Solar Panel Cost Guide in Hinsdale, NH (2024 Update)
- Hinsdale Solar Installation Cost: $14,758
- 25-Year Savings: $14,823
- Payback Period: 14.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Hinsdale
Find out what the average cost of a solar system is in Hinsdale.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hinsdale, the average cost of solar panels is 4 per watt.Using this figure, a typical 5.0-kW system would cost about $14,758 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $19,000 in savings on energy bills over 20 years.
To get a free estimate from a vetted solar installer in Hinsdale, you can click the button below.
Solar savings over time in Hinsdale
| Year | Return on Investment |
|---|---|
| 1 years | $-13,352 |
| 3 years | $-10,538 |
| 5 years | $-7,724 |
| 7 years | $-4,911 |
| 9 years | $-2,097 |
| 11 years | $717 |
| 13 years | $3,530 |
| 15 years | $6,344 |
| 17 years | $9,158 |
| 19 years | $11,971 |
| 21 years | $14,785 |
| 23 years | $17,599 |
| 25 years | $20,412 |
Top Solar Installers in Hinsdale
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using a solar panel installer can make your switch to solar power much easier. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Hinsdale
Factors that Affect Solar Panel Costs in Hinsdale
There are several criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the price of a solar panel system in Hinsdale, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past energy bills. Your overall cost can increase by about $4,220 for each additional kilowatt you need.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Hinsdale average.
Solar Financing Terms
Many homeowners find the average cost of solar in Hinsdale to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.However, the interest on solar loans also adds to your total costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can affect your pricing. Hinsdale’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.39 | $18,433 | $11,591 | 15.3 years |
| 8 kW | $4.30 | $24,105 | $15,927 | 15.1 years |
| 10 kW | $4.22 | $29,540 | $20,500 | 14.8 years |
| 12 kW | $4.14 | $34,739 | $25,309 | 14.5 years |
| 14 kW | $4.05 | $39,702 | $30,354 | 14.2 years |
| 16 kW | $3.97 | $44,428 | $35,636 | 13.9 years |
| 18 kW | $3.88 | $48,918 | $41,154 | 13.6 years |
| 20 kW | $3.80 | $53,172 | $46,908 | 13.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose greatly affects your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Contract: It’s important to read through your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Hinsdale, NH Solar Cost FAQs
What is the average cost of installing solar panels in Hinsdale?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $21,100 for a 5-kW system and $42,200 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Hinsdale?
A solar panel system isn’t free in Hinsdale, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.