Solar Panel Cost Guide in Abingdon, VA (2023 Update)
- Abingdon Solar Installation Cost: $15,727
- 25-Year Savings: $20,110
- Payback Period: 11.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Abingdon
Let's take a look at the average cost of solar panels in Abingdon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Abingdon, the typical cost of a solar system is 2.75 per watt. The average solar panel system size in Abingdon is around 8.2 kilowatts, meaning a cost of about $15,727 for a solar installation, or $22,490 before the 30% federal solar tax credit is applied.
The actual price you pay can go higher or lower than the average in Abingdon based on several factors, such as the model of solar panels you choose and the solar contractor you hire. With typical savings of about $17,000 on power bills over 20 years, many homeowners in Abingdon find going solar can pay off big.
To receive a free estimate from a top solar installation company in Abingdon, you can click the button below.
Solar savings over time in Abingdon
| Year | Return on Investment |
|---|---|
| 1 years | $-14,294 |
| 3 years | $-11,427 |
| 5 years | $-8,560 |
| 7 years | $-5,693 |
| 9 years | $-2,826 |
| 11 years | $41 |
| 13 years | $2,908 |
| 15 years | $5,775 |
| 17 years | $8,642 |
| 19 years | $11,509 |
| 21 years | $14,376 |
| 23 years | $17,243 |
| 25 years | $20,110 |
Top Solar Installers in Abingdon
Installing solar panels on your own can be a challenging project, which is why using a solar installer is a good option for many homeowners. Some solar installers, especially local ones, can help you make the most of incentives in Abingdon, therefore optimizing your ROI.
If you'd like to make the switch to solar but still aren't sure which solar system company to go with, here are our recommendations for providers in Abingdon:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Abingdon
Factors that Affect Solar Panel Costs in Abingdon
Even though the average cost of a solar system in Abingdon is $15,727, your final cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,750. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Abingdon average.
Solar Financing Terms
Many homeowners find the average cost of solar in Abingdon to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. However, the interest on solar loans also adds to your total costs, so it's crucial to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Abingdon is the company you choose to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, you'll have many options for solar installers that offer a range of services for different budgets. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $2.86 | $12,012 | $14,316 | 11.4 years |
| 8 kW | $2.81 | $15,708 | $19,396 | 11.2 years |
| 10 kW | $2.75 | $19,250 | $24,630 | 11.0 years |
| 12 kW | $2.69 | $22,638 | $30,018 | 10.7 years |
| 14 kW | $2.64 | $25,872 | $35,560 | 10.5 years |
| 16 kW | $2.58 | $28,952 | $41,256 | 10.3 years |
| 18 kW | $2.53 | $31,878 | $47,106 | 10.1 years |
| 20 kW | $2.48 | $34,650 | $53,110 | 9.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Abingdon, VA Solar Cost FAQs
What is the average cost of installing solar panels in Abingdon?
The average cost of solar panels in Abingdon is about $13,750 for a 5-kW system and $27,500 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Abingdon, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of 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 keep using 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.