Solar Panel Cost Guide in New Baltimore, VA (2024 Update)
- New Baltimore Solar Installation Cost: $20,158
- 25-Year Savings: $21,359
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in New Baltimore
Find out what the average cost of a solar system is in New Baltimore.
The average cost of a solar panel system in New Baltimore is 4 per watt.To cover the typical energy usage of the average home in New Baltimore, most homeowners require a 8.0-kilowatt system. Using the figure above, a solar installation costs around $20,158, or $28,826 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more.Despite the significant upfront cost, the average New Baltimore homeowner can save around $17,000 on their power bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a top solar installer in New Baltimore that can help you get a more accurate cost estimate for your home.
Solar savings over time in New Baltimore
| Year | Return on Investment |
|---|---|
| 1 years | $-18,559 |
| 3 years | $-15,361 |
| 5 years | $-12,163 |
| 7 years | $-8,965 |
| 9 years | $-5,767 |
| 11 years | $-2,569 |
| 13 years | $628 |
| 15 years | $3,826 |
| 17 years | $7,024 |
| 19 years | $10,222 |
| 21 years | $13,420 |
| 23 years | $16,618 |
| 25 years | $19,816 |
Top Solar Installers in New Baltimore
Trying to put up solar panels yourself can be a time-consuming task, which is why hiring a solar installation company is a good option for many homeowners. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in New Baltimore:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- 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 New Baltimore
Factors that Affect Solar Panel Costs in New Baltimore
There are many criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,590.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like New Baltimore, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in New Baltimore provide solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of financing options, 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can impact your pricing. New Baltimore’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in New Baltimore have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $11,845 | 14.2 years |
| 8 kW | $3.66 | $20,506 | $16,196 | 14.0 years |
| 10 kW | $3.59 | $25,130 | $20,747 | 13.7 years |
| 12 kW | $3.52 | $29,553 | $25,500 | 13.4 years |
| 14 kW | $3.45 | $33,775 | $30,454 | 13.1 years |
| 16 kW | $3.37 | $37,796 | $35,608 | 12.9 years |
| 18 kW | $3.30 | $41,615 | $40,964 | 12.6 years |
| 20 kW | $3.23 | $45,234 | $46,521 | 12.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose greatly influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- 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 energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's New Baltimore, VA Solar Cost FAQs
How much does it cost to install solar panels in New Baltimore?
The average cost of solar panels in New Baltimore is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in New Baltimore?
You can’t get solar panels for free in New Baltimore. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
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 their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.