Solar Panel Cost Guide in Abingdon, VA (Feb 2023)
- Abingdon Solar Installation Cost: $15,727
- 25-Year Savings: $20,110
- Payback Period: 11.0 Years
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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:
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.
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.
EcoWatch's Abingdon, VA 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.