Solar Panel Cost Guide in Hampton, NJ (2025 Update)
- Hampton Solar Installation Cost: $11,874
- 25-Year Savings: $8,149
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Hampton
We break down average solar pricing in Hampton.
While the national average of solar panels is $2.66 per watt, solar panels in Hampton generally cost about 4.Since a 4.8-kW system is needed to cover the energy costs of a typical home in Hampton, the average price of going solar will be about $11,874 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Hampton homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Despite the significant upfront cost, the average Hampton homeowner can save around $14,000 on their power bills over 20 years, which is one of the positives of solar.
To receive a free quote from a vetted solar installation company in Hampton, you can click the button below.
Solar savings over time in Hampton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,815 |
| 3 years | $-8,696 |
| 5 years | $-6,578 |
| 7 years | $-4,460 |
| 9 years | $-2,341 |
| 11 years | $-223 |
| 13 years | $1,896 |
| 15 years | $4,014 |
| 17 years | $6,132 |
| 19 years | $8,251 |
| 21 years | $10,369 |
| 23 years | $12,488 |
| 25 years | $14,606 |
Top Solar Installers in Hampton
When making the switch to solar, many homeowners prefer to hire a solar installation company since installing a solar system yourself can be a time-consuming project. Solar warranties and repairs are usually included in the cost of installation when you sign a contract with a solar contractor too, which can save you more money after your upfront investment.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Hampton
Factors that Affect Solar Panel Costs in Hampton
Even though the average cost of a solar system in Hampton is $11,874, your actual cost may be higher or lower than that. There are quite a few factors that can have a sizable 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 energy system in Hampton, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by around $3,530 for each additional kilowatt you need.The type of solar equipment you choose can increase or decrease your cost 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 power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Hampton average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Hampton homeowners decide to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Hampton, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Hampton have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $3.67 | $15,419 | $6,390 | 17.7 years |
| 8 kW | $3.60 | $20,163 | $8,915 | 17.3 years |
| 10 kW | $3.53 | $24,710 | $11,638 | 17.0 years |
| 12 kW | $3.46 | $29,059 | $14,559 | 16.7 years |
| 14 kW | $3.39 | $33,210 | $17,677 | 16.3 years |
| 16 kW | $3.32 | $37,164 | $20,993 | 16.0 years |
| 18 kW | $3.25 | $40,920 | $24,507 | 15.6 years |
| 20 kW | $3.18 | $44,478 | $28,218 | 15.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Installation Process: When making the switch to solar, it’s necessary to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.
- Contract: Before you sign a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
EcoWatch's Hampton, NJ Solar Cost FAQs
How much does it cost to install solar panels in Hampton?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $17,650 for a 5-kW system and $35,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Hampton?
A solar panel system isn’t free in Hampton, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Hampton is currently $517,160, so you can expect a value of about $21,204 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Hampton is a fruitful investment.
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 how much 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 buy 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.