Solar Panel Cost Guide in Hollymead, VA (Feb 2023)
- Hollymead Solar Installation Cost: $15,073
- 25-Year Savings: $20,318
- Payback Period: 10.6 Years
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Top Solar Installers in Hollymead
Trying to install solar panels yourself can be a challenging undertaking, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you're unsure what type of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
See all of the solar companies in Hollymead
Factors that Affect Solar Panel Costs in Hollymead
For many Hollymead homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Hollymead, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,750. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Hollymead, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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 out of pocket can be difficult. Solar loans are available from most installers in Hollymead, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Hollymead is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services for different budgets. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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||$15,112||11.1 years|
|8 kW||$2.81||$15,708||$20,458||10.9 years|
|10 kW||$2.75||$19,250||$25,957||10.6 years|
|12 kW||$2.69||$22,638||$31,611||10.4 years|
|14 kW||$2.64||$25,872||$37,418||10.2 years|
|16 kW||$2.58||$28,952||$43,380||10.0 years|
|18 kW||$2.53||$31,878||$49,495||9.8 years|
|20 kW||$2.48||$34,650||$55,765||9.6 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 pick the right company for you, here are some tips to keep in mind:
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Installation Process: Make sure you're on the same page with the company in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
EcoWatch's Hollymead, 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.