Solar Panel Cost Guide in Swanzey, NH (2024 Update)
- Swanzey Solar Installation Cost: $14,758
- 25-Year Savings: $14,823
- Payback Period: 14.8 Years
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Average Cost of Solar Panels in Swanzey
Here’s how much it might cost to go solar in Swanzey.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Swanzey, the typical cost of solar panels is 4 per watt.Because a 5.0-kW system is needed to cover the energy costs of a typical home in Swanzey, the average price of going solar will be about $14,758 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of equipment you choose, your solar contractor and more.But, once you've paid the upfront cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $19,000 over 20 years on power bills.
You can click the button below to get connected with a top solar installer in Swanzey for a quote for your home.
Solar savings over time in Swanzey
| 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 Swanzey
Installing solar panels by yourself can be a dangerous task, which is why hiring a solar installer is a good option for many homeowners. Companies can also provide access to quality options of the best solar panels and help you choose which one will be best for your home.
If you're looking for a solar installer in Swanzey, we've compiled a list of our top suggestions here:
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 Swanzey
Factors that Affect Solar Panel Costs in Swanzey
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Swanzey: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Swanzey, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by around $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 choose 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, more efficient panels could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Swanzey average.
Solar Financing Terms
Many homeowners find the average cost of solar in Swanzey to be prohibitively costly, 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 for most homeowners, but they also result in paying more over time due to interest.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you choose will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Swanzey are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 model of solar panels and the installation company you choose significantly influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Installation Process: When making the switch to solar, it’s important to keep an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the completion timeline.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
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 Swanzey, NH Solar Cost FAQs
How much does it cost to install solar panels in Swanzey?
The average cost of solar panels in Swanzey is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels eliminate my power bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Swanzey, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses 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 house 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.