Solar Panel Cost Guide in Lowes Island, VA (Feb 2023)
- Lowes Island Solar Installation Cost: $15,650
- 25-Year Savings: $20,554
- Payback Period: 10.8 Years
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Top Solar Installers in Lowes Island
Although you can install solar panels yourself, it takes extra energy and handiness. That's why most homeowners choose a solar panel installer. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be right for your home.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in Lowes Island
Factors that Affect Solar Panel Costs in Lowes Island
Even though the average cost of a solar system in Lowes Island is $15,650, your final cost may differ. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
When it comes to estimating the cost of a solar energy system in Lowes Island, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can determine by looking at past energy bills. Your total cost can increase by around $2,750 for each additional kilowatt you need. The model of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Lowes Island homeowners choose to finance their solar panel systems to make going solar more affordable. 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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Lowes Island, and each can charge different amounts for labor and equipment. Larger national companies generally 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 additional services like electric car 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||$2.86||$12,012||$14,722||11.2 years|
|8 kW||$2.81||$15,708||$19,937||11.0 years|
|10 kW||$2.75||$19,250||$25,306||10.8 years|
|12 kW||$2.69||$22,638||$30,829||10.6 years|
|14 kW||$2.64||$25,872||$36,506||10.4 years|
|16 kW||$2.58||$28,952||$42,337||10.2 years|
|18 kW||$2.53||$31,878||$48,323||9.9 years|
|20 kW||$2.48||$34,650||$54,462||9.7 years|
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Companies that have been in business for many years likely have a solid 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 support, such as part repairs and replacements.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
EcoWatch's Lowes Island, 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.