Solar Panel Cost Guide in Hempstead, TX (2024 Update)
- Hempstead Solar Installation Cost: $17,825
- 25-Year Savings: $22,953
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Hempstead
Find out what the average cost of solar panels are in Hempstead.
The average cost of a solar system in Hempstead is 3 per watt.Since a 7.6-kW system is needed to cover the energy costs of a typical home in Hempstead, the average price of going solar will be about $17,825 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Hempstead homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the ROI for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on utility bills.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Hempstead
| Year | Return on Investment |
|---|---|
| 1 years | $-16,527 |
| 3 years | $-13,930 |
| 5 years | $-11,333 |
| 7 years | $-8,735 |
| 9 years | $-6,138 |
| 11 years | $-3,541 |
| 13 years | $-944 |
| 15 years | $1,653 |
| 17 years | $4,250 |
| 19 years | $6,847 |
| 21 years | $9,444 |
| 23 years | $12,042 |
| 25 years | $14,639 |
Top Solar Installers in Hempstead
Although you can install solar panels by yourself, it involves extra effort and know-how. That's one of the reasons almost all homeowners choose a solar panel installer. Some solar installers, especially local ones, can help you make the most of incentives in Hempstead, optimizing your ROI.
If you’d like to switch to solar energy but still aren’t certain which solar system installer to go with, here are our suggestions for providers in Hempstead:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Hempstead
Factors that Affect Solar Panel Costs in Hempstead
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Hempstead: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,330.There are a lot of different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a solid option because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.Although solar loans make adopting solar energy more accessible for Hempstead homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installer you select will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that has the products, warranties and services you want and also fit into your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.46 | $14,545 | $14,761 | 12.4 years |
| 8 kW | $3.40 | $19,021 | $20,055 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,535 | 11.9 years |
| 12 kW | $3.26 | $27,413 | $31,201 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $37,054 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $43,093 | 11.2 years |
| 18 kW | $3.06 | $38,601 | $49,319 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,731 | 10.7 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Hempstead, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Hempstead, TX Solar Cost FAQs
How much does it cost to install solar panels in Hempstead?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for 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 you can take advantage of.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.