Solar Panel Cost Guide in Sugarland Run, VA (Mar 2023)
- Sugarland Run Solar Installation Cost: $15,650
- 25-Year Savings: $20,554
- Payback Period: 10.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Sugarland Run
Let's have a look at the average cost of solar in Sugarland Run.
In Sugarland Run, solar panels cost about 2.75 per watt on average. Because a 8.1-kW system is needed to cover the energy needs of a typical home in Sugarland Run, the average price of going solar will be about $15,650 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average energy use of Sugarland Run homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on electricity bills.
To receive a free quote from a top solar company in Sugarland Run, you can click the button below.
Solar savings over time in Sugarland Run
| Year | Return on Investment |
|---|---|
| 1 years | $-14,202 |
| 3 years | $-11,306 |
| 5 years | $-8,410 |
| 7 years | $-5,513 |
| 9 years | $-2,617 |
| 11 years | $279 |
| 13 years | $3,176 |
| 15 years | $6,072 |
| 17 years | $8,968 |
| 19 years | $11,865 |
| 21 years | $14,761 |
| 23 years | $17,657 |
| 25 years | $20,554 |
Top Solar Installers in Sugarland Run
When making the switch to solar, many homeowners decide to go with a solar installer since installing solar panels yourself can be a difficult project. The payback period of solar panels will vary based on factors like your location and energy usage, but going with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Sugarland Run
Factors that Affect Solar Panel Costs in Sugarland Run
The cost of installing a solar system in Sugarland Run can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $2,750 per kilowatt in Sugarland Run. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Sugarland Run offer solar loans, which reduce your upfront costs of installing a solar system. 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 can only 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
The remaining major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Sugarland Run, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that offers the products, warranties and services you're looking for and also fits within your budget.
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 | $14,722 | 11.2 years |
| 8 kW | $2.81 | $15,708 | $19,937 | 11.0 years |
| 10 kW | $2.75 | $19,250 | $25,306 | 10.8 years |
| 12 kW | $2.69 | $22,638 | $30,829 | 10.6 years |
| 14 kW | $2.64 | $25,872 | $36,506 | 10.4 years |
| 16 kW | $2.58 | $28,952 | $42,337 | 10.2 years |
| 18 kW | $2.53 | $31,878 | $48,323 | 9.9 years |
| 20 kW | $2.48 | $34,650 | $54,462 | 9.7 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Warranty: Many companies 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 Sugarland Run, VA Solar Cost FAQs
How much does it cost to install solar panels in Sugarland Run?
This is a hard question to answer precisely, 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 additional solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Sugarland Run?
You can't get solar panels for free in Sugarland Run. 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'd prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Sugarland Run is currently $376,000, so you can expect a value of about $15,416 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Sugarland Run is a worthwhile investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.