Solar Panel Cost Guide in Hempstead, TX (Jan 2023)
- Hempstead Solar Installation Cost: $14,405
- 25-Year Savings: $22,947
- Payback Period: 9.6 Years
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Top Solar Installers in Hempstead
Many homeowners decide to hire a solar panel company since trying to put up solar panels yourself can be a lot of work. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be right for your family.
If you'd like to start using solar energy but still aren't certain which solar panel installer to go with, here are our recommendations for providers in Hempstead:
See all of the solar companies in Hempstead
Factors that Affect Solar Panel Costs in Hempstead
For many Hempstead homeowners, the decision to adopt solar energy comes down to 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 a few factors that significantly influence the price you'll pay, which we'll go over below.
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 power your household uses, the larger your system will likely need to be. You can expect to spend about $2,690 per kilowatt in Hempstead. The kind 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 in the long run on your power bills. Additionally, extra products, like solar batteries, can bump up your total well above the Hempstead average.
Solar Financing Terms
Many homeowners find the average cost of solar in Hempstead to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Hempstead, and each can charge different amounts for labor and equipment. Additionally, some companies in Hempstead know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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||$2.80||$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
There are a large number of companies available in Hempstead, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Read the contract terms thoroughly to make sure you understand the overall cost, project timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: When going solar, it's essential to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the completion timeline.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
EcoWatch's Hempstead, TX 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.