Solar Panel Cost Guide in Williamsburg, FL (2023 Update)
- Williamsburg Solar Installation Cost: $9,687
- 25-Year Savings: $19,736
- Payback Period: 8.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Williamsburg
Find out what the average cost of solar panels are in Williamsburg.
In Williamsburg, solar panels cost about 2.53 per watt on average. Using this figure, a typical 5.5-kW system would cost about $9,687 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Williamsburg homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With average savings of about $20,000 on power bills over 20 years, many homeowners in Williamsburg find going solar has a decent ROI.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Williamsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-8,510 |
| 3 years | $-6,157 |
| 5 years | $-3,803 |
| 7 years | $-1,449 |
| 9 years | $905 |
| 11 years | $3,259 |
| 13 years | $5,613 |
| 15 years | $7,967 |
| 17 years | $10,321 |
| 19 years | $12,675 |
| 21 years | $15,029 |
| 23 years | $17,382 |
| 25 years | $19,736 |
Top Solar Installers in Williamsburg
Many homeowners decide to hire a solar installation company since figuring out how to install solar panels by yourself can be hard. The payback period on a solar system will vary depending on factors like your roof configuration and energy usage, but working with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Williamsburg
Factors that Affect Solar Panel Costs in Williamsburg
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Williamsburg: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Williamsburg homeowners opt to finance their solar panel systems to make paying for solar more affordable. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar system can influence your pricing. Williamsburg's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.63 | $11,051 | $21,197 | 8.6 years |
| 8 kW | $2.58 | $14,451 | $28,546 | 8.4 years |
| 10 kW | $2.53 | $17,710 | $36,037 | 8.2 years |
| 12 kW | $2.48 | $20,827 | $43,670 | 8.1 years |
| 14 kW | $2.43 | $23,802 | $51,444 | 7.9 years |
| 16 kW | $2.38 | $26,636 | $59,360 | 7.7 years |
| 18 kW | $2.33 | $29,328 | $67,417 | 7.6 years |
| 20 kW | $2.28 | $31,878 | $75,617 | 7.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
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 Williamsburg, FL Solar Cost FAQs
How much does it cost to install solar panels in Williamsburg?
The average cost of solar panels in Williamsburg is about $12,650 for a 5-kW system and $25,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Williamsburg?
Solar panels aren't free in Williamsburg, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase the value of your 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 Williamsburg is currently $207,100, which means you could be looking at a value of about $8,491 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Williamsburg is a rewarding investment.
How often do you have to replace solar panels?
Although 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 once you've had 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.