Solar Panel Cost Guide in Hampton, IA (2024 Update)
- Hampton Solar Installation Cost: $27,200
- 25-Year Savings: $27,918
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Hampton
Find out what the average cost of installing solar panels is in Hampton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hampton, the average cost of a solar system is 4 per watt.The average Hampton homeowner needs a 9.7-kilowatt system, which would cost about $27,200 with the federal tax credit, or $38,896 before the 0 tax credit is applied.
How much you pay can go higher or lower than the average in Hampton based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Hampton can save around $18,000 on their energy bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Hampton
| Year | Return on Investment |
|---|---|
| 1 years | $-25,483 |
| 3 years | $-22,050 |
| 5 years | $-18,617 |
| 7 years | $-15,184 |
| 9 years | $-11,751 |
| 11 years | $-8,318 |
| 13 years | $-4,885 |
| 15 years | $-1,452 |
| 17 years | $1,981 |
| 19 years | $5,414 |
| 21 years | $8,847 |
| 23 years | $12,280 |
| 25 years | $15,713 |
Top Solar Installers in Hampton
When going solar, many homeowners choose to use a solar installer since putting up a solar system yourself can be a challenging project. Plus, if you aren’t sure what type of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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 Hampton
Factors that Affect Solar Panel Costs in Hampton
While the average cost of a solar system in Hampton is $27,200, your final cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
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 energy your household uses, the larger your system will likely need to be. You can expect to pay about $4,010 per kilowatt in Hampton.There are several different solar panel brands and the one you pick also affects the cost. Usually, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Hampton homeowners choose to finance their solar panel systems to make going solar more affordable.It’s a good idea to add 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 installer you pick will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Hampton know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $4.17 | $17,516 | $11,405 | 15.1 years |
| 8 kW | $4.09 | $22,905 | $15,656 | 14.8 years |
| 10 kW | $4.01 | $28,070 | $20,132 | 14.6 years |
| 12 kW | $3.93 | $33,010 | $24,832 | 14.3 years |
| 14 kW | $3.85 | $37,726 | $29,756 | 14.0 years |
| 16 kW | $3.77 | $42,217 | $34,905 | 13.7 years |
| 18 kW | $3.69 | $46,484 | $40,279 | 13.4 years |
| 20 kW | $3.61 | $50,526 | $45,877 | 13.1 years |
How to Save on Solar Panels
There are a lot of companies available in Hampton, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the project timeline.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
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 Hampton, IA Solar Cost FAQs
How much does it cost to install solar panels in Hampton?
The average cost of solar panels in Hampton is about $20,050 for a 5-kW system and $40,100 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Hampton?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can solar panels significantly reduce my power bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Hampton, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate 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 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 usually 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.