Solar Panel Cost Guide in Tazewell, VA (2024 Update)
- Tazewell Solar Installation Cost: $20,758
- 25-Year Savings: $20,039
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Tazewell
See how much it might cost to install solar panels in Tazewell.
The average cost of solar panels in Tazewell is 4 per watt.Since a 8.3-kW system is needed to cover the energy usage of a typical home in Tazewell, the average price of going solar will be about $20,758 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Tazewell homeowners. 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.But, after you've paid the initial cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $17,000 over 20 years on power bills.
To get a free quote from a pre-vetted solar installer in Tazewell, you can click the button below.
Solar savings over time in Tazewell
| Year | Return on Investment |
|---|---|
| 1 years | $-19,338 |
| 3 years | $-16,499 |
| 5 years | $-13,660 |
| 7 years | $-10,820 |
| 9 years | $-7,981 |
| 11 years | $-5,141 |
| 13 years | $-2,302 |
| 15 years | $537 |
| 17 years | $3,377 |
| 19 years | $6,216 |
| 21 years | $9,056 |
| 23 years | $11,895 |
| 25 years | $14,734 |
Top Solar Installers in Tazewell
Many homeowners decide to use a solar installer since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. Another upside of using a solar company is that they can help you make the most of your return of investment by cutting back on future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Tazewell
Factors that Affect Solar Panel Costs in Tazewell
For many Tazewell homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Tazewell, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Tazewell, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by around $3,590 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Tazewell, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.While solar loans make switching to solar energy more accessible for Tazewell homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can play a part in determining your pricing. Tazewell’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $10,424 | 15.0 years |
| 8 kW | $3.66 | $20,506 | $14,301 | 14.7 years |
| 10 kW | $3.59 | $25,130 | $18,379 | 14.4 years |
| 12 kW | $3.52 | $29,553 | $22,658 | 14.2 years |
| 14 kW | $3.45 | $33,775 | $27,138 | 13.9 years |
| 16 kW | $3.37 | $37,796 | $31,819 | 13.6 years |
| 18 kW | $3.30 | $41,615 | $36,701 | 13.3 years |
| 20 kW | $3.23 | $45,234 | $41,784 | 13.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Contract: Look through the contract terms closely to make sure you understand the total cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Tazewell, VA Solar Cost FAQs
What is the average cost of installing solar panels in Tazewell?
The average cost of solar panels in Tazewell 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 things such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Tazewell?
Leasing solar panels can be an appealing choice, because it often 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 get the most savings.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $870.18 per year.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.