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.
The average cost of a solar panel system in Swanzey 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 a solar panel system. The actual cost of going solar can vary depending on a few factors, such as how many panels you need, your energy usage and what solar installer you go with.For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Swanzey see about $19,000 in savings on energy bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
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
Trying to put up solar panels by yourself can be a dangerous task, which is why using a solar installer is a good option for many homeowners. A solar company can also help save you money over time by offering warranties, repairs and part replacements.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Swanzey
Factors that Affect Solar Panel Costs in Swanzey
Even though the average cost of a solar system in Swanzey is $14,758, your final cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar panel 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 primarily based on your home’s energy usage, which you can figure out by looking at past power bills. Your total cost can increase by about $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 Swanzey, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Swanzey homeowners choose to finance their solar panel systems to make paying for solar more affordable.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 off the loan.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Swanzey, and each can charge different amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project completion timeline.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my electricity 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 check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get 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 generally 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.