Solar Panel Cost Guide in Hampton, NH (2024 Update)
- Hampton Solar Installation Cost: $14,236
- 25-Year Savings: $13,258
- Payback Period: 15.4 Years
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Average Cost of Solar Panels in Hampton
Find out how much it might cost to switch to solar power in Hampton.
In Hampton, solar panels cost about 4 per watt on average.Because a 4.8-kW system is needed to cover the energy consumption of a typical home in Hampton, the average price of going solar will be about $14,236 after claiming the federal solar tax credit of 0.
These figures are just estimates, and how much solar costs for you will most likely vary based on the amount of energy your home requires and what company you choose to go with.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $18,000 over 20 years on power bills.
To receive a free estimate from a highly rated solar company in Hampton, you can click the button below.
Solar savings over time in Hampton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,853 |
| 3 years | $-10,086 |
| 5 years | $-7,319 |
| 7 years | $-4,552 |
| 9 years | $-1,785 |
| 11 years | $982 |
| 13 years | $3,749 |
| 15 years | $6,516 |
| 17 years | $9,283 |
| 19 years | $12,050 |
| 21 years | $14,817 |
| 23 years | $17,584 |
| 25 years | $20,351 |
Top Solar Installers in Hampton
Although it's possible to install solar panels on your own, it requires extra energy and handiness. For that reason, most homeowners choose a solar panel installer. In addition, if you’d like to maximize your investment in solar, going with a solar company can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- 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
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- 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 Hampton
Factors that Affect Solar Panel Costs in Hampton
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Hampton: 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 major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater 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 $4,220.The 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. However, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Hampton average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Hampton homeowners opt to finance their solar panel systems to offset upfront costs.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Hampton is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that offer a range of services for different budgets.Companies that 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 cost more. It’s best to do some research and go with the company that offers the products, warranties and services you want and also fits within 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 | $10,295 | 16.0 years |
| 8 kW | $4.30 | $24,105 | $14,199 | 15.7 years |
| 10 kW | $4.22 | $29,540 | $18,339 | 15.4 years |
| 12 kW | $4.14 | $34,739 | $22,716 | 15.1 years |
| 14 kW | $4.05 | $39,702 | $27,329 | 14.8 years |
| 16 kW | $3.97 | $44,428 | $32,179 | 14.5 years |
| 18 kW | $3.88 | $48,918 | $37,265 | 14.2 years |
| 20 kW | $3.80 | $53,172 | $42,587 | 13.9 years |
How to Save on Solar Panels
There are numerous companies to choose from in Hampton, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When making the switch to solar, it’s essential to maintain an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project completion timeline.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
Best National Provider
SunPower
- 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
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- 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 Hampton, NH Solar Cost FAQs
How much does it cost to install solar panels in Hampton?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $21,100 for a 5-kW system and $42,200 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Hampton?
A solar panel system isn’t free in Hampton, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can you sell solar power back to the grid in Hampton?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for 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.