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

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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Average Cost of Solar Panels in Lowes Island

We go over average solar pricing in Lowes Island.

Although the national average of solar panels is $2.66 per watt, solar panels in Lowes Island generally cost around $3. The average solar panel system size in Lowes Island is around 8.1 kilowatts, meaning a cost of about $15,650 for a solar installation, or $11,581 after the 30% federal solar tax credit is applied.

The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of installing solar panels can vary depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with. But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on utility bills.

You can click the button below to get connected with a pre-vetted solar company in Lowes Island that can help you get a more accurate cost estimate for your home.

Solar savings over time in Lowes Island

Year Return on Investment
1 years $-14,202
3 years $-11,306
5 years $-8,410
7 years $-5,513
9 years $-2,617
11 years $279
13 years $3,176
15 years $6,072
17 years $8,968
19 years $11,865
21 years $14,761
23 years $17,657
25 years $20,554

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:

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 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.

Solar Equipment

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.

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 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 $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 things like the model of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Lowes Island?

Solar panels aren't free in Lowes Island, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

Does Lowes Island have a net metering program?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.

How long do solar panels last in Lowes Island?

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 the amount of 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.

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