Solar Panel Cost Guide in Franconia, VA (2024 Update)
- Franconia Solar Installation Cost: $20,263
- 25-Year Savings: $19,711
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Franconia
Here’s how much it might cost to go solar in Franconia.
While the national average of solar panels is $2.66 per watt, solar panels in Franconia generally cost about 4.The average Franconia homeowner needs a 8.1-kilowatt system, which would cost about $20,263 with the federal tax credit, or $28,976 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary based on a few factors, such as what size system you need, your energy consumption and what company you go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $17,000 over 20 years on electricity bills.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Franconia
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 Franconia
When switching to solar energy, many homeowners prefer to go with a solar installer since installing a solar system yourself can be a time-consuming project. Another advantage of going with a solar installer is that they can help you make the most of your ROI by bringing down your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
If you’d like to switch to solar energy but still aren’t certain which solar panel company to go with, here are our recommendations for providers in Franconia:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Franconia
Factors that Affect Solar Panel Costs in Franconia
For many Franconia homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Franconia, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,590. The type of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Moreover, solar equipment goes beyond 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 looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Franconia to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time because of interest.However, the interest on solar loans also increases your overall costs, so it’s crucial to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Franconia is the company you choose to install your solar system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that offer a range of services for different budgets.The company’s size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Franconia, VA Solar Cost FAQs
What is the average cost of installing solar panels in Franconia?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,950 for a 5-kW system and $35,900 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Franconia?
Leasing solar panels can be an option if you can’t 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 property 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 savings from going solar.
Is it worth going solar in Franconia?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.