Solar Panel Cost Guide in Wyndham, VA (2024 Update)
- Wyndham Solar Installation Cost: $19,553
- 25-Year Savings: $20,413
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Wyndham
Find out how much it might cost to switch to solar power in Wyndham.
The national average cost of solar panels is $2.66 per watt, but in Wyndham it’s 4 per watt.The average solar panel system size in Wyndham is around 7.8 kilowatts, meaning a cost of about $19,553 for a solar installation, or $27,961 before the 0 federal solar tax credit is applied.
The true cost of your system can go above or below the average in Wyndham based on a few factors, such as the type of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a solid investment. The average homeowner in Wyndham can save around $17,000 on their power bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Wyndham
| Year | Return on Investment |
|---|---|
| 1 years | $-17,954 |
| 3 years | $-14,756 |
| 5 years | $-11,558 |
| 7 years | $-8,361 |
| 9 years | $-5,163 |
| 11 years | $-1,965 |
| 13 years | $1,233 |
| 15 years | $4,431 |
| 17 years | $7,629 |
| 19 years | $10,827 |
| 21 years | $14,025 |
| 23 years | $17,223 |
| 25 years | $20,420 |
Top Solar Installers in Wyndham
When going solar, many homeowners prefer to use a solar installer since installing a solar system yourself can be a challenging project. The expertise that solar installers provide can be invaluable as well, particularly if you aren’t sure what type of solar equipment you need.
Working with a professional solar installer 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
See all of the solar companies in Wyndham
Factors that Affect Solar Panel Costs in Wyndham
The cost of installing a solar system in Wyndham can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your household, 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 nearly $3,590. The type of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond 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 researching a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Wyndham, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your total costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Wyndham, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for and also fits within your budget.
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 | $11,610 | 14.4 years |
| 8 kW | $3.66 | $20,506 | $15,882 | 14.1 years |
| 10 kW | $3.59 | $25,130 | $20,355 | 13.8 years |
| 12 kW | $3.52 | $29,553 | $25,029 | 13.5 years |
| 14 kW | $3.45 | $33,775 | $29,904 | 13.3 years |
| 16 kW | $3.37 | $37,796 | $34,980 | 13.0 years |
| 18 kW | $3.30 | $41,615 | $40,258 | 12.7 years |
| 20 kW | $3.23 | $45,234 | $45,736 | 12.4 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The type of solar panel you’d like plays a role in which installer you should opt for, since different companies have different panels.
- Installation Process: When making the switch to solar, it’s crucial to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the completion timeline.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Wyndham, VA Solar Cost FAQs
What is the average cost of installing solar panels in Wyndham?
This is a difficult question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
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 be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Wyndham?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs 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 household 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.