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 February 03, 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.

The average cost of a solar panel system in Madison Heights is 4 per watt.Because a 7.7-kW system is needed to cover the energy usage of a typical home in Madison Heights, the average price of going solar will be about $19,443 after claiming the federal solar tax credit of 0.

How much you pay can go higher or lower than the average in Madison Heights based on several factors, such as the brand of solar panels you choose and the solar contractor you hire.With typical savings of about $18,000 on power bills over 20 years, many homeowners in Madison Heights find installing solar panels can be quite rewarding.

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

Solar savings over time in Madison Heights

Year Return 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

When making the switch to solar, many homeowners decide to go with a solar installer since overseeing your solar installation yourself can be a time-consuming project. The payback period on a solar system will vary based on factors like your roof configuration and energy usage, but working with a solar company can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.

If you’d like to make the switch to solar but still aren’t sure which solar panel installer to go with, here are our suggestions for providers near you:

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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Madison Heights

Factors that Affect Solar Panel Costs in Madison Heights

The cost of installing a solar system in Madison Heights can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.

Solar Equipment

When it comes to estimating the cost of a solar energy system in Madison Heights, one of the most crucial 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 consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,590 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Madison Heights, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.

Solar Panel Installation Company

The solar installer you opt for to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Madison Heights, and each can charge different amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 $3.73 $15,681 $13,449 13.5 years
8 kW $3.66 $20,506 $18,334 13.2 years
10 kW $3.59 $25,130 $23,420 12.9 years
12 kW $3.52 $29,553 $28,707 12.7 years
14 kW $3.45 $33,775 $34,195 12.4 years
16 kW $3.37 $37,796 $39,884 12.2 years
18 kW $3.30 $41,615 $45,775 11.9 years
20 kW $3.23 $45,234 $51,866 11.6 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 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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

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 stuff like the type 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?

A solar panel system isn’t free in Madison Heights, but there are some options that can make getting them more affordable, 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 Madison Heights have a net metering program?

The majority of states offer net metering programs of some kind. Through these, you can be compensated 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 Madison Heights?

On average, the lifespan of solar panels is 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 amount 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.

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