Solar Panel Cost Guide in Sugarland Run, VA (2024 Update)
- Sugarland Run Solar Installation Cost: $20,419
- 25-Year Savings: $20,562
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Sugarland Run
Let’s take a look at the average cost of solar in Sugarland Run.
The average cost of a solar panel system in Sugarland Run is 4 per watt.The average solar panel system size in Sugarland Run is around 8.1 kilowatts, meaning a cost of about $20,419 for a solar installation, or $29,199 before the 0 federal solar tax credit is applied.
These figures are just averages, and your own solar costs will look different based on factors unique to your home and what company you want to go with.With typical savings of about $17,000 on power bills over 20 years, many homeowners in Sugarland Run find going solar can pay off big.
You can click the button below to get connected with a vetted solar installer in Sugarland Run that can help you get a more accurate cost estimate for your home.
Solar savings over time in Sugarland Run
| Year | Return on Investment |
|---|---|
| 1 years | $-18,820 |
| 3 years | $-15,622 |
| 5 years | $-12,424 |
| 7 years | $-9,226 |
| 9 years | $-6,029 |
| 11 years | $-2,831 |
| 13 years | $367 |
| 15 years | $3,565 |
| 17 years | $6,763 |
| 19 years | $9,961 |
| 21 years | $13,159 |
| 23 years | $16,357 |
| 25 years | $19,554 |
Top Solar Installers in Sugarland Run
Many homeowners choose to hire a solar installation company since figuring out how to install solar panels yourself can be a labor-intensive endeavor. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.
Working with a vetted solar installer can make going solar easier. 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 Sugarland Run
Factors that Affect Solar Panel Costs in Sugarland Run
There are a number of factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,590. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Sugarland Run homeowners opt to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also adds to your all-in costs, so it’s vital to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you pick will affect your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Sugarland Run know more about local solar incentives and can help you take advantage of 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 | $11,052 | 14.7 years |
| 8 kW | $3.66 | $20,506 | $15,139 | 14.4 years |
| 10 kW | $3.59 | $25,130 | $19,426 | 14.1 years |
| 12 kW | $3.52 | $29,553 | $23,914 | 13.8 years |
| 14 kW | $3.45 | $33,775 | $28,604 | 13.5 years |
| 16 kW | $3.37 | $37,796 | $33,494 | 13.3 years |
| 18 kW | $3.30 | $41,615 | $38,585 | 13.0 years |
| 20 kW | $3.23 | $45,234 | $43,878 | 12.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Warranty: If you’re worried about the longevity of your solar system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Well-established 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 adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Before signing a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Sugarland Run, VA Solar Cost FAQs
How much does it cost to install solar panels in Sugarland Run?
The average cost of solar panels in Sugarland Run is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Sugarland Run?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Can you sell solar power back to the grid in Sugarland Run?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power 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 usually 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.