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Top Solar Installers in Richmond
When going solar, many homeowners opt to hire a solar company since overseeing your solar installation yourself can be a difficult project. The expertise that solar companies provide can be invaluable as well, particularly if you aren't sure what type of solar equipment you need.
If you'd like to switch to solar energy but still aren't sure which solar company to go with, here are our suggestions for providers nearby:
See all of the solar companies in Richmond
Factors that Affect Solar Panel Costs in Richmond
There are a number of factors that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,730 per kilowatt in Richmond. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Richmond, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid choice because they cut back your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also increases your all-in costs, so it's crucial to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can influence your pricing. Richmond's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
|System size||Cost per system watt||Solar system cost||25-Year savings||Payback period|
|6 kW||$2.84||$11,925||$8,875||14.3 years|
|8 kW||$2.78||$15,594||$12,138||14.1 years|
|10 kW||$2.73||$19,110||$15,555||13.8 years|
|12 kW||$2.68||$22,473||$19,125||13.5 years|
|14 kW||$2.62||$25,684||$22,848||13.2 years|
|16 kW||$2.57||$28,741||$26,723||13.0 years|
|18 kW||$2.51||$31,646||$30,751||12.7 years|
|20 kW||$2.46||$34,398||$34,933||12.4 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which company you should opt for, since different companies have different panels.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- 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.
EcoWatch's Richmond, IL Solar Cost FAQs
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.