Solar ROI Calculator for Hampton, VA

Stop guessing. See exactly how much the 30% Federal Credit saves you in 23661.

Calculate Savings for Hampton (23661)

$150

Fetching NREL Solar Data for Hampton...

25-Year Savings

$57,563

Break-Even

8.9 Years

Net Cost

$17,264

Get 3 Official Quotes for 23661 →

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Is Solar Worth it in Hampton?

Residents of Hampton look to solar primarily for stability. Locking in your energy costs now protects you from future rate hikes that are expected to hit the region in the coming years.

Homeowners in Hampton are currently paying an average of 15.1 cents per kWh. Solar is a solid long-term bond, beating inflation in Virginia while immediately increasing your home's resale value.

With the Federal Solar Investment Tax Credit (ITC) currently set at 30%, a typical 6kW to 10kW residential system in the 23661 area can typically pay for itself in just 7.5 to 9 years. After this "break-even" point, your system generates effectively free electricity for the remainder of its 25-year lifespan.

Key Hampton Statistics

  • Avg Rate: 15.1¢ / kWh
  • Sun Exposure: High (Southern US)
  • Est. Payback: 7.5 Years
  • Incentive: 30% Federal ITC

State Incentives for VA

Beyond the federal credit, residents of Hampton should check for local net metering policies offered by their specific utility provider. These policies determine how much you get paid for sending excess energy back to the grid.

Frequently Asked Questions in Hampton

Is solar worth it in Hampton, VA?

Yes. With electricity rates in Hampton currently averaging 15.1 cents/kWh, most homeowners see a break-even point between 6-9 years. This is significantly better than the national average.

Does the 30% Tax Credit apply to residents of VA?

Absolutely. Homeowners in Hampton are eligible for the 30% Federal Investment Tax Credit (ITC). This is a dollar-for-dollar reduction in the income tax you owe.

How long do solar panels last?

Modern tier-1 solar panels are warrantied for 25 years but often last 30+ years. Our calculator accounts for a 0.5% annual degradation in efficiency.

What is Net Metering?

Net metering allows you to sell excess electricity back to the grid. Policies vary by utility company in your area, but it is a key factor in maximizing ROI.

Methodology: How We Calculated This

  • Irradiance: NREL PVWatts® V8 API data for coords 37.0299, -76.3452.
  • Escalation: Conservative 2.5% annual utility rate increase.
  • Degradation: 0.5% annual panel efficiency loss.

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