Solar Panel Cost Guide in Lake Barcroft, VA (2023 Update)

  • Lake Barcroft Solar Installation Cost: $15,515
  • 25-Year Savings: $20,688
  • Payback Period: 10.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 04, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Lake Barcroft

Here's how much it might cost to go solar in Lake Barcroft.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Lake Barcroft, the average cost of a solar system is 2.75 per watt. The average solar panel system size in Lake Barcroft is around 8.1 kilowatts, meaning a cost of about $15,515 for a solar installation, or $22,186 before the 30% federal solar tax credit is applied.

The actual price you pay can go above or below the average in Lake Barcroft based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire. Despite the high upfront cost, the average Lake Barcroft homeowner can save about $17,000 on their electricity bills over 20 years, which is one of the positives of solar.

To get a free quote from a highly rated solar company in Lake Barcroft, you can click the button below.

Solar savings over time in Lake Barcroft

Year Return on Investment
1 years $-14,067
3 years $-11,171
5 years $-8,275
7 years $-5,378
9 years $-2,482
11 years $414
13 years $3,310
15 years $6,207
17 years $9,103
19 years $11,999
21 years $14,896
23 years $17,792
25 years $20,688

Top Solar Installers in Lake Barcroft

Although it's possible to install solar panels on your own, it takes extra time and expertise. That's why most people choose a solar panel installer. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.

Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Lake Barcroft

Factors that Affect Solar Panel Costs in Lake Barcroft

The cost of installing a solar system in Lake Barcroft can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,750. There are several different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Lake Barcroft homeowners decide to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's crucial to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

The solar panel installation company you pick will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.

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 $14,928 11.1 years
8 kW $2.81 $15,708 $20,212 10.9 years
10 kW $2.75 $19,250 $25,650 10.7 years
12 kW $2.69 $22,638 $31,242 10.5 years
14 kW $2.64 $25,872 $36,988 10.3 years
16 kW $2.58 $28,952 $42,888 10.1 years
18 kW $2.53 $31,878 $48,942 9.9 years
20 kW $2.48 $34,650 $55,150 9.6 years

How to Save on Solar Panels

The solar panel company you choose will affect 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 some important things you should consider, including:

  • Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
  • Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Lake Barcroft, VA Solar Cost FAQs

How much does it cost to install solar panels in Lake Barcroft?

The average cost of solar panels in Lake Barcroft 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 things such as the type of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Lake Barcroft?

Leasing solar panels can be an option if you can't afford to pay upfront or secure 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 bang for your buck from going solar.

Does Lake Barcroft have a net metering program?

Most states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

What solar power system size is right for 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 typically 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.

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