Solar Panel Cost Guide in Hampstead, NH (2023 Update)
- Hampstead Solar Installation Cost: $9,818
- 25-Year Savings: $15,477
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hampstead
See how much it might cost to go solar in Hampstead.
The national average cost of solar panels is $2.66 per watt, but in Hampstead it's 2.91 per watt. The average Hampstead homeowner needs a 4.8-kilowatt system, which would cost about $9,818 with the federal tax credit, or $14,040 before the 30% tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely differ based on your energy needs and what company you want to go with. With average savings of about $20,000 on power bills over 20 years, many homeowners in Hampstead find investing in solar has a decent ROI.
To get a free quote from a pre-vetted solar installer in Hampstead, you can click the button below.
Solar savings over time in Hampstead
| Year | Return on Investment |
|---|---|
| 1 years | $-8,807 |
| 3 years | $-6,783 |
| 5 years | $-4,759 |
| 7 years | $-2,736 |
| 9 years | $-712 |
| 11 years | $1,311 |
| 13 years | $3,335 |
| 15 years | $5,359 |
| 17 years | $7,382 |
| 19 years | $9,406 |
| 21 years | $11,429 |
| 23 years | $13,453 |
| 25 years | $15,477 |
Top Solar Installers in Hampstead
Many homeowners decide to use a solar panel installer since installing solar panels yourself can be hard. Another upside of going with a solar installer is that they can help you optimize your ROI by bringing down your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
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 Hampstead
Factors that Affect Solar Panel Costs in Hampstead
The cost of installing a solar system in Hampstead can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Hampstead, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $2,910 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Hampstead, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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 Hampstead homeowners decide to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also adds to your all-in costs, so it's important to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Hampstead, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have 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 | $3.03 | $12,711 | $18,781 | 10.1 years |
| 8 kW | $2.97 | $16,622 | $25,368 | 9.9 years |
| 10 kW | $2.91 | $20,370 | $32,117 | 9.7 years |
| 12 kW | $2.85 | $23,955 | $39,029 | 9.5 years |
| 14 kW | $2.79 | $27,377 | $46,104 | 9.3 years |
| 16 kW | $2.74 | $30,636 | $53,343 | 9.1 years |
| 18 kW | $2.68 | $33,733 | $60,744 | 8.9 years |
| 20 kW | $2.62 | $36,666 | $68,308 | 8.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: If you're concerned about the endurance of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
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 Hampstead, NH Solar Cost FAQs
How much does it cost to install solar panels in Hampstead?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $14,550 for a 5-kW system and $29,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive 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.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,049.74 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.