Solar Panel Cost Guide in Hampton, IL (2024 Update)

  • Hampton Solar Installation Cost: $16,986
  • 25-Year Savings: $4,211
  • Payback Period: 21.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

Why you can trust EcoWatch

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 Hampton

We break down average solar pricing in Hampton.

The average cost of a solar system in Hampton is 4 per watt.To cover the typical energy needs of the average home in Hampton, most homeowners require a 6.5-kilowatt system. Using the figure above, a solar installation costs about $16,986, or $24,290 before the federal solar tax credit of 0 is applied.

How much you pay can be higher or lower than the average in Hampton based on a variety of factors, such as the type of solar panels you choose and the solar company you hire.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $12,000 over 20 years on utility bills.

To receive a free quote from a vetted solar installer in Hampton, you can click the button below.

Solar savings over time in Hampton

Year Return on Investment
1 years $-16,138
3 years $-14,442
5 years $-12,746
7 years $-11,051
9 years $-9,355
11 years $-7,659
13 years $-5,963
15 years $-4,268
17 years $-2,572
19 years $-876
21 years $820
23 years $2,515
25 years $4,211

Top Solar Installers in Hampton

Many homeowners opt for a solar installation company since installing solar panels on your own can be time-consuming. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be best for you.

You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:

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

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Hampton

Factors that Affect Solar Panel Costs in Hampton

For many Hampton homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Hampton, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The brand of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Hampton to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time due to interest.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.

Solar Panel Installation Company

Finally, the company you choose to install your solar panels can play a role in determining how much it costs. Hampton’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 $3.91 $16,424 $2,271 22.0 years
8 kW $3.84 $21,477 $3,448 21.5 years
10 kW $3.76 $26,320 $4,837 21.1 years
12 kW $3.68 $30,952 $6,436 20.7 years
14 kW $3.61 $35,374 $8,246 20.3 years
16 kW $3.53 $39,585 $10,266 19.9 years
18 kW $3.46 $43,586 $12,497 19.4 years
20 kW $3.38 $47,376 $14,938 19.0 years

How to Save on Solar Panels

The solar panel company you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:

  • Solar Panel Brands: The model of solar panel you need to get plays a part in which installer you should opt for, since different companies provide different panels.
  • Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
  • Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
  • Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.

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

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Hampton, IL Solar Cost FAQs

What is the average cost of installing solar panels in Hampton?

This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.

What other factors should I consider other than cost when buying solar panels?

The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.

Is it worth going solar in Hampton?

Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.

How long do solar panels last in Hampton?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.

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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