Solar Panel Cost Guide in Lake Land'Or, VA (2024 Update)
- Lake Land'Or Solar Installation Cost: $19,782
- 25-Year Savings: $19,425
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in Lake Land'Or
See how much it might cost to make the switch to solar in Lake Land'Or.
The national average cost of solar panels is $2.66 per watt, but in Lake Land'Or it’s 4 per watt.Since a 7.9-kW system is needed to cover the energy consumption of a typical home in Lake Land'Or, the average price of going solar will be about $19,782 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of equipment you choose, your solar contractor and more.But, after you've paid the initial cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $17,000 over 20 years on energy bills.
Click the button below to get connected to a reputable solar panel company in Lake Land'Or for a customized quote.
Solar savings over time in Lake Land'Or
| Year | Return on Investment |
|---|---|
| 1 years | $-18,146 |
| 3 years | $-14,873 |
| 5 years | $-11,600 |
| 7 years | $-8,327 |
| 9 years | $-5,054 |
| 11 years | $-1,781 |
| 13 years | $1,492 |
| 15 years | $4,765 |
| 17 years | $8,038 |
| 19 years | $11,311 |
| 21 years | $14,584 |
| 23 years | $17,857 |
| 25 years | $21,130 |
Top Solar Installers in Lake Land'Or
When going solar, many homeowners prefer to hire a solar installer since putting up a solar system yourself can be a time-consuming project. Plus, if you’d like to maximize your investment in solar energy, going with a solar installer can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Lake Land'Or
Factors that Affect Solar Panel Costs in Lake Land'Or
There are many factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Lake Land'Or, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
Most solar installers in Lake Land'Or provide solar loans, which reduce your upfront costs of installing a solar system.While solar loans make switching to solar energy more accessible for Lake Land'Or homeowners, they can also raise 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
Lastly, the company you opt for to install your solar panel system can influence the cost. Lake Land'Or’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have 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 | $3.73 | $15,681 | $10,674 | 14.9 years |
| 8 kW | $3.66 | $20,506 | $14,634 | 14.6 years |
| 10 kW | $3.59 | $25,130 | $18,795 | 14.3 years |
| 12 kW | $3.52 | $29,553 | $23,158 | 14.0 years |
| 14 kW | $3.45 | $33,775 | $27,721 | 13.7 years |
| 16 kW | $3.37 | $37,796 | $32,485 | 13.4 years |
| 18 kW | $3.30 | $41,615 | $37,450 | 13.2 years |
| 20 kW | $3.23 | $45,234 | $42,617 | 12.9 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: Companies that have been in business for many years likely have a high 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: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Lake Land'Or, VA Solar Cost FAQs
What is the average cost of installing solar panels in Lake Land'Or?
The average cost of solar panels in Lake Land'Or is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the real 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.
Is it better to lease or buy solar panels in Lake Land'Or?
Leasing solar panels can be an option if you are unable to 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 home 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 financial benefits from going solar.
Can you sell solar power back to the grid in Lake Land'Or?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.