Solar Panel Cost Guide in Woodlake, VA (Feb 2023)

  • Woodlake Solar Installation Cost: $14,919
  • 25-Year Savings: $23,342
  • Payback Period: 9.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Woodlake

We go over average solar pricing in Woodlake.

In Woodlake, solar panels cost about $3 per watt on average. The average solar panel system size in Woodlake is around 7.8 kilowatts, meaning a cost of about $14,919 for a solar installation, or $11,040 after the 30% federal solar tax credit is applied.

The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary based on a few factors, such as how many panels you need, your energy usage and what company you go with. Despite the high upfront cost, the average Woodlake homeowner can save about $19,000 on their electricity bills over 20 years, which is one of the benefits of solar.

To get a free estimate from a highly rated solar company in Woodlake, you can click the button below.

Solar savings over time in Woodlake

Year Return on Investment
1 years $-13,388
3 years $-10,327
5 years $-7,267
7 years $-4,206
9 years $-1,145
11 years $1,916
13 years $4,977
15 years $8,038
17 years $11,099
19 years $14,159
21 years $17,220
23 years $20,281
25 years $23,342

Top Solar Installers in Woodlake

When switching to solar energy, many homeowners decide to hire a solar installation company since DIY solar panel installation can be a time-consuming project. Companies can also have access to a large variety of the best solar panels and help you choose which one will be best for your family.

There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

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

Tesla Energy

★★★★★
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 Woodlake

Factors that Affect Solar Panel Costs in Woodlake

For many Woodlake homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Woodlake, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment

The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,750. The brand of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to consider 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 into a solar system that's in your budget.

Solar Financing Terms

Most solar companies in Woodlake offer solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also increases your all-in costs, so it's crucial to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.

Solar Panel Installation Company

The solar company you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Woodlake, and each can charge varying amounts for labor and equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 $2.86 $12,012 $17,624 10.1 years
8 kW $2.81 $15,708 $23,807 9.9 years
10 kW $2.75 $19,250 $30,144 9.7 years
12 kW $2.69 $22,638 $36,635 9.5 years
14 kW $2.64 $25,872 $43,280 9.4 years
16 kW $2.58 $28,952 $50,078 9.2 years
18 kW $2.53 $31,878 $57,031 9.0 years
20 kW $2.48 $34,650 $64,138 8.8 years

How to Save on Solar Panels

Since the kind of solar panels and the company you choose greatly impacts your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:

  • Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
  • Solar Panel Brands: The brand of solar panel you'd like plays a role in which installer you should opt for, since different companies offer different panels.
  • Contract: Although 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 the terms of the warranty.
  • Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.

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

Tesla Energy

★★★★★
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 Woodlake, VA Solar Cost FAQs

How much does it cost to install solar panels in Woodlake?

The average cost of solar panels in Woodlake is about $13,750 for a 5-kW system and $27,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Woodlake?

Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.

Is it worth going solar in Woodlake?

Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.

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.

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