Solar Panel Cost Guide in Hampden, PA (2025 Update)
- Hampden Solar Installation Cost: $16,556
- 25-Year Savings: $12,418
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Hampden
We go over average solar pricing in Hampden.
Although the national average of solar panels is $2.66 per watt, solar panels in Hampden typically cost about 4.Since a 6.7-kW system is needed to cover the energy consumption of a typical home in Hampden, the average price of going solar will be about $16,556 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of solar system you want to get, your solar contractor and more.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Hampden can save around $14,000 on their electricity bills over 20 years.
To receive a free estimate from a top solar installation company in Hampden, you can click the button below.
Solar savings over time in Hampden
| Year | Return on Investment |
|---|---|
| 1 years | $-15,211 |
| 3 years | $-12,519 |
| 5 years | $-9,828 |
| 7 years | $-7,137 |
| 9 years | $-4,446 |
| 11 years | $-1,755 |
| 13 years | $937 |
| 15 years | $3,628 |
| 17 years | $6,319 |
| 19 years | $9,010 |
| 21 years | $11,701 |
| 23 years | $14,393 |
| 25 years | $17,084 |
Top Solar Installers in Hampden
Many homeowners opt for a solar panel company since installing solar panels by yourself can be a labor-intensive endeavor. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Hampden
Factors that Affect Solar Panel Costs in Hampden
The cost of installing a solar system in Hampden 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 household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $3,550 per kilowatt in Hampden.The kind of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Hampden, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.Though solar loans make switching to solar energy more accessible for Hampden homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Hampden is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that provide a range of services for different budgets.The company’s size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.69 | $15,506 | $6,387 | 17.7 years |
| 8 kW | $3.62 | $20,278 | $8,914 | 17.4 years |
| 10 kW | $3.55 | $24,850 | $11,639 | 17.0 years |
| 12 kW | $3.48 | $29,224 | $14,563 | 16.7 years |
| 14 kW | $3.41 | $33,398 | $17,686 | 16.3 years |
| 16 kW | $3.34 | $37,374 | $21,008 | 16.0 years |
| 18 kW | $3.27 | $41,152 | $24,529 | 15.7 years |
| 20 kW | $3.19 | $44,730 | $28,248 | 15.3 years |
How to Save on Solar Panels
There are a lot of companies available in Hampden, 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:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
EcoWatch's Hampden, PA Solar Cost FAQs
What is the average cost of installing solar panels in Hampden?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Hampden?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to 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.
How will having solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Hampden is currently $282,382, so you could be looking at a value of about $11,578 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Hampden is a rewarding investment.
How often do you have to replace solar panels?
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 keep using 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.