Solar Panel Cost Guide in Williamsburg, OH (2023 Update)
- Williamsburg Solar Installation Cost: $13,202
- 25-Year Savings: $14,464
- Payback Period: 11.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Williamsburg
Find out how much it might cost to switch to solar power in Williamsburg.
In Williamsburg, solar panels cost about 2.56 per watt on average. To cover the typical energy usage of the average home in Williamsburg, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs about $13,207, or $18,886 before the federal solar tax credit of 30% is applied.
These figures are just averages, and your own solar costs will most likely differ based on factors unique to your home and what company you go with. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Williamsburg see about $14,000 in savings on energy bills over 20 years.
To receive a free quote from a vetted solar installation company in Williamsburg, you can click the button below.
Solar savings over time in Williamsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-12,037 |
| 3 years | $-9,707 |
| 5 years | $-7,377 |
| 7 years | $-5,047 |
| 9 years | $-2,717 |
| 11 years | $-387 |
| 13 years | $1,943 |
| 15 years | $4,273 |
| 17 years | $6,603 |
| 19 years | $8,933 |
| 21 years | $11,263 |
| 23 years | $13,593 |
| 25 years | $15,923 |
Top Solar Installers in Williamsburg
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make your switch to solar power much easier. Another advantage of going with a solar company is that they can help you maximize your investment by reducing your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you're looking for a solar company in Williamsburg, we've compiled a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Williamsburg
Factors that Affect Solar Panel Costs in Williamsburg
Though the average cost of a solar system in Williamsburg is $13,207, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,560. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Williamsburg, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in Williamsburg, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. While solar loans make switching to solar energy more accessible for Williamsburg homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Williamsburg is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Additionally, some companies in Williamsburg know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.66 | $11,182 | $11,350 | 12.4 years |
| 8 kW | $2.61 | $14,623 | $15,420 | 12.2 years |
| 10 kW | $2.56 | $17,920 | $19,633 | 11.9 years |
| 12 kW | $2.51 | $21,074 | $23,990 | 11.7 years |
| 14 kW | $2.46 | $24,084 | $28,490 | 11.5 years |
| 16 kW | $2.41 | $26,952 | $33,133 | 11.2 years |
| 18 kW | $2.36 | $29,676 | $37,920 | 11.0 years |
| 20 kW | $2.30 | $32,256 | $42,850 | 10.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Long-running companies likely have a high 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.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Williamsburg, OH Solar Cost FAQs
What is the average cost of installing solar panels in Williamsburg?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Williamsburg?
A solar panel system isn't free in Williamsburg, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Williamsburg have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.