Solar Panel Cost Guide in Hampden, PA (2023 Update)
- Hampden Solar Installation Cost: $11,888
- 25-Year Savings: $12,423
- Payback Period: 12.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Hampden
We go over average solar pricing in Hampden.
The average cost of a solar system in Hampden is 2.55 per watt. The average Hampden homeowner needs a 6.7-kilowatt system, which would cost about $11,888 with the federal tax credit, or $17,000 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary quite a bit based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Hampden can save about $14,000 on their power bills over 20 years.
Click the button below to get connected to a top solar installer in Hampden for a personalized estimate.
Solar savings over time in Hampden
| Year | Return on Investment |
|---|---|
| 1 years | $-10,916 |
| 3 years | $-8,971 |
| 5 years | $-7,026 |
| 7 years | $-5,081 |
| 9 years | $-3,136 |
| 11 years | $-1,191 |
| 13 years | $753 |
| 15 years | $2,698 |
| 17 years | $4,643 |
| 19 years | $6,588 |
| 21 years | $8,533 |
| 23 years | $10,478 |
| 25 years | $12,423 |
Top Solar Installers in Hampden
Although you can install solar panels by yourself, it requires extra labor and know-how. That's why the majority of homeowners choose to go with a solar panel installer. Companies can also have access to a large variety of the best solar panels and help you choose which one will be right for your family.
If you're on the hunt for a solar company in Hampden, the EcoWatch team has put together a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Hampden
Factors that Affect Solar Panel Costs in Hampden
There are several factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,550. The kind 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 energy bills. In addition, extra products, like solar batteries, can bring your total well above the Hampden average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Hampden homeowners decide to finance their solar panel systems to make going solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Hampden, and each can charge varying amounts for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for and also fits within your budget.
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 | $10,755 | 12.7 years |
| 8 kW | $2.60 | $14,566 | $14,626 | 12.5 years |
| 10 kW | $2.55 | $17,850 | $18,639 | 12.2 years |
| 12 kW | $2.50 | $20,992 | $22,795 | 12.0 years |
| 14 kW | $2.45 | $23,990 | $27,094 | 11.7 years |
| 16 kW | $2.40 | $26,846 | $31,536 | 11.5 years |
| 18 kW | $2.35 | $29,560 | $36,121 | 11.3 years |
| 20 kW | $2.29 | $32,130 | $40,848 | 11.0 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Hampden, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Different companies have different brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Hampden, PA Solar Cost FAQs
How much does it cost to install solar panels in Hampden?
The average cost of solar panels in Hampden is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Hampden?
Leasing solar panels can be an option if you are unable to pay upfront or secure 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 savings from going solar.
Is it worth going solar in Hampden?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt 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.