Solar Panel Cost Guide in Shenandoah Farms, VA (Mar 2023)
- Shenandoah Farms Solar Installation Cost: $15,689
- 25-Year Savings: $19,123
- Payback Period: 11.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Shenandoah Farms
Let's take a look at the average cost of solar in Shenandoah Farms.
The average cost of a solar panel system in Shenandoah Farms is 2.75 per watt. The average Shenandoah Farms homeowner needs a 8.2-kilowatt system, which would cost about $15,689 with the federal tax credit, or $22,435 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Shenandoah Farms homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Shenandoah Farms can save about $16,000 on their power bills over 20 years.
Click the button below to get connected to a highly rated solar installer in your area for a custom quote.
Solar savings over time in Shenandoah Farms
| Year | Return on Investment |
|---|---|
| 1 years | $-14,296 |
| 3 years | $-11,511 |
| 5 years | $-8,726 |
| 7 years | $-5,942 |
| 9 years | $-3,157 |
| 11 years | $-372 |
| 13 years | $2,413 |
| 15 years | $5,198 |
| 17 years | $7,983 |
| 19 years | $10,768 |
| 21 years | $13,553 |
| 23 years | $16,338 |
| 25 years | $19,123 |
Top Solar Installers in Shenandoah Farms
Although it's possible to install solar panels by yourself, it requires extra time and handiness. Because of that, the majority of homeowners choose to hire a solar panel installer. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- 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 Shenandoah Farms
Factors that Affect Solar Panel Costs in Shenandoah Farms
While the average cost of a solar system in Shenandoah Farms is $15,689, your final cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,750. The type of solar equipment you choose can bring your price up or down 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 over time on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Shenandoah Farms average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid option because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of loans, 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 more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Shenandoah Farms is the company you get to install your solar system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services for different budgets. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, 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 | $2.86 | $12,012 | $13,615 | 11.7 years |
| 8 kW | $2.81 | $15,708 | $18,461 | 11.5 years |
| 10 kW | $2.75 | $19,250 | $23,462 | 11.3 years |
| 12 kW | $2.69 | $22,638 | $28,616 | 11.0 years |
| 14 kW | $2.64 | $25,872 | $33,924 | 10.8 years |
| 16 kW | $2.58 | $28,952 | $39,386 | 10.6 years |
| 18 kW | $2.53 | $31,878 | $45,003 | 10.4 years |
| 20 kW | $2.48 | $34,650 | $50,773 | 10.1 years |
How to Save on Solar Panels
There are many companies available in Shenandoah Farms, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Companies that have been operating 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 adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- 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 Shenandoah Farms, VA Solar Cost FAQs
What is the average cost of installing solar panels in Shenandoah Farms?
This is a difficult question to answer exactly, because the cost depends on many 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Shenandoah Farms?
You can't get solar panels for free in Shenandoah Farms. 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.
Does Shenandoah Farms have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
How many solar panels do I need to power my home?
To figure out how many solar panels 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 usually produce about 250 to 400 watt-hours per hour, the average home 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.