Cost of Solar Panels in Virginia: Local Solar Installation Prices (2022)

Here’s a quick look at the estimated cost of solar in Virginia:

  • Average Cost Per Watt: $2.75
  • Cost of Average System: $22,385*
  • Cost of Energy Without Solar: $51,942
  • Payback Period: 13 Years**
  • Lifetime Savings of Going Solar: $21,692

*Average system size is calculated using data from the Energy Information Administration. This price is after tax credit.
**Payback period is calculated assuming the system is purchased in cash.

Ecowatch Author Karsten Neumeister

By Karsten Neumeister, Solar Expert

Updated 5/18/2022

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Find Cost Savings on Solar in Virginia

As a homeowner in Virginia, you may be wondering: How much do solar panels cost in your area? In this article, we’ll discuss the average cost of a solar installation, how much that can save you on energy for your home and what incentives are available in your region. If you want to jump straight to getting a quote for an installation, you can follow the links below to speak with a verified professional.

Best National Provider
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Nationwide Service

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SunPower

  • Pros icon Most efficient panels on the market
  • Pros icon National coverage
  • Pros icon Cradle to Cradle sustainability certification
  • Pros icon Great warranty coverage
  • Con icon Expensive
  • Con icon Customer service varies by local dealer

Services Offered

  • Service icon Solar Panels
  • Service icon Solar Batteries
  • Service icon EV Chargers
  • Service icon System Monitoring
Outstanding Local Installer
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Local Service

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Nova Solar

  • Pros icon Representatives are experts on local policies
  • Pros icon NABCEP-certified technicians
  • Pros icon Offers products from leading manufacturers
  • Pros icon Great warranty coverage
  • Con icon Limited service area
  • Con icon Slightly limited service offerings

Services Offered

  • Service icon Solar Panels
  • Service icon Solar Batteries
Outstanding Local Installer
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Local Service

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$$$$$

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Virtue Solar

  • Pros icon Educational, no-pressure sales approach
  • Pros icon Representatives are experts on local policies
  • Pros icon NABCEP-certified technicians
  • Con icon Relatively young company
  • Con icon Limited service area

Services Offered

  • Service icon Solar Panels
  • Service icon Solar Batteries
  • Service icon Roofing Services
  • Service icon System Monitoring

The figures above are only estimates based on the average energy use of Virginia homeowners. The price of a solar system for your home may look different based on factors unique to you.

Cost of Solar Panels in Virginia

A roughly 11-KW solar system is needed to meet the average monthly energy consumption of Virginia residents. With an average cost of $2.75 per watt for solar in Virginia, you’d pay a total of about $30,250 for an 11-kW home solar system. This is reduced to $22,385 after applying the federal solar tax credit.

If your household uses more or less energy than the state average, you’ll need a bigger or smaller system size. Most residents see pre-tax-credit solar costs between $22,000 and $38,500 in Virginia.

Solar Panel System Installation Cost in Virginia

The cost to install a solar energy system in VA depends mainly on the size of the system you need. Most solar equipment is installed based on wattage. At an average per-watt cost of $2.75 in VA, every kilowatt increment will cause your total cost to jump by $2,750. There is no one-size-fits-all approach to sizing your solar electric system, so your best bet is to contact a reputable solar company in Virginia to get a quote customized for your home.

Just as an example, if you have a monthly electric bill of $130 — which is about the average in Virginia — you’ll likely need an 11-kW system to offset your utility bill entirely. This number can vary even further based on your home size, the energy efficiency of your appliances and more.

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).

Size of Solar Panel System Virginia Solar Panel Cost Cost After Federal Tax Credit
8 kW $22,000 $16,280
9 kW $24,750 $18,315
10 kW $27,500 $20,350
11 kW $30,250 $22,385
12 kW $33,000 $24,420
13 kW $35,750 $26,455
14 kW $38,500 $28,490

Want to see our review of the best solar companies in Virginia that offer affordable, high-efficiency solar panel systems? Click below.

See Top Virginia Solar Installers

What Determines the Cost of Solar Panels in Virginia?

There are many factors even beyond the size of the system that can have a significant impact on the cost of a residential solar panel installation in VA. Below are some of the more crucial things to consider.

Solar Equipment

Solar panels might all look similar — black or blue boxes on a roof — but there are huge differences from brand to brand. Some more expensive brands, like SunPower and Panasonic, offer higher energy efficiency, which means more power production per panel. You might prefer these brands given their durability and longevity, or you may need high-efficiency options if you have a small roof and can only fit a few panels.

Solar panels that are more durable and efficient will almost always cost more upfront but will pay off in the long run.

Along with standard panels and inverters, you might want additional equipment, like solar batteries or electric vehicle chargers. Solar batteries are costly, but they act as a backup energy source to power your home through blackouts or at night when your panels aren’t producing. This can also help you save more long-term and give you a higher return on investment.

Luckily, many solar manufacturers are headquartered in and around Virginia, so equipment costs can sometimes be lower than in other states.

Solar Financing

Many Virginians choose to finance their solar panel systems to offset upfront costs. Solar loans make moving to renewable energy more accessible, but they typically come with higher costs in the long run, as loans will accrue interest.

You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Paying a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.

The State of Virginia offers some incentives that can help minimize the long-term cost of financing your solar conversion. These include low-APR loans, grants and Solar Renewable Energy Credits (SRECs), which can be used to pay down your loan more quickly, thereby reducing the total interest paid.

Solar Installation Company

Additionally, the solar installer you choose to handle your switch to clean energy can play a role in your total costs. According to the Solar Energy Industries Association (SEIA), there are 77 solar installation companies operating throughout Virginia, and each can charge varying amounts for labor and equipment.

Opting for companies that sell the best solar panels or batteries — like high-efficiency SunPower solar panels or Tesla Powerwall batteries — will usually lead to a higher total as well.

Virginia Solar Incentives

Going solar has never been easier or more affordable, thanks to a number of solar incentives offered to Virginia residents. Taking advantage of some or all of these can reduce your installation costs by more than $10,000 in some cases. Below, we’ll discuss the incentives available to VA homeowners from federal and state governments.

Federal Solar Tax Credit For Virginia Homeowners

The federal solar tax credit is a massive incentive to go solar offered by the federal government and available to all Virginia homeowners. Currently, taking advantage of this incentive will leave you with a credit come tax season worth 26% of your total photovoltaic installation costs. With the average price of an 11-kW system in Virginia totaling $30,250, that means savings of $7,865.

It should be noted that the federal tax credit is scheduled to drop to 22% in 2023 and be abandoned for residential systems in 2024. It’s possible that Congress will decide to extend the benefit, but it’s not guaranteed.

Net Metering Policies in Virginia

Net metering programs are offered by many utility companies throughout the country to benefit customers who go solar. The specifics of net metering policies can vary, but the general idea is that homeowners can be credited for producing more energy than they consume.

If your solar energy system produces more power than your home needs, the excess can be fed back into the local electricity grid in exchange for a credit from your utility company. These credits can be used to pay for future electricity bills, and in some cases, your power company could even write you a check for the value of the credits. The exact benefits will depend on your provider.

For most Virginia homeowners, Dominion Energy will be supply electricity. Luckily, Dominion is quite solar-friendly and has a great net metering policy. Dominion buys back excess kilowatt-hours of energy your system produces at the full retail rate for up to 20 kW for residential solar systems.

Local Solar Rebates or Grants in Virginia

There is also a solar tax exemption that the State of Virginia offers to incentivize the move to solar energy.

Installing solar will almost always increase your property value, provided you buy or finance rather than lease your panels and equipment.

In most cases, property tax increases when your property value goes up. To keep the indirect cost of solar down, Virginia offers a property tax exemption that ensures your tax rate won’t increase due to the addition of your solar panels.

Best Solar Panel Brands and Installed Solar System Costs in 2022

There are many different solar brands available to Virginia residents, all of which vary in price, efficiency, durability and warranty coverage. Below are some of the more popular manufacturers, along with relative pricing. You can check out our review of the best solar panels to determine which of these brands suits you and your property best.

Solar Panel Brand Average Cost Per Watt ($-$$$$$)
LG Solar $$$
Canadian Solar $$$
JA Solar $$
Mission Solar $$
Panasonic $$
Q Cells $$
REC $$$
Silfab $$$
SunPower $$$$$
Tesla $$
Trina Solar $$$

Ready to see what going solar will cost for your specific Virginia home? You can get a quotation below based on your energy needs and expectations.

 

People Also Ask

FAQ: Solar Panel Cost Virginia

The EcoWatch team gets tons of questions from Virginia homeowners about going solar and the costs associated with the conversion. Below are some of the more common questions we see, along with our responses.

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Karsten Neumeister

Solar Expert

Karsten Neumeister is a solar energy specialist with a background in writing and the humanities. Before joining EcoWatch, Karsten worked in the renewable energy sector of New Orleans, focusing on solar energy policy and technology. A lover of music and the outdoors, Karsten might be found rock climbing, canoeing or writing songs when away from the workplace.