Solar Panel Cost Guide in Norfolk, VA (Sep 2022)

  • Norfolk Solar Installation Cost: $14,052
  • 25-Year Savings: $22,151
  • Payback Period: 9.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Norfolk

See how much it might cost to install solar panels in Norfolk.

Although the national average of solar panels is $2.66 per watt, solar panels in Norfolk generally cost about $3. Using this figure, a typical 7.3 would cost about $14,052 before the 30% federal solar tax credit is applied.

The actual price you pay can be higher or lower than the average in Norfolk 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 rewarding investment. The average homeowner in Norfolk can save around $19,000 on their energy bills over 20 years.

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

Solar savings over time in Norfolk

Year Return on Investment
1 years $-12,604
3 years $-9,708
5 years $-6,812
7 years $-3,915
9 years $-1,019
11 years $1,877
13 years $4,773
15 years $7,670
17 years $10,566
19 years $13,462
21 years $16,359
23 years $19,255
25 years $22,151

Top Solar Installers in Norfolk

Many homeowners choose to use a solar installation company since installing solar panels yourself can be time-consuming. A solar company can also help save you money in the long run by providing warranties, repairs and part replacements.

If you'd like to start using solar energy but still aren't sure which solar panel company to go with, here are our recommendations for providers in Norfolk:

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

The Green Panel

★★★★★
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 Norfolk

Factors that Affect Solar Panel Costs in Norfolk

For many Norfolk homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Norfolk, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

The size of the solar energy system you need for your household is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,750. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Norfolk average.

Solar Financing Terms

Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Norfolk homeowners decide to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of loans, including the total 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 securing a solar loan with a low APR could reduce your costs remarkably.

Solar Panel Installation Company

Lastly, the company you choose to install your solar panel system can play a part in determining the cost. Norfolk's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually 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 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 $17,748 10.1 years
8 kW $2.81 $15,708 $23,973 9.9 years
10 kW $2.75 $19,250 $30,351 9.7 years
12 kW $2.69 $22,638 $36,883 9.5 years
14 kW $2.64 $25,872 $43,569 9.3 years
16 kW $2.58 $28,952 $50,409 9.1 years
18 kW $2.53 $31,878 $57,403 8.9 years
20 kW $2.48 $34,650 $64,552 8.7 years

Solar Incentives in Norfolk

Name Income Tax Deduction for Energy-Efficient Products
More Info Click here

Name Local Option- Renewable Energy Machinery and Tools Property Tax Exemption
Website Visit here
More Info Click here

Name Local Option - Residential Property Tax Exemption for Solar
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:

  • Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
  • Contract: Before you sign a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
  • Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
  • Solar Panel Brands: The brand of solar panel you want to install plays a part in which installer you should opt for, since different companies offer different panels.

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

The Green Panel

★★★★★
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 Norfolk, VA Solar Cost FAQs

How much does it cost to install solar panels in Norfolk?

This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,750 for a 5-kW system and $27,500 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.

Is cost the most important consideration when buying solar panels?

Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Do solar panels increase your property value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Norfolk is currently $196,235, which means you can expect about a value of about $8,046 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Norfolk is a rewarding investment.

How often do you have to replace solar panels?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had 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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