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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Hempstead

Let's take a look at the average cost of solar panels in Hempstead.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Hempstead, the typical cost of a solar system is $3 per watt. The average solar panel system size in Hempstead is around 7.7 kilowatts, meaning a cost of about $14,405 for a solar installation, or $10,660 after the 30% federal solar tax credit is applied.

Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of solar system you want, your solar contractor and more. But, once you've paid the upfront cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $19,000 over 20 years on power bills.

You can click the button below to get connected with a pre-vetted solar company in Hempstead that can help you get a more accurate cost estimate for your home.

Solar savings over time in Hempstead

Year Return on Investment
1 years $-12,911
3 years $-9,923
5 years $-6,934
7 years $-3,946
9 years $-958
11 years $2,030
13 years $5,018
15 years $8,006
17 years $10,995
19 years $13,983
21 years $16,971
23 years $19,959
25 years $22,947

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:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 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.

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 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.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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

How much does it cost to install solar panels in Hempstead?

The average cost of solar panels in Hempstead is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.

Are solar panels free in Hempstead?

Solar panels aren't free in Hempstead, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

Do solar panels increase your home value?

Solar panels can increase your home value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.

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.

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