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.
In Nottingham, solar panels cost about 4 per watt on average.Because a 4.8-kW system is needed to cover the energy consumption 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.
These figures are only estimates, and your own solar costs will most likely vary based on your specific situation and what company you want to go with.For many homeowners, the upfront investment in solar panels 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 installer in Nottingham for a custom 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
Trying to put up solar panels by yourself can be a time-consuming undertaking, which is why using a solar installer is a good option for many homeowners. Another benefit of going with a solar company is that they can help you optimize your return of investment by cutting back on future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
If you're searching for a solar company in Nottingham, we've put together a list of our top suggestions here:
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
The cost of installing a solar system in Nottingham can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $4,220 per kilowatt in Nottingham.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Nottingham average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Nottingham, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.Although solar loans make adopting solar energy more accessible for Nottingham homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies in Nottingham, and each can charge different amounts for labor and equipment.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that offers the products, warranties and services you want and also fit into your budget.
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
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. While there are many options for which brand 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 offerings before deciding.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Contract: It’s important to read your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
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
How much does it cost to install solar panels in Nottingham?
This is a tough question to answer exactly, 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Nottingham?
A solar panel system isn’t free in Nottingham, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does Nottingham have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.