Solar Panel Cost Guide in Hampstead, NH (2024 Update)

  • Hampstead Solar Installation Cost: $14,236
  • 25-Year Savings: $15,478
  • Payback Period: 14.1 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 Hampstead

We go over average solar pricing in Hampstead.

The national average cost of solar panels is $2.66 per watt, but in Hampstead it’s 4 per watt.To account for the typical energy usage of the average home in Hampstead, most homeowners require a 4.8-kilowatt system. Using the figure above, a solar installation costs about $14,236, or $20,357 before the federal solar tax credit of 0 is applied.

How much you pay can be above or below the average in Hampstead based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire.But, after you've paid the initial cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $20,000 over 20 years on energy bills.

To see your potential savings and connect with a local solar company, click the button below.

Solar savings over time in Hampstead

Year Return on Investment
1 years $-12,829
3 years $-10,016
5 years $-7,202
7 years $-4,388
9 years $-1,575
11 years $1,239
13 years $4,053
15 years $6,866
17 years $9,680
19 years $12,493
21 years $15,307
23 years $18,121
25 years $20,934

Top Solar Installers in Hampstead

Putting up solar panels on your own can be a difficult task, which is why using a solar installer is a good option for many homeowners. Another perk of using a solar company is that they can help you optimize your return of investment by lowering your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.

There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

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 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

Best Technology

Tesla Energy

★★★★★
3.2

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Hampstead

Factors that Affect Solar Panel Costs in Hampstead

Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Hampstead: 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 panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require 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 $4,220.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 choose 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, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Hampstead average.

Solar Financing Terms

Most solar companies in Hampstead have solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also increases your total costs, so it’s crucial to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.

Solar Panel Installation Company

A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Hampstead is the company you get to install your solar system. As with choosing a company to renovate your kitchen, for example, you’ll have no shortage of solar installers that offer a range of services at different price points.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for 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 $4.39 $18,433 $13,059 14.6 years
8 kW $4.30 $24,105 $17,885 14.4 years
10 kW $4.22 $29,540 $22,947 14.1 years
12 kW $4.14 $34,739 $28,245 13.8 years
14 kW $4.05 $39,702 $33,780 13.5 years
16 kW $3.97 $44,428 $39,551 13.2 years
18 kW $3.88 $48,918 $45,558 12.9 years
20 kW $3.80 $53,172 $51,802 12.7 years

How to Save on Solar Panels

There are numerous companies available in Hampstead, 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:

  • Warranty: A comprehensive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
  • Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
  • Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
  • Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.

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 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

Best Technology

Tesla Energy

★★★★★
3.2

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Hampstead, NH Solar Cost FAQs

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

The average cost of solar panels in Hampstead is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Hampstead?

Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.

How will solar panels impact the value of my home?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Hampstead is currently $589,135, so you could be looking at a value of about $24,155 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Hampstead is a worthwhile investment.

How long do solar panels last in Hampstead?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use 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.

Follow us