Solar Panel Cost Guide in Chesapeake, VA (Oct 2022)

  • Chesapeake Solar Installation Cost: $14,052
  • 25-Year Savings: $22,151
  • Payback Period: 9.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Chesapeake

We break down average solar pricing in Chesapeake.

In Chesapeake, solar panels cost about $3 per watt on average. The average solar panel system size in Chesapeake is around 7.3 kilowatts, meaning a cost of about $14,052 for a solar installation, or $10,398 after the 30% federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average Chesapeake homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, once you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $19,000 over 20 years on power bills.

You can click the button below to get connected with a pre-vetted solar company in Chesapeake that can help you get a more accurate cost estimate for your home.

Solar savings over time in Chesapeake

Year Return on Investment
1 years $-12,604
3 years $-9,708
5 years $-6,812
7 years $-3,915
9 years $-1,019
11 years $1,877
13 years $4,773
15 years $7,670
17 years $10,566
19 years $13,462
21 years $16,359
23 years $19,255
25 years $22,151

Top Solar Installers in Chesapeake

Installing solar panels on your own can be a dangerous project, which is why hiring a solar installer 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 due to their warranties, repair services and expert design.

There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:

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 (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Chesapeake

Factors that Affect Solar Panel Costs in Chesapeake

Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Chesapeake: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment

The size of the solar energy system you need for your household is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,750. There are several different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

If paying for solar panels in cash is too expensive, solar loans are a solid choice because they reduce your upfront costs and let you pay for your system over five to seven years on average. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.

Solar Panel Installation Company

Finally, the company you hire to install your solar system can impact how much it costs. Chesapeake's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.

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 $17,753 10.1 years
8 kW $2.81 $15,708 $23,979 9.9 years
10 kW $2.75 $19,250 $30,359 9.7 years
12 kW $2.69 $22,638 $36,892 9.5 years
14 kW $2.64 $25,872 $43,580 9.3 years
16 kW $2.58 $28,952 $50,422 9.1 years
18 kW $2.53 $31,878 $57,418 8.9 years
20 kW $2.48 $34,650 $64,567 8.7 years

How to Save on Solar Panels

There are a large number of companies available in Chesapeake, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:

  • Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
  • Installation Process: When making the switch to solar energy, it's crucial to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the completion timeline.
  • Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
  • Contract: Look through the contract terms carefully to make sure you understand the overall cost, project completion timeline incentives and warranties.

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 (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Chesapeake, VA Solar Cost FAQs

How much does it cost to install solar panels in Chesapeake?

This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $13,750 for a 5-kW system and $27,500 for a 10-kW system after the ITC is applied. It will cost more if you want other 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 less expensive solar panels.

Should I lease or buy solar panels in Chesapeake?

Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.

How will installing solar panels impact how much my home is worth?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Chesapeake is currently $263,694, so you can look forward to a value of about $10,811 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Chesapeake is a fruitful investment.

How often do you have to replace solar panels?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.

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