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.The average solar panel system size in Hempstead is around 7.6 kilowatts, meaning a cost of about $17,825 for a solar installation, or $25,490 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will look different based on the amount of energy your home requires and what company you choose to go with.For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Hempstead see about $19,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, 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 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 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
See all of the solar companies in Hempstead
Factors that Affect Solar Panel Costs in Hempstead
The cost of installing a solar system in Hempstead can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
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 production use better technology and/or more equipment, both of which can raise 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 choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, 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
Many homeowners find the average cost of solar in Hempstead to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.Although solar loans make switching to solar energy more accessible for Hempstead homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installation company you choose will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.46 | $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
The solar company you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Solar Panel Brands: The type of solar panel you’d like plays a role in which installer you should go with, since different companies have access to different panels.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
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 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
EcoWatch's Hempstead, TX Solar Cost FAQs
What is the average cost of installing solar panels in Hempstead?
The average cost of solar panels in Hempstead is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Hempstead?
You can’t get solar panels for free in Hempstead. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is switching to solar power worth it?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Hempstead?
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 higher amount 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.