Solar Panel Cost Guide in Colonial Heights, TN (2023 Update)
- Colonial Heights Solar Installation Cost: $14,251
- 25-Year Savings: $18,596
- Payback Period: 10.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Colonial Heights
See how much it might cost to make the switch to solar in Colonial Heights.
The national average cost of solar panels is $2.66 per watt, but in Colonial Heights it's 2.49 per watt. The average Colonial Heights homeowner needs a 8.2-kilowatt system, which would cost about $14,258 with the federal tax credit, or $20,389 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of equipment you want, your solar contractor and more. With average savings of about $15,000 on energy bills over 20 years, many homeowners in Colonial Heights find investing in solar can pay off big.
To get a free estimate from a top solar installer in Colonial Heights, you can click the button below.
Solar savings over time in Colonial Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-14,141 |
| 3 years | $-13,922 |
| 5 years | $-13,703 |
| 7 years | $-13,484 |
| 9 years | $-13,265 |
| 11 years | $-13,046 |
| 13 years | $-12,827 |
| 15 years | $-12,608 |
| 17 years | $-12,389 |
| 19 years | $-12,170 |
| 21 years | $-11,951 |
| 23 years | $-11,732 |
| 25 years | $-11,513 |
Top Solar Installers in Colonial Heights
Although you can install solar panels by yourself, it takes extra effort and know-how. Because of that, most people choose to hire a solar panel installer. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Colonial Heights
Factors that Affect Solar Panel Costs in Colonial Heights
There are many criteria that can influence your solar panel 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.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,490. The type of solar panels and equipment you want is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Colonial Heights, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and go with the company that provides the products, warranties and services you're looking for and also fits within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.59 | $10,876 | $13,229 | 11.3 years |
| 8 kW | $2.54 | $14,223 | $17,917 | 11.1 years |
| 10 kW | $2.49 | $17,430 | $22,745 | 10.8 years |
| 12 kW | $2.44 | $20,498 | $27,713 | 10.6 years |
| 14 kW | $2.39 | $23,426 | $32,820 | 10.4 years |
| 16 kW | $2.34 | $26,215 | $38,066 | 10.2 years |
| 18 kW | $2.29 | $28,864 | $43,451 | 10.0 years |
| 20 kW | $2.24 | $31,374 | $48,977 | 9.8 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, such as:
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Colonial Heights, TN Solar Cost FAQs
What is the average cost of installing solar panels in Colonial Heights?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,450 for a 5-kW system and $24,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Colonial Heights?
You can't get solar panels for free in Colonial Heights. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How will solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Colonial Heights is currently $175,800, so you could be looking at a value of about $7,208 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Colonial Heights is a rewarding investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.