Solar Panel Cost Guide in Rockwood, VA (2024 Update)
- Rockwood Solar Installation Cost: $19,466
- 25-Year Savings: $4,220
- Payback Period: 25.4 Years
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Average Cost of Solar Panels in Rockwood
We go over average solar pricing in Rockwood.
The average cost of a solar system in Rockwood is 4 per watt.Since a 7.7-kW system is needed to cover the energy consumption of a typical home in Rockwood, the average price of going solar will be about $19,466 after claiming the federal solar tax credit of 0.
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 solar panels you choose, your solar contractor and more.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically good, with a net average savings of about $9,900 over 20 years on power bills.
Click the button below to get connected to a top solar installer in your area for a customized estimate.
Solar savings over time in Rockwood
| Year | Return on Investment |
|---|---|
| 1 years | $-17,867 |
| 3 years | $-14,669 |
| 5 years | $-11,471 |
| 7 years | $-8,273 |
| 9 years | $-5,075 |
| 11 years | $-1,877 |
| 13 years | $1,321 |
| 15 years | $4,518 |
| 17 years | $7,716 |
| 19 years | $10,914 |
| 21 years | $14,112 |
| 23 years | $17,310 |
| 25 years | $20,508 |
Top Solar Installers in Rockwood
Trying to put up solar panels by yourself can be a dangerous task, which is why using a solar installer is a good option for many homeowners. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by offering warranties and repairs.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Rockwood
Factors that Affect Solar Panel Costs in Rockwood
Even though the average cost of a solar system in Rockwood is $19,466, your final cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, 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 researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Rockwood homeowners decide to finance their solar panel systems to make paying for solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Rockwood, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Rockwood know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $-863 | 26.5 years |
| 8 kW | $3.66 | $20,506 | $-748 | 25.9 years |
| 10 kW | $3.59 | $25,130 | $-433 | 25.4 years |
| 12 kW | $3.52 | $29,553 | $84 | 24.9 years |
| 14 kW | $3.45 | $33,775 | $802 | 24.4 years |
| 16 kW | $3.37 | $37,796 | $1,720 | 23.9 years |
| 18 kW | $3.30 | $41,615 | $2,840 | 23.4 years |
| 20 kW | $3.23 | $45,234 | $4,161 | 22.9 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Rockwood, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Long-running companies likely have a high 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 service, such as part repairs and replacements.
- Solar Panel Brands: Different companies will carry different brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Warranty: If you care about the durability of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Rockwood, VA Solar Cost FAQs
What is the average cost of installing solar panels in Rockwood?
The average cost of solar panels in Rockwood 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 such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Rockwood?
You can’t get solar panels for free in Rockwood. 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 Rockwood?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.