Solar Panel Cost Guide in Verona, VA (2024 Update)
- Verona Solar Installation Cost: $19,773
- 25-Year Savings: $20,247
- Payback Period: 14.0 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Verona
See how much it might cost to switch to solar power in Verona.
Although the national average of solar panels is $2.66 per watt, solar panels in Verona typically cost around 4.The average solar panel system size in Verona is around 7.9 kilowatts, meaning a cost of about $19,773 for a solar installation, or $28,275 before the 0 federal solar tax credit is applied.
The actual price you pay can be above or below the average in Verona based on a variety of factors, such as the type of solar panels you choose and the solar company you hire.For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Verona see about $17,000 in savings on electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Verona
Year | Return on Investment |
---|---|
1 years | $-18,174 |
3 years | $-14,976 |
5 years | $-11,778 |
7 years | $-8,581 |
9 years | $-5,383 |
11 years | $-2,185 |
13 years | $1,013 |
15 years | $4,211 |
17 years | $7,409 |
19 years | $10,607 |
21 years | $13,805 |
23 years | $17,002 |
25 years | $20,200 |
Top Solar Installers in Verona
When switching to solar energy, many homeowners prefer to use a solar installation company since putting up a solar system yourself can be a difficult project. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Verona
Factors that Affect Solar Panel Costs in Verona
For many Verona homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Verona, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $3,590 per kilowatt in Verona.The type of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Verona, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your overall costs, so it’s crucial to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Verona, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Verona have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $11,308 | 14.5 years |
8 kW | $3.66 | $20,506 | $15,480 | 14.2 years |
10 kW | $3.59 | $25,130 | $19,852 | 14.0 years |
12 kW | $3.52 | $29,553 | $24,426 | 13.7 years |
14 kW | $3.45 | $33,775 | $29,200 | 13.4 years |
16 kW | $3.37 | $37,796 | $34,176 | 13.1 years |
18 kW | $3.30 | $41,615 | $39,353 | 12.8 years |
20 kW | $3.23 | $45,234 | $44,731 | 12.6 years |
How to Save on Solar Panels
There are many companies available in Verona, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Verona, VA Solar Cost FAQs
What is the average cost of installing solar panels in Verona?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,950 for a 5-kW system and $35,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Does Verona have a net metering program?
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 energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.