Solar Panel Cost Guide in Pembroke, NH (2024 Update)
- Pembroke Solar Installation Cost: $14,710
- 25-Year Savings: $15,201
- Payback Period: 14.5 Years
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Average Cost of Solar Panels in Pembroke
We break down average solar pricing in Pembroke.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pembroke, the typical cost of solar panels is 4 per watt.Since a 5.0-kW system is needed to cover the energy costs of a typical home in Pembroke, the average price of going solar will be about $14,710 after claiming the federal solar tax credit of 0.
The true price you pay can go above or below the average in Pembroke depending on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.Even with the large upfront cost, the average Pembroke homeowner can save around $19,000 on their energy bills over 20 years, which is one of the perks of solar.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Pembroke
| Year | Return on Investment |
|---|---|
| 1 years | $-13,303 |
| 3 years | $-10,489 |
| 5 years | $-7,676 |
| 7 years | $-4,862 |
| 9 years | $-2,048 |
| 11 years | $765 |
| 13 years | $3,579 |
| 15 years | $6,392 |
| 17 years | $9,206 |
| 19 years | $12,020 |
| 21 years | $14,833 |
| 23 years | $17,647 |
| 25 years | $20,461 |
Top Solar Installers in Pembroke
When going solar, many homeowners decide to go with a solar installation company since handling can be a time-consuming project. Solar warranties and repairs are often included in the cost of installation when you go with a solar company too, which can save you more money over time.
If you’d like to switch to solar energy but still aren’t certain which solar panel installer to go with, here are our suggestions for providers near you:
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 Pembroke
Factors that Affect Solar Panel Costs in Pembroke
The cost of installing a solar system in Pembroke can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels 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 spend about $4,220 per kilowatt in Pembroke.There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Pembroke to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Pembroke, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, 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 | $12,104 | 15.1 years |
| 8 kW | $4.30 | $24,105 | $16,611 | 14.8 years |
| 10 kW | $4.22 | $29,540 | $21,355 | 14.5 years |
| 12 kW | $4.14 | $34,739 | $26,335 | 14.2 years |
| 14 kW | $4.05 | $39,702 | $31,551 | 13.9 years |
| 16 kW | $3.97 | $44,428 | $37,004 | 13.6 years |
| 18 kW | $3.88 | $48,918 | $42,693 | 13.3 years |
| 20 kW | $3.80 | $53,172 | $48,618 | 13.1 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you’re worried about the durability of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: The kind of solar panel you want plays a role in which company you should choose, since different companies have access to different panels.
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 Pembroke, NH Solar Cost FAQs
How much does it cost to install solar panels in Pembroke?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $21,100 for a 5-kW system and $42,200 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Pembroke?
You can’t get solar panels for free in Pembroke. However, you may still be able to install 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.
Is making the switch to solar worth it?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
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 buy between 20 and 35 panels to cover 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.