Solar Panel Cost Guide in Hampton, GA (2023 Update)
- Hampton Solar Installation Cost: $11,906
- 25-Year Savings: $19,869
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Hampton
We break down average solar pricing in Hampton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hampton, the average cost of solar panels is 2.55 per watt. The average Hampton homeowner needs a 6.7-kilowatt system, which would cost about $11,906 with the federal tax credit, or $17,026 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Hampton homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Even with the significant upfront cost, the average Hampton homeowner can save around $18,000 on their power bills over 20 years, which is one of the perks of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Hampton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,635 |
| 3 years | $-8,093 |
| 5 years | $-5,551 |
| 7 years | $-3,009 |
| 9 years | $-467 |
| 11 years | $2,075 |
| 13 years | $4,617 |
| 15 years | $7,159 |
| 17 years | $9,701 |
| 19 years | $12,243 |
| 21 years | $14,785 |
| 23 years | $17,327 |
| 25 years | $19,869 |
Top Solar Installers in Hampton
Many homeowners opt for a solar panel installer since figuring out how to install solar panels on your own can be challenging. Plus, if you're unsure what brand of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Hampton
Factors that Affect Solar Panel Costs in Hampton
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Hampton: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,550. 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. However, more efficient panels could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Hampton average.
Solar Financing Terms
Many homeowners find the average cost of solar in Hampton to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time due to interest. However, the interest on solar loans also increases your total costs, so it's important to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you choose will play a role in your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $2.65 | $11,138 | $17,445 | 9.7 years |
| 8 kW | $2.60 | $14,566 | $23,546 | 9.6 years |
| 10 kW | $2.55 | $17,850 | $29,789 | 9.4 years |
| 12 kW | $2.50 | $20,992 | $36,175 | 9.2 years |
| 14 kW | $2.45 | $23,990 | $42,704 | 9.0 years |
| 16 kW | $2.40 | $26,846 | $49,376 | 8.8 years |
| 18 kW | $2.35 | $29,560 | $56,191 | 8.6 years |
| 20 kW | $2.29 | $32,130 | $63,148 | 8.4 years |
How to Save on Solar Panels
The solar panel company you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Different companies will have different brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Hampton, GA Solar Cost FAQs
What is the average cost of installing solar panels in Hampton?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Hampton?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.