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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 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 Loch Lomond

Find out what the average cost of installing solar panels is in Loch Lomond.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Loch Lomond, the typical cost of a solar system is $3 per watt. To account for the typical energy needs of the average home in Loch Lomond, most homeowners require a 8.0-kilowatt system. Using the figure above, a solar installation costs around $15,361, or $11,367 after the federal solar tax credit of 30% is applied.

Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of solar system you want to get, your solar contractor and more. Despite the significant initial cost, the average Loch Lomond homeowner can save around $17,000 on their energy bills over 20 years, which is one of the perks of solar.

To calculate your potential savings and connect with a local solar installer, click the button below.

Solar savings over time in Loch Lomond

Year Return on Investment
1 years $-13,957
3 years $-11,147
5 years $-8,337
7 years $-5,527
9 years $-2,717
11 years $93
13 years $2,903
15 years $5,713
17 years $8,523
19 years $11,333
21 years $14,143
23 years $16,953
25 years $19,762

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:

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 (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 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.

Solar Equipment

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.

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 (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Loch Lomond, VA Solar Cost FAQs

What is the average cost of installing solar panels in Loch Lomond?

This is a tough question to answer precisely, because the cost depends on many factors. Generally 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

What other factors should I consider other than cost when buying solar panels?

Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.

Can you sell solar power back to the grid in Loch Lomond?

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

How long do solar panels last in Loch Lomond?

Even though 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 their energy production will have decreased significantly after that point. You can decide 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.

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