Solar Panel Cost Guide in Wyndham, VA (2023 Update)
- Wyndham Solar Installation Cost: $14,978
- 25-Year Savings: $20,413
- Payback Period: 10.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Wyndham
Here's how much it might cost to install solar panels in Wyndham.
Although the national average of solar panels is $2.66 per watt, solar panels in Wyndham typically cost about 2.75. The average Wyndham homeowner needs a 7.8-kilowatt system, which would cost about $14,976 with the federal tax credit, or $21,416 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Wyndham homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Despite the large initial cost, the average Wyndham homeowner can save about $17,000 on their energy bills over 20 years, which is one of the benefits of solar.
To receive a free quote from a top solar installation company in Wyndham, you can click the button below.
Solar savings over time in Wyndham
| Year | Return on Investment |
|---|---|
| 1 years | $-14,860 |
| 3 years | $-14,624 |
| 5 years | $-14,388 |
| 7 years | $-14,152 |
| 9 years | $-13,916 |
| 11 years | $-13,680 |
| 13 years | $-13,444 |
| 15 years | $-13,208 |
| 17 years | $-12,973 |
| 19 years | $-12,737 |
| 21 years | $-12,501 |
| 23 years | $-12,265 |
| 25 years | $-12,029 |
Top Solar Installers in Wyndham
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar panel installer can make your swap to solar power much easier. Another perk of going with a solar company is that they can help you maximize your ROI 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.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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
There are a number of criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,750. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Wyndham, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Wyndham to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time because of interest. 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 bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Wyndham is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for example, you'll have many options for solar installers that offer a range of services for different budgets. Some companies 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 come at a higher cost. It's best to do some research and go with the company that provides the products, warranties and services you want 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 | $2.86 | $12,012 | $15,279 | 11.0 years |
| 8 kW | $2.81 | $15,708 | $20,680 | 10.8 years |
| 10 kW | $2.75 | $19,250 | $26,235 | 10.6 years |
| 12 kW | $2.69 | $22,638 | $31,944 | 10.4 years |
| 14 kW | $2.64 | $25,872 | $37,807 | 10.2 years |
| 16 kW | $2.58 | $28,952 | $43,824 | 9.9 years |
| 18 kW | $2.53 | $31,878 | $49,995 | 9.7 years |
| 20 kW | $2.48 | $34,650 | $56,320 | 9.5 years |
How to Save on Solar Panels
The solar company you opt for 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 several important things you should take into account, including:
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
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?
The average cost of solar panels in Wyndham is about $13,750 for a 5-kW system and $27,500 for a 10-kW system before the ITC, but the real 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.
Is cost the most important thing to keep in mind 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 areas 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 will solar panels impact my property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Wyndham?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.