Solar Panel Cost Guide in Mount Hermon, VA (2024 Update)

  • Mount Hermon Solar Installation Cost: $19,269
  • 25-Year Savings: $23,599
  • Payback Period: 12.6 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 Mount Hermon

We go over average solar pricing in Mount Hermon.

The average cost of a solar system in Mount Hermon is 4 per watt.The average solar panel system size in Mount Hermon is around 7.7 kilowatts, meaning a cost of about $19,269 for a solar installation, or $27,555 before the 0 federal solar tax credit is applied.

How much you pay can go above or below the average in Mount Hermon depending on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a solid investment. The average homeowner in Mount Hermon can save around $19,000 on their electricity bills over 20 years.

You can click the button below to get connected with a top solar company in Mount Hermon that can help you get a more accurate cost estimate for your home.

Solar savings over time in Mount Hermon

Year Return on Investment
1 years $-17,849
3 years $-15,010
5 years $-12,171
7 years $-9,331
9 years $-6,492
11 years $-3,652
13 years $-813
15 years $2,026
17 years $4,866
19 years $7,705
21 years $10,545
23 years $13,384
25 years $16,223

Top Solar Installers in Mount Hermon

Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Using a solar panel installer can make converting to solar power much easier. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy needs, but working with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.

You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Mount Hermon:

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 Mount Hermon

Factors that Affect Solar Panel Costs in Mount Hermon

Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Mount Hermon: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.

Solar Equipment

The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,590. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Most solar installers in Mount Hermon offer solar loans, which reduce the initial cost of installing solar panels.Though solar loans make going solar more accessible for Mount Hermon homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

Lastly, the company you opt for to install your solar panels can affect the cost. Mount Hermon’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.

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 $14,335 13.1 years
8 kW $3.66 $20,506 $19,515 12.8 years
10 kW $3.59 $25,130 $24,897 12.6 years
12 kW $3.52 $29,553 $30,479 12.3 years
14 kW $3.45 $33,775 $36,263 12.1 years
16 kW $3.37 $37,796 $42,247 11.8 years
18 kW $3.30 $41,615 $48,433 11.6 years
20 kW $3.23 $45,234 $54,819 11.3 years

How to Save on Solar Panels

There are many companies to choose from in Mount Hermon, 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:

  • Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
  • Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
  • Warranty: If you care about the endurance of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.

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 Mount Hermon, VA Solar Cost FAQs

How much does it cost to install solar panels in Mount Hermon?

This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $17,950 for a 5-kW system and $35,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

Should I lease or buy solar panels in Mount Hermon?

Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.

How much can I save on power bills after installing solar panels?

Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,000.53 per year.

How long do solar panels last in Mount Hermon?

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 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.

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