Solar Panel Cost Guide in Madison Heights, VA (2024 Update)

  • Madison Heights Solar Installation Cost: $19,443
  • 25-Year Savings: $22,669
  • Payback Period: 12.9 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated June 24, 2024

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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 Madison Heights

We break down average solar pricing in Madison Heights.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Madison Heights, the typical cost of a solar system is 4 per watt.The average Madison Heights homeowner needs a 7.7-kilowatt system, which would cost about $19,443 with the federal tax credit, or $27,803 before the 0 tax credit is applied.

How much you pay can be higher or lower than the average in Madison Heights depending on a few factors, such as the model of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Madison Heights can save about $18,000 on their power bills over 20 years.

You can click the button below to get connected with a vetted solar company in Madison Heights for a quote for your home.

Solar savings over time in Madison Heights

YearReturn on Investment
1 years$-18,023
3 years$-15,184
5 years$-12,344
7 years$-9,505
9 years$-6,666
11 years$-3,826
13 years$-987
15 years$1,853
17 years$4,692
19 years$7,531
21 years$10,371
23 years$13,210
25 years$16,050

Top Solar Installers in Madison Heights

Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Hiring an installer can make your switch to solar power much easier. Some solar installers, particularly local ones, can help you better understand incentives in Madison Heights, therefore optimizing your ROI.

You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Madison Heights:

Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2
  • 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 Madison Heights

Factors that Affect Solar Panel Costs in Madison Heights

For many Madison Heights homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Madison Heights, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,590. The type of solar panels and equipment you choose is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, 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’s in your budget.

Solar Financing Terms

If paying for a solar system in cash is difficult, solar loans are a popular option because they decrease your upfront costs and let you pay for your system over five to seven years on average.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 original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.

Solar Panel Installation Company

A final factor to consider when trying to evaluate the cost of solar for your home or business in Madison Heights is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services at different price points.The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.73$15,681$13,44913.5 years
8 kW$3.66$20,506$18,33413.2 years
10 kW$3.59$25,130$23,42012.9 years
12 kW$3.52$29,553$28,70712.7 years
14 kW$3.45$33,775$34,19512.4 years
16 kW$3.37$37,796$39,88412.2 years
18 kW$3.30$41,615$45,77511.9 years
20 kW$3.23$45,234$51,86611.6 years

How to Save on Solar Panels

There are a lot of companies available in Madison Heights, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:

  • Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
  • Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
  • Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
  • Solar Panel Brands: Different companies offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.

Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2
  • 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 Madison Heights, VA Solar Cost FAQs

What is the average cost of installing solar panels in Madison Heights?

The average cost of solar panels in Madison Heights is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.

Can you get solar panels for free in Madison Heights?

You can’t get solar panels for free in Madison Heights. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.

Can you sell solar power back to the grid in Madison Heights?

The majority of states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future energy 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 Madison Heights?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.

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.