There are additional factors that determine how much solar electricity you can produce. The majority of complaints about solar companies result from low-quality solar leases. Tree trimming costs will vary based on the size of the job and the hours it takes to complete, but you can expect to pay around $320 per hour on average for tree trimming in Virginia and up to $1,500 for tree removal. Banks offer better lending rates, and you get to keep the incentives because you own the system. It also increased the generation capacity cap to 150 . To get a good idea of your price for going solar, youll need to consider your homes size, its energy efficiency, your energy usage, the equipment and installer you choose, local electricity rates, and much more. The average price for a home solar panel system in Virginia is $15,000 or about $2.89 per watt. With the lifetime of a solar system at 25 years, the estimated lifetime savings of going solar in Virginia is about $21,700 based on the average system size and electricity data from the Energy Information Administration (EIA). Use the formula below: (Total System Cost Value of Incentives) Cost of Electricity Annual Electricity Usage = Payback Period. Below are some more pros and cons of paying for your solar panels with a loan: If youve ever seen an advertisement for free solar panels, it was likely a cheap pitch for a solar lease or power purchase agreement (PPA). . There might also be state or county-specific rebates and grants for your area, which further reduce the cost of solar. This is a long, long time and you will need customer service over all that time. When financed at the current low rates, many customers who installed Solar in Virginia actually saved money by going solar compared to their old power bill. Learn more about why solar panels are such a great investment in Virginia. See the cost of solar in VA cities and towns. thin-film solar panels cost between $1 and $1.50 per watt, . The reviews below of the two largest corporate solar installation companies indicate larger corporate solar companies are not delivering this support to their customers. All solar systems include solar panels, but add-on equipment like electric vehicle chargers and solar batteries can drive up your price. Manage your solar system from anywhere in the world with 24/7 mobile monitoring. Wondering how to calculate your payback period and solar panel return on investment (ROI)? Check out ourDIY Solar Timeline. The utility will charge a monthly fee for access to connect to the grid. But that task is complicated by the fact that the sun moves across the sky throughout the day. System costis the total cost to install your system, which includes equipment, permitting, shipping, contractor wages, and other associated project costs. (Thiscase study from a Wisconsin customerdoes a great job demonstrating how solar produces in a heavy snow region.). We recommend you find a small or mid-size, local, family-owned solar company. Solar is a major purchase, and one that is often accompanied by significant complexity. Its challenging to estimate where your total will fall within that range because many factors can affect your pricing. If budget is a concern, we recommendfinancing your systeminstead. and more expensive than other solar panels. Yard Sale: A variety of products available at 20 to 50% off! Typical residential solar panel dimensions today are about 65 inches by 39 inches, or 5.4 feet by 3.25 feet, with some variation among manufacturers. Solar Panel Costs by State This guide focuses on investment value for grid-tied systems. Learn more. When shopping for solar panels you should consider getting multiple quotes from various installers. This payback period is not guaranteed. You may be able to have your solar panel crack or break repaired for free if its covered under your solar panel companys warranty, so always check that first. Commercial systems are eligible at least through 2024, but may not be eligible for the full 30 percent depending on certain labor and domestic manufacturing requirements; they also may be eligible for specific ITC adders. Your solar installer will also charge for the difficulty of the installation, meaning if you have a complex roof your system may cost more. With installation, an average residential 5-kW system costs from $3 to $5 per watt, according to the CSE, which results in the $15,000 to $25,000 range. However, the average solar payback period for an 11 kW system in Virginia is about 13 years. This credit gets applied to your income taxes for the year your system is installed. The average cost of solar panels also depends on the size of your system. West Virginia: $10,925: 13.76 /kWh: 6.29: Wisconsin: . that is charging enough so that they can stay in business - as youll be relying on them for the next 25 years! NREL's PVWatts Calculator Estimates the energy production of grid-connected photovoltaic (PV) energy systems throughout the world. tax credit. Many of our customers save money by choosing to self-install their system, cutting out the installation fees. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company. You could end up getting the exact same service and equipment for a lower price from a national company, for example, as you would from a local company. Replacing the inverter at the 12-year and 24-year mark adds another $3,382 to the costs outlined above. Click on your state for solar panels cost localized to your city or use the solar calculator above to see the live prices from solar providers near you. Click here to get in touch for a free consultationor give us a call at 1-800-472-1142. This also applies during the middle of summer and winter months, when people are running their heater or A/C at full blast. The type of equipment you choose will also play a role in your pricing. Most residents see pre-tax-credit solar costs between $22,000 and $38,500 in Virginia. Lithium batteries come with 5 to 10 year warranties. The average payback period for solar panels in Virginia is around 11.5 years years. No interest paid, meaning lower overall costs, Start saving money right away on your monthly utility bills, Take advantage of all solar tax credits and incentives, Lower barrier to entry than a cash purchase, Allows you to invest your money elsewhere, Still lets you take advantage of solar incentives, Need to have a decent credit score to get a good loan, Allows low-income families to support clean energy, Can complicate the process of selling a home, You lose eligibility for solar tax incentives, Install solar in Virginia in 2023 to take advantage of tax exemptions, Sign up for Virginias Solar Renewable Energy Certificate program. The requirements and benefits vary by location. That might include the cost of running power lines to your property, which can cost tens or hundreds of thousands of dollars depending on your proximity to the nearest grid hookup. If your system is built under trees, chimneys, or other obstructions, it wont produce at maximum efficiency, which will negatively impact your solar panel ROI. The payback period balloons to13.45 yearsif you hire a contractor for installation. There are more than 70 solar installers based in Virginia and even more that service the state. This is called net metering or net energy metering (NEM).. For example, if your system generates 2,500 kWh in a month and you use 2,500 kWh in that month you would have a $0 electric bill. In 2024 the credit ends for residential owners but will remain at 10% for commercial projects. A solar payback period is the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings. Below are the average costs of different sizes of solar installations in Virginia before and after you take advantage of the federal solar investment tax credit (ITC). Whats more, most utilities dont bill a flat rate for electricity. As of March 2023, the average solar panel cost in Virginia is. Thinking about buying solar panels? In 2021, a . Looking at full pre-tax-credit prices, an 11 kW solar energy system costs the average Virginian $30,250 and the average American $29,260. While sunlight is not always plentiful in Virginia, residents should feel fortunate that the state offers strong financial incentives for going solar. Yourelectricity usageis printed on your electric bill. VA, Henrico, However, these add-ons can raise your price by thousands or even tens of thousands of dollars. But if limbs are preventing the sun from reaching your panels, it will greatly inhibit their ability to create solar energy. Batteries add a significant up-front cost, and they will also need to be replaced over the life of the system. On the other hand, the price of standard electricity continues to rise. Youre still looking at several thousand dollars for the installation. The decision to switch to solar in Old Dominion is made easier with strong financial incentives, such as a renewable energy systems tax credit, solar easements and rights, and net metering availability. To be Paying in cash allows you to begin saving money right away with your solar production and makes the solar payback period 13 years in Virginia. Are energy-efficient appliances worth it? The credit steps down in value starting in 2020, until the program expires in 2022. It also changes angle in the sky as the seasons change. panels will cost for your home based on current offers from your local solar installation companies. C-PACE is Virginias commercial PACE program, which helps businesses convert to solar affordably. The competition effect means that each additional quote you receive for solar will help you to find the right solar panel system at the right price. When you sign up for Virginias SREC program, your SREC broker will automatically sell the SRECs your solar system generates at the going market price. Systems will vary depending on the types of solar panels you choose and the size of your system. Average cost of utility power over 25 years (if you don't get solar) is Regardless of the exact cost of installation, there are many affordable financing options for solar panel systems. Our database of sunshine at every weather location, and the electric rates charged by every utility allows us to calculate from your location and power bill how many solar panels you need. Old Dominion can largely attribute the solar industrys surging growth to developments over just the last few years, especially in 2016 and 2017. Virginia State 55 solar panels available. Copyright 2009-2023 EnergySage, Inc. A 6.9 kW system would completely offset your energy usage. While its hard to predict future rate changes, solar can offer financial security by locking in a fixed electric rate over the next 25 years. Solar Renewable Energy Certificates (SRECs), Panels installed on more than 2 roof planes, Extensive/difficult cabling for on-line monitoring functionality, Electrical modifications to the existing service other than net-metered back fed breaker installation Grid-tied Battery back-up power installation, Off-grid battery back-up power installation. With the pricing noted above, a 10kW system with US-made panels and microinverters would be priced at $2.45 (the average per watt price for the state of Virginia is $3.01) for a total cost of $24,500. What determines the cost of solar panels in Virginia? There may be multiple AHJs that oversee the process. When you install the system yourself, it takes6.11 years to recoup the initial cost of the system. you can begin to calculate the cost. Below well explain what you need to know about solar panel maintenance costs: If the glass cracks on your solar panel, it can cost between $120 to $500 per panel to fix. We are your solar allies. Most system owners will be happy enough to mount panels at a fixed angle, which saves money on racking and installation costs. How long would it take to pay off the same 6.9kW system? Average Cost of Solar Panels. This level of production will save a household about $115/month (or $1,384/year). Solar Calculator: https://www.solarreviews.com/solar-calculator?aff=36180&cam=688What does it cost to install rooftop solar panels? If your household uses less energy, going solar could be cheaper for you, and vice-versa if you use more energy than average. In Virginias case, policymakers passed a Voluntary Renewable Energy Portfolio Goal in 2007, with a target of 15 percent renewable generation by 2025. 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