Solar Panel Cost Guide in Hempstead, TX (2023 Update)
- Hempstead Solar Installation Cost: $14,400
- 25-Year Savings: $22,953
- Payback Period: 9.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Hempstead
See how much it might cost to switch to solar power in Hempstead.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hempstead, the typical cost of solar panels is 2.69 per watt. Since a 7.7-kW system is needed to cover the energy needs of a typical home in Hempstead, the average price of going solar will be about $14,405 after claiming the federal solar tax credit of 30%.
These figures are just averages, and the cost of going solar for you will look different based on your energy needs and what company you choose to go with. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $19,000 over 20 years on power bills.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Hempstead
| Year | Return on Investment |
|---|---|
| 1 years | $-13,101 |
| 3 years | $-10,504 |
| 5 years | $-7,907 |
| 7 years | $-5,310 |
| 9 years | $-2,712 |
| 11 years | $-115 |
| 13 years | $2,482 |
| 15 years | $5,079 |
| 17 years | $7,676 |
| 19 years | $10,273 |
| 21 years | $12,870 |
| 23 years | $15,467 |
| 25 years | $18,065 |
Top Solar Installers in Hempstead
When switching to solar energy, many homeowners opt to use a solar installer since handling can be a challenging project. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Hempstead
Factors that Affect Solar Panel Costs in Hempstead
For many Hempstead homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Hempstead, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant 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 electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $2,690 per kilowatt in Hempstead. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Hempstead average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. While solar loans make adopting solar energy more accessible for Hempstead homeowners, they can also add to the total you pay for your system due to interest. 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 estimate the cost of solar for your home or business in Hempstead is the company you choose to install your solar system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different costs. You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.80 | $11,750 | $17,557 | 10.0 years |
| 8 kW | $2.74 | $15,365 | $23,710 | 9.8 years |
| 10 kW | $2.69 | $18,830 | $30,015 | 9.6 years |
| 12 kW | $2.64 | $22,144 | $36,469 | 9.4 years |
| 14 kW | $2.58 | $25,308 | $43,075 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,831 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,738 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,795 | 8.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before making your decision.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Hempstead, TX Solar Cost FAQs
What is the average cost of installing solar panels in Hempstead?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Hempstead?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.