Solar Panel Cost Guide in Bailey's Crossroads, VA (2024 Update)

  • Bailey's Crossroads Solar Installation Cost: $20,263
  • 25-Year Savings: $20,682
  • Payback Period: 14.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Bailey's Crossroads

Let’s take a look at the average cost of solar panels in Bailey's Crossroads.

In Bailey's Crossroads, solar panels cost about 4 per watt on average.To cover the typical energy needs of the average home in Bailey's Crossroads, most homeowners require a 8.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $20,263, or $28,976 before the federal solar tax credit of 0 is applied.

These figures are only estimates, and your own solar costs will vary based on your energy needs and what company you go with.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Bailey's Crossroads see about $17,000 in savings on energy bills over 20 years.

For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Bailey's Crossroads

Year Return on Investment
1 years $-18,664
3 years $-15,466
5 years $-12,268
7 years $-9,070
9 years $-5,872
11 years $-2,674
13 years $524
15 years $3,722
17 years $6,919
19 years $10,117
21 years $13,315
23 years $16,513
25 years $19,711

Top Solar Installers in Bailey's Crossroads

Putting up solar panels on your own can be a stressful project, which is why using a solar installation company is a good option for many homeowners. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.

You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Bailey's Crossroads:

Best National Provider

SunPower

★★★★★
5.0

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

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Bailey's Crossroads

Factors that Affect Solar Panel Costs in Bailey's Crossroads

Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Bailey's Crossroads: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.

Solar Equipment

When it comes to estimating the cost of a solar panel system in Bailey's Crossroads, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $3,590 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down 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. Additionally, add-on products, such as solar batteries, can bring your total well above the Bailey's Crossroads average.

Solar Financing Terms

Most solar installers in Bailey's Crossroads have solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.

Solar Panel Installation Company

A final consideration when trying to evaluate the cost of solar for your home or business in Bailey's Crossroads is the company you hire to install your solar panel system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services for different budgets.Additionally, some companies in Bailey's Crossroads are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 $3.73 $15,681 $11,259 14.6 years
8 kW $3.66 $20,506 $15,414 14.3 years
10 kW $3.59 $25,130 $19,770 14.0 years
12 kW $3.52 $29,553 $24,327 13.7 years
14 kW $3.45 $33,775 $29,085 13.4 years
16 kW $3.37 $37,796 $34,045 13.2 years
18 kW $3.30 $41,615 $39,205 12.9 years
20 kW $3.23 $45,234 $44,566 12.6 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:

  • Contract: When looking through your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
  • Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.

Best National Provider

SunPower

★★★★★
5.0

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

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Bailey's Crossroads, VA Solar Cost FAQs

What is the average cost of installing solar panels in Bailey's Crossroads?

The average cost of solar panels in Bailey's Crossroads is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Bailey's Crossroads?

Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.

Is it worth going solar in Bailey's Crossroads?

Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a 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 buy 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.

Follow us