Solar Panel Cost Guide in Loch Lomond, VA (Feb 2023)
- Loch Lomond Solar Installation Cost: $15,361
- 25-Year Savings: $19,762
- Payback Period: 10.9 Years
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Top Solar Installers in Loch Lomond
Installing solar panels on your own can be a stressful task, which is why hiring a solar installer is a good option for many homeowners. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Loch Lomond
Factors that Affect Solar Panel Costs in Loch Lomond
For many Loch Lomond homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Loch Lomond, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
When it comes to estimating the cost of a solar energy system in Loch Lomond, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by around $2,750 for each additional kilowatt you need. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Loch Lomond average.
Solar Financing Terms
Most solar installers in Loch Lomond provide solar loans, which reduce the initial cost of installing solar panels. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installer you choose will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Loch Lomond have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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||$14,410||11.4 years|
|8 kW||$2.81||$15,708||$19,522||11.1 years|
|10 kW||$2.75||$19,250||$24,787||10.9 years|
|12 kW||$2.69||$22,638||$30,207||10.7 years|
|14 kW||$2.64||$25,872||$35,780||10.5 years|
|16 kW||$2.58||$28,952||$41,507||10.3 years|
|18 kW||$2.53||$31,878||$47,389||10.1 years|
|20 kW||$2.48||$34,650||$53,424||9.8 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:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
EcoWatch's Loch Lomond, 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.