Solar Panel Cost Guide in Collinsville, VA (2024 Update)
- Collinsville Solar Installation Cost: $19,281
- 25-Year Savings: $21,576
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Collinsville
Find out what the average cost of solar panel installation is in Collinsville.
The average cost of a solar panel system in Collinsville is 4 per watt.To account for the typical energy usage of the average home in Collinsville, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $19,281, or $27,572 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of solar panels you want, your solar contractor and more.Even with the large upfront cost, the average Collinsville homeowner can save around $18,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar company in Collinsville for a quote for your home.
Solar savings over time in Collinsville
| Year | Return on Investment |
|---|---|
| 1 years | $-17,862 |
| 3 years | $-15,022 |
| 5 years | $-12,183 |
| 7 years | $-9,344 |
| 9 years | $-6,504 |
| 11 years | $-3,665 |
| 13 years | $-825 |
| 15 years | $2,014 |
| 17 years | $4,853 |
| 19 years | $7,693 |
| 21 years | $10,532 |
| 23 years | $13,372 |
| 25 years | $16,211 |
Top Solar Installers in Collinsville
Although you can install solar panels on your own, it involves extra time and handiness. That's why most people choose to go with a solar panel installer. The payback period on a solar system will vary based on factors like your location and energy needs, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
If you’d like to switch to solar energy but still aren’t sure which solar panel company to go with, here are our suggestions for providers in Collinsville:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- 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 Collinsville
Factors that Affect Solar Panel Costs in Collinsville
Though the average cost of a solar system in Collinsville is $19,281, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the cost of solar panels in Collinsville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can figure out by looking at past energy bills. Your overall cost can increase by about $3,590 for each additional kilowatt you need.There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Collinsville homeowners choose to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also increases your all-in costs, so it’s vital to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can play a part in determining the cost. Collinsville’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Collinsville are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $12,741 | 13.8 years |
| 8 kW | $3.66 | $20,506 | $17,390 | 13.5 years |
| 10 kW | $3.59 | $25,130 | $22,240 | 13.3 years |
| 12 kW | $3.52 | $29,553 | $27,291 | 13.0 years |
| 14 kW | $3.45 | $33,775 | $32,543 | 12.7 years |
| 16 kW | $3.37 | $37,796 | $37,996 | 12.5 years |
| 18 kW | $3.30 | $41,615 | $43,651 | 12.2 years |
| 20 kW | $3.23 | $45,234 | $49,506 | 11.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Collinsville, VA Solar Cost FAQs
What is the average cost of installing solar panels in Collinsville?
The average cost of solar panels in Collinsville 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 such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs 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 install 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.