Solar Panel Cost Guide in Hampton, PA (Feb 2023)
- Hampton Solar Installation Cost: $12,441
- 25-Year Savings: $14,285
- Payback Period: 11.6 Years
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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:
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.
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.
EcoWatch's Hampton, PA Solar Cost FAQs
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.