Cost of Solar Panels In New Hampshire
Updated July 6, 2024 | 8 min read
Fortunately for New Hampshire homeowners, the cost of solar panels has decreased more than 54% in the last 10 years. And with abundant sunshine year-round and so many financial incentives, more than 35,000+ homes and businesses have decided solar panels are worth it in The Granite State!
But how much does it cost to install solar panels in New Hampshire? See the complete breakdown of the cost of solar panels in NH below, or request a customized solar quote for your home, in minutes!
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How Much Do Solar Panels Cost In New Hampshire?
Most recent data from the solar industry shows that the average cost of solar panels in New Hampshire ranges from $9,000 to $14,000, depending on how much energy your home needs. Given the average home size in New Hampshire is approximately 1,800 sq ft., the average solar system price in New Hampshire is around $12,251 prior to taking advantage of New Hampshire's solar incentives.
Here’s a more complete breakdown of the cost of solar panels in New Hampshire, by home size.
Home Size (sq ft) |
System Size |
Average Costs |
|---|---|---|
| 1,500 - 1,750 | 3 kW | $9,872 |
| 1,750 - 2,000 | 4 kW | $12,251 |
| 2,000 - 2,300 | 5 kW | $14,129 |
| 2,300 - 2,500 | 6 kW | $16,710 |
| 2,500 - 2,800 | 7 kW | $18,095 |
| 2,800 - 3,000 | 8 kW | $21,365 |
** It's important to note that these costs DO NOT include the thousands you can save by utilizing New Hampshire's Solar Incentives. See which solar financial incentives you qualify for by entering your zip code below!
Enter your zip code to see which NH Solar Incentives your qualify for!
Do I Qualify?
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Factors That Influence The Costs of Solar
Going solar in New Hampshire is a prudent decision for many homeowners due to the potential savings on monthly energy bills and its positive environmental impact. The cost of installing solar panels in New Hampshire is determined by various factors, including your home's energy requirements, the specific solar panels you select, and any additional features you may want, such as a solar battery or extra panels.
While the initial costs can differ, homeowners in New Hampshire can anticipate notable savings. The majority of solar adopters see a reduction of 40% to 60% in their electricity bills. Furthermore, in New Hampshire, solar panels frequently pay for themselves in under 10 years!
Installation & Labor Costs
Solar installation expenses in New Hampshire aren't solely about the panels. Costs associated with the installation process, obtaining permits, and inspections to ensure a proper setup are also essential. Typically, these represent 10% to 20% of the total solar investment.
Good news! There are avenues to reduce the upfront costs of solar in New Hampshire. Explore our guide on installing solar panels at no initial cost in New Hampshire!
Equipment Costs
Here's a breakdown of New Hampshire's solar equipment costs. Approximately 60-70% of your entire investment is allocated to the primary components: the solar panels, inverters, and mounting systems. These components are crucial for harnessing and converting sunlight into clean energy for many years.
Solar Taxes
When purchasing solar panels in New Hampshire, consider the potential sales and property taxes due to the added home value. However, New Hampshire offers incentives that can ease this financial burden. Enter your zip code below to identify which solar incentives you are eligible for!
Enter your zip code to see which New Hampshire Solar Incentives your home qualifies for!
Do I Qualify?
Please enter a zip code
How to Reduce The Costs of Solar Panels in New Hampshire
New Hampshire presents many financial advantages for those considering the shift to solar energy. Given New Hampshire's dedication to expanding renewable energy sources, there's an array of opportunities to pocket savings for those residing here.
Wondering about the solar incentives available to you? Connect with local solar professionals for an in-depth analysis. They can walk you through available solar discounts, guide you on the application process, and furnish an estimate for a solar panel system specifically designed for your residence.
ROI on Solar | Solar Payback Period
Have you pondered the duration it might take for solar panels to yield profits in New Hampshire? Given the electricity rates and attractive solar incentives, many homeowners reach a break-even point in just 7-9 years! Once your panels have compensated their initial cost, the savings continue, making solar panels worth it for many homeowners in New Hampshire.
Solar Financing Options
Worried about the upfront solar costs? Don’t be! With financing avenues like power purchase agreements (PPAs) and solar loans, transitioning to solar without a significant initial payout has never been easier. By choosing a PPA or a solar loan, you can immediately begin enjoying solar advantages without emptying your pockets.
Keen on exploring options that require no initial costs? Discover ways to get your solar panels installed at no upfront charge in New Hampshire!
New Hampshire Solar Incentives
New Hampshire is recognized for its compelling solar incentives. Homeowners here can tap into federal solar tax credits along with state-specific rebates and incentives. These perks significantly drive down the comprehensive cost of your solar initiative, making solar adoption in New Hampshire an astute move.
Dive into a detailed list of New Hampshire's solar incentives to maximize the available benefits!
Now, more than ever, harnessing solar power in New Hampshire is economically viable. Leveraging the state's solar incentives and diverse financing options, you can join the renewable energy movement, harness the power of the sun, and revel in significant savings!
Enter your zip code below to see which NH Solar Incentives you qualify for!
Do I Qualify?
Please enter a zip code
Are Solar Panels Worth it in New Hampshire?
Yes, For numerous homeowners in New Hampshire, solar energy delivers impressive savings on electric bills while championing a greener future. Thanks to New Hampshire's steadfast dedication to solar initiatives, emphasized by its alluring incentives and tax breaks, many residents witness a return on their solar panel expenses in just a few years. Even better? Those panels continue to function, supplying almost zero-cost electricity for possibly 20-30 years or perhaps more. Picture relishing steady reductions on your energy expenses and drawing from eco-friendly, renewable power for decades to come!
Read Also: The Pros & Cons of Solar Panels in New Hampshire.
Embarking on the solar path in New Hampshire is a straightforward and rewarding endeavor, particularly when equipped with expert advice. Before you know it, you can receive a no-cost quote for your solar panel setup. This encompasses a detailed online assessment of your home, details about the solar benefits available to you, and a projection of your likely savings. Why hold back? Explore the spectrum of solar solutions now without any strings attached. Join the continually expanding group of homeowners savoring the perks of solar energy in New Hampshire!
Make the switch to solar and start saving in New Hampshire!
Contact our team of local energy consultants and see how much you can save with solar in New Hampshire!
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