Solar Panel Cost Guide in Nottingham, NH (2024 Update)
- Nottingham Solar Installation Cost: $14,236
- 25-Year Savings: $16,983
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Nottingham
Find out how much it might cost to make the switch to solar in Nottingham.
The national average cost of solar panels is $2.66 per watt, but in Nottingham it’s 4 per watt.Because a 4.8-kW system is needed to cover the energy costs of a typical home in Nottingham, the average price of going solar will be about $14,236 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of going solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.For most homeowners, the upfront cost of solar is worth paying. On average Nottingham homeowners see about $21,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar panel company in Nottingham for a personalized quote.
Solar savings over time in Nottingham
| Year | Return on Investment |
|---|---|
| 1 years | $-12,829 |
| 3 years | $-10,016 |
| 5 years | $-7,202 |
| 7 years | $-4,388 |
| 9 years | $-1,575 |
| 11 years | $1,239 |
| 13 years | $4,053 |
| 15 years | $6,866 |
| 17 years | $9,680 |
| 19 years | $12,493 |
| 21 years | $15,307 |
| 23 years | $18,121 |
| 25 years | $20,934 |
Top Solar Installers in Nottingham
Many homeowners choose to hire a solar installer since trying to put up solar panels on your own can be a lot of work. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy consumption, but working with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
You can get a free quote from a local solar installer on how much your investment in solar could cost 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 Nottingham
Factors that Affect Solar Panel Costs in Nottingham
Even though the average cost of a solar system in Nottingham is $14,236, your actual cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Nottingham, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by around $4,220 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Nottingham, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Nottingham homeowners opt to finance their solar panel systems to offset upfront costs.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can affect the cost. Nottingham’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $14,933 | 13.8 years |
| 8 kW | $4.30 | $24,105 | $20,383 | 13.5 years |
| 10 kW | $4.22 | $29,540 | $26,070 | 13.3 years |
| 12 kW | $4.14 | $34,739 | $31,993 | 13.0 years |
| 14 kW | $4.05 | $39,702 | $38,152 | 12.7 years |
| 16 kW | $3.97 | $44,428 | $44,547 | 12.5 years |
| 18 kW | $3.88 | $48,918 | $51,179 | 12.2 years |
| 20 kW | $3.80 | $53,172 | $58,047 | 12.0 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before making your decision.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: Read the contract terms closely to make sure you understand the total cost, project completion timeline rebates and warranties.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Nottingham, NH Solar Cost FAQs
What is the average cost of installing solar panels in Nottingham?
The average cost of solar panels in Nottingham is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Nottingham?
You can’t get solar panels for free in Nottingham. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Nottingham?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can 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 install 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.