Solar Panel Cost Guide in Virginia Beach, VA (Oct 2022)

  • Virginia Beach Solar Installation Cost: $13,822
  • 25-Year Savings: $22,382
  • Payback Period: 9.5 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Virginia Beach

Let's have a look at the average cost of solar in Virginia Beach.

While the national average of solar panels is $2.66 per watt, solar panels in Virginia Beach generally cost around $3. To account for the typical energy usage of the average home in Virginia Beach, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,822, or $10,228 after the federal solar tax credit of 30% is applied.

Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy use, the type of solar system you want to get, your solar contractor and more. Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Virginia Beach can save about $19,000 on their electricity bills over 20 years.

You can click the button below to get connected with a top solar company in Virginia Beach for a quote for your home.

Solar savings over time in Virginia Beach

Year Return on Investment
1 years $-12,373
3 years $-9,477
5 years $-6,581
7 years $-3,684
9 years $-788
11 years $2,108
13 years $5,004
15 years $7,901
17 years $10,797
19 years $13,693
21 years $16,590
23 years $19,486
25 years $22,382

Top Solar Installers in Virginia Beach

Although you can install solar panels yourself, it requires extra energy and know-how. For that reason, the majority of homeowners choose to hire a solar panel installer. In addition, if you'd like to maximize your investment in solar, opting for a solar company can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives.

Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Virginia Beach

Factors that Affect Solar Panel Costs in Virginia Beach

Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Virginia Beach: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment Size

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 energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,750 per kilowatt in Virginia Beach. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Virginia Beach, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

The remaining significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Virginia Beach, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Virginia Beach know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 $2.86 $12,012 $18,225 9.9 years
8 kW $2.81 $15,708 $24,608 9.7 years
10 kW $2.75 $19,250 $31,145 9.5 years
12 kW $2.69 $22,638 $37,836 9.4 years
14 kW $2.64 $25,872 $44,681 9.2 years
16 kW $2.58 $28,952 $51,680 9.0 years
18 kW $2.53 $31,878 $58,833 8.8 years
20 kW $2.48 $34,650 $66,140 8.6 years

Solar Incentives in Virginia Beach

Name Income Tax Deduction for Energy-Efficient Products
More Info Click here

Name Local Option- Renewable Energy Machinery and Tools Property Tax Exemption
Website Visit here
More Info Click here

Name Local Option - Residential Property Tax Exemption for Solar
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar company you go with will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, such as:

  • Warranty: If you're worried about the durability of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
  • Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
  • Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Virginia Beach, VA Solar Cost FAQs

What is the average cost of installing solar panels in Virginia Beach?

This is a tough question to answer precisely, because the cost depends on a few different factors. Generally 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 higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.

What other factors should I consider other than cost when buying solar panels?

The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.

How much can I save on energy bills after installing solar panels?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Virginia Beach, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.

How long do solar panels last in Virginia Beach?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.

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