Solar Panel Cost Guide in King George, VA (2023 Update)
- King George Solar Installation Cost: $15,101
- 25-Year Savings: $22,035
- Payback Period: 10.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in King George
Let's take a look at the average cost of solar panels in King George.
The average cost of a solar panel system in King George is 2.75 per watt. Because a 7.8-kW system is needed to cover the energy usage of a typical home in King George, the average price of going solar will be about $15,092 after claiming the federal solar tax credit of 30%.
The true price you pay can be higher or lower than the average in King George based on several factors, such as the model of solar panels you choose and the solar contractor you hire. With typical savings of about $18,000 on energy bills over 20 years, many homeowners in King George find investing in solar has a decent ROI.
To receive a free quote from a top solar installation company in King George, you can click the button below.
Solar savings over time in King George
| Year | Return on Investment |
|---|---|
| 1 years | $-14,977 |
| 3 years | $-14,730 |
| 5 years | $-14,482 |
| 7 years | $-14,235 |
| 9 years | $-13,987 |
| 11 years | $-13,740 |
| 13 years | $-13,492 |
| 15 years | $-13,244 |
| 17 years | $-12,997 |
| 19 years | $-12,749 |
| 21 years | $-12,502 |
| 23 years | $-12,254 |
| 25 years | $-12,007 |
Top Solar Installers in King George
Although it's possible to install solar panels yourself, it involves extra effort and expertise. That's one of the reasons most homeowners choose to go with a solar panel installer. A solar installer can also help save you money in the long run by offering warranties, repairs and part replacements.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
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 King George
Factors that Affect Solar Panel Costs in King George
For many King George homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in King George, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production 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. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like King George, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in King George to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time due to interest. Even though solar loans make going solar more accessible for King George homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in King George, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in King George know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $16,391 | 10.6 years |
| 8 kW | $2.81 | $15,708 | $22,163 | 10.4 years |
| 10 kW | $2.75 | $19,250 | $28,089 | 10.2 years |
| 12 kW | $2.69 | $22,638 | $34,168 | 10.0 years |
| 14 kW | $2.64 | $25,872 | $40,402 | 9.8 years |
| 16 kW | $2.58 | $28,952 | $46,790 | 9.6 years |
| 18 kW | $2.53 | $31,878 | $53,332 | 9.4 years |
| 20 kW | $2.48 | $34,650 | $60,027 | 9.1 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose greatly influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It's important to look over 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 cost.
- Solar Panel Brands: The type of solar panel you want to get plays a part in which company you should go with, since different companies have access to different panels.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's King George, VA Solar Cost FAQs
What is the average cost of installing solar panels in King George?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $13,750 for a 5-kW system and $27,500 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in King George?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.