Solar Panel Cost Guide in Crosspointe, VA (2023 Update)
- Crosspointe Solar Installation Cost: $15,515
- 25-Year Savings: $21,086
- Payback Period: 10.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Crosspointe
Find out what the average cost of solar panel installation is in Crosspointe.
Although the national average of solar panels is $2.66 per watt, solar panels in Crosspointe generally cost around 2.75. To cover the typical energy usage of the average home in Crosspointe, most homeowners require a 8.1-kilowatt system. Using the figure above, a solar installation costs about $15,515, or $22,186 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of going solar can vary based on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with. Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Crosspointe can save around $17,000 on their power bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Crosspointe for a quote for your home.
Solar savings over time in Crosspointe
| Year | Return on Investment |
|---|---|
| 1 years | $-14,051 |
| 3 years | $-11,123 |
| 5 years | $-8,195 |
| 7 years | $-5,267 |
| 9 years | $-2,339 |
| 11 years | $589 |
| 13 years | $3,517 |
| 15 years | $6,445 |
| 17 years | $9,374 |
| 19 years | $12,302 |
| 21 years | $15,230 |
| 23 years | $18,158 |
| 25 years | $21,086 |
Top Solar Installers in Crosspointe
Trying to install solar panels on your own can be a difficult project, which is why getting a solar installer is a good option for many homeowners. Plus, if you're unsure what brand of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Crosspointe
Factors that Affect Solar Panel Costs in Crosspointe
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Crosspointe: 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 system in Crosspointe, one of the most crucial 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 figure out by looking at past power bills. Your total cost can increase by around $2,750 for each additional kilowatt you need. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Crosspointe average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Crosspointe homeowners decide to finance their solar panel systems to offset upfront costs. It's wise to include 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 off the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies in Crosspointe, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $15,224 | 11.0 years |
| 8 kW | $2.81 | $15,708 | $20,607 | 10.8 years |
| 10 kW | $2.75 | $19,250 | $26,143 | 10.6 years |
| 12 kW | $2.69 | $22,638 | $31,834 | 10.4 years |
| 14 kW | $2.64 | $25,872 | $37,679 | 10.2 years |
| 16 kW | $2.58 | $28,952 | $43,677 | 10.0 years |
| 18 kW | $2.53 | $31,878 | $49,830 | 9.8 years |
| 20 kW | $2.48 | $34,650 | $56,137 | 9.5 years |
How to Save on Solar Panels
There are numerous companies to choose from in Crosspointe, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: If you care about the endurance of your solar system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
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 Crosspointe, VA Solar Cost FAQs
What is the average cost of installing solar panels in Crosspointe?
The average cost of solar panels in Crosspointe 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 things such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Crosspointe?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.