Solar Panel Cost Guide in Lake Landor, VA (2023 Update)
- Lake Landor Solar Installation Cost: $15,150
- 25-Year Savings: $19,429
- Payback Period: 11.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Lake Landor
We go over average solar pricing in Lake Landor.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lake Landor, the average cost of a solar system is 2.75 per watt. The average solar panel system size in Lake Landor is around 7.9 kilowatts, meaning a cost of about $15,150 for a solar installation, or $21,664 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you may look different based on your specific situation and what company you choose to go with. With typical savings of about $17,000 on power bills over 20 years, many homeowners in Lake Landor find going solar has a decent ROI.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Lake Landor
| Year | Return on Investment |
|---|---|
| 1 years | $-13,767 |
| 3 years | $-11,000 |
| 5 years | $-8,234 |
| 7 years | $-5,468 |
| 9 years | $-2,701 |
| 11 years | $65 |
| 13 years | $2,831 |
| 15 years | $5,597 |
| 17 years | $8,364 |
| 19 years | $11,130 |
| 21 years | $13,896 |
| 23 years | $16,662 |
| 25 years | $19,429 |
Top Solar Installers in Lake Landor
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Going with a solar panel installer can make converting to solar power much easier. A solar company can also help save you money over time by offering warranties, repairs and part replacements.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Lake Landor
Factors that Affect Solar Panel Costs in Lake Landor
There are a number of criteria 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 installs your solar panels.
Solar Equipment
The cost of solar panels 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 with higher efficiency or power generation 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. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Lake Landor, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Lake Landor, and each can charge different amounts for labor and equipment. Some companies 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 at a higher cost. It's best to do some research and find a company that has the products, warranties and services you're looking for 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 | $14,343 | 11.4 years |
| 8 kW | $2.81 | $15,708 | $19,432 | 11.2 years |
| 10 kW | $2.75 | $19,250 | $24,675 | 11.0 years |
| 12 kW | $2.69 | $22,638 | $30,072 | 10.7 years |
| 14 kW | $2.64 | $25,872 | $35,624 | 10.5 years |
| 16 kW | $2.58 | $28,952 | $41,329 | 10.3 years |
| 18 kW | $2.53 | $31,878 | $47,188 | 10.1 years |
| 20 kW | $2.48 | $34,650 | $53,201 | 9.9 years |
How to Save on Solar Panels
There are a lot of companies available in Lake Landor, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: If you care about the longevity of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Lake Landor, VA Solar Cost FAQs
What is the average cost of installing solar panels in Lake Landor?
The average cost of solar panels in Lake Landor 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 use.
Is it better to lease or buy solar panels in Lake Landor?
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.
Can solar panels significantly reduce my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Lake Landor, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using 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.