Solar Panel Cost Guide in Hampton, PA (2023 Update)
- Hampton Solar Installation Cost: $12,441
- 25-Year Savings: $14,285
- Payback Period: 11.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hampton
Let's have a look at the average cost of solar in Hampton.
The average cost of a solar panel system in Hampton is 2.55 per watt. The average Hampton homeowner needs a 7.0-kilowatt system, which would cost about $12,441 with the federal tax credit, or $17,791 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. Even with the large initial cost, the average Hampton homeowner can save around $15,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar company in Hampton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Hampton
| Year | Return on Investment |
|---|---|
| 1 years | $-11,372 |
| 3 years | $-9,234 |
| 5 years | $-7,096 |
| 7 years | $-4,958 |
| 9 years | $-2,820 |
| 11 years | $-682 |
| 13 years | $1,456 |
| 15 years | $3,594 |
| 17 years | $5,732 |
| 19 years | $7,871 |
| 21 years | $10,009 |
| 23 years | $12,147 |
| 25 years | $14,285 |
Top Solar Installers in Hampton
Many homeowners opt for a solar installer since installing solar panels by yourself can be a lot of work. Companies can also provide access to quality options of the best solar panels and help you choose which one will be best for you.
If you're looking for a solar company in Hampton, the EcoWatch team has compiled 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
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 $12,441, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The brand of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Hampton, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, 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 APR could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can affect how much it costs. Hampton's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Hampton know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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 | $2.65 | $11,138 | $11,868 | 12.1 years |
| 8 kW | $2.60 | $14,566 | $16,110 | 11.9 years |
| 10 kW | $2.55 | $17,850 | $20,495 | 11.6 years |
| 12 kW | $2.50 | $20,992 | $25,022 | 11.4 years |
| 14 kW | $2.45 | $23,990 | $29,692 | 11.2 years |
| 16 kW | $2.40 | $26,846 | $34,505 | 10.9 years |
| 18 kW | $2.35 | $29,560 | $39,461 | 10.7 years |
| 20 kW | $2.29 | $32,130 | $44,559 | 10.5 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:
- 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 adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which installer you should opt for, since different companies offer different panels.
- Contract: Even 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.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Hampton, PA Solar Cost FAQs
How much does it cost to install solar panels in Hampton?
The average cost of solar panels in Hampton 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses 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.