Solar Panel Cost Guide in Danville, VA (Feb 2023)
- Danville Solar Installation Cost: $14,707
- 25-Year Savings: $24,084
- Payback Period: 9.5 Years
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Top Solar Installers in Danville
Although it's possible to install solar panels on your own, it requires extra effort and knowledge. Because of that, the majority of homeowners choose a solar panel installer. In addition, if you'd like to maximize your investment in solar, going with a solar company can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
See all of the solar companies in Danville
Factors that Affect Solar Panel Costs in Danville
There are a number of criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,750. The type of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Danville have solar loans, which reduce the initial cost of installing a solar system. 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 last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Danville, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. The company's size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and better 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 discount 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||$18,465||9.9 years|
|8 kW||$2.81||$15,708||$24,927||9.7 years|
|10 kW||$2.75||$19,250||$31,544||9.5 years|
|12 kW||$2.69||$22,638||$38,315||9.3 years|
|14 kW||$2.64||$25,872||$45,240||9.1 years|
|16 kW||$2.58||$28,952||$52,319||8.9 years|
|18 kW||$2.53||$31,878||$59,552||8.7 years|
|20 kW||$2.48||$34,650||$66,938||8.5 years|
How to Save on Solar Panels
The solar panel company you go with will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Contract: Before you sign a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The model of solar panel you need to get plays a part in which company you should go with, since different companies provide different panels.
EcoWatch's Danville, 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.