Solar Panel Cost Guide in Gloucester Point, VA (2023 Update)
- Gloucester Point Solar Installation Cost: $14,452
- 25-Year Savings: $21,752
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Gloucester Point
We break down average solar pricing in Gloucester Point.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Gloucester Point, the average cost of a solar system is 2.75 per watt. Since a 7.5-kW system is needed to cover the energy usage of a typical home in Gloucester Point, the average price of going solar will be about $14,457 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Gloucester Point see about $18,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar company in Gloucester Point for a custom estimate.
Solar savings over time in Gloucester Point
| Year | Return on Investment |
|---|---|
| 1 years | $-12,853 |
| 3 years | $-9,655 |
| 5 years | $-6,457 |
| 7 years | $-3,259 |
| 9 years | $-61 |
| 11 years | $3,137 |
| 13 years | $6,335 |
| 15 years | $9,532 |
| 17 years | $12,730 |
| 19 years | $15,928 |
| 21 years | $19,126 |
| 23 years | $22,324 |
| 25 years | $25,522 |
Top Solar Installers in Gloucester Point
Installing solar panels yourself can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. Plus, if you're not certain what kind of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Gloucester Point
Factors that Affect Solar Panel Costs in Gloucester Point
Though the average cost of a solar system in Gloucester Point is $14,457, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,750 per kilowatt in Gloucester Point. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Gloucester Point, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Gloucester Point, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you choose will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and find a company that offers the products, warranties and services you want and also is within your budget.
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 | $16,922 | 10.4 years |
| 8 kW | $2.81 | $15,708 | $22,871 | 10.2 years |
| 10 kW | $2.75 | $19,250 | $28,974 | 10.0 years |
| 12 kW | $2.69 | $22,638 | $35,231 | 9.8 years |
| 14 kW | $2.64 | $25,872 | $41,641 | 9.6 years |
| 16 kW | $2.58 | $28,952 | $48,206 | 9.4 years |
| 18 kW | $2.53 | $31,878 | $54,925 | 9.2 years |
| 20 kW | $2.48 | $34,650 | $61,798 | 9.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Contract: Before signing a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Gloucester Point, VA Solar Cost FAQs
What is the average cost of installing solar panels in Gloucester Point?
The average cost of solar panels in Gloucester Point is about $13,750 for a 5-kW system and $27,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Gloucester Point?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The downside 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Gloucester Point?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.