Solar Panel Cost Guide in Lowes Island, VA (2025 Update)
- Lowes Island Solar Installation Cost: $20,419
- 25-Year Savings: $20,562
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Lowes Island
Let’s take a look at the average cost of solar in Lowes Island.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lowes Island, the average cost of a solar system is 4 per watt.To cover the typical energy usage of the average home in Lowes Island, most homeowners require a 8.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $20,419, or $29,199 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary based on several factors, such as how many panels you need, your energy usage and what company you go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Lowes Island can save around $17,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Lowes Island
| Year | Return on Investment |
|---|---|
| 1 years | $-18,820 |
| 3 years | $-15,622 |
| 5 years | $-12,424 |
| 7 years | $-9,226 |
| 9 years | $-6,029 |
| 11 years | $-2,831 |
| 13 years | $367 |
| 15 years | $3,565 |
| 17 years | $6,763 |
| 19 years | $9,961 |
| 21 years | $13,159 |
| 23 years | $16,357 |
| 25 years | $19,554 |
Top Solar Installers in Lowes Island
When making the switch to solar, many homeowners choose to hire a solar installation company since installing solar panels yourself can be a challenging project. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Lowes Island:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Lowes Island
Factors that Affect Solar Panel Costs in Lowes Island
There are several criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $3,590 per kilowatt in Lowes Island.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Lowes Island, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of 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
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Lowes Island, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your total costs, so it’s important to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can influence the cost. Lowes Island’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Lowes Island have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $3.73 | $15,681 | $11,052 | 14.7 years |
| 8 kW | $3.66 | $20,506 | $15,139 | 14.4 years |
| 10 kW | $3.59 | $25,130 | $19,426 | 14.1 years |
| 12 kW | $3.52 | $29,553 | $23,914 | 13.8 years |
| 14 kW | $3.45 | $33,775 | $28,604 | 13.5 years |
| 16 kW | $3.37 | $37,796 | $33,494 | 13.3 years |
| 18 kW | $3.30 | $41,615 | $38,585 | 13.0 years |
| 20 kW | $3.23 | $45,234 | $43,878 | 12.7 years |
How to Save on Solar Panels
There are many companies available in Lowes Island, 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:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Lowes Island, VA Solar Cost FAQs
How much does it cost to install solar panels in Lowes Island?
The average cost of solar panels in Lowes Island is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Lowes Island?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
How will solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lowes Island is currently $884,932, which means you can expect a value of about $36,282 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Lowes Island is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.