Solar Panel Cost Guide in Wytheville, VA (2023 Update)
- Wytheville Solar Installation Cost: $15,265
- 25-Year Savings: $20,675
- Payback Period: 10.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wytheville
Let's have a look at the average cost of solar in Wytheville.
Although the national average of solar panels is $2.66 per watt, solar panels in Wytheville typically cost about 2.75. The average solar panel system size in Wytheville is around 7.9 kilowatts, meaning a cost of about $15,265 for a solar installation, or $21,829 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of equipment you want, your solar contractor and more. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Wytheville can save about $17,000 on their power bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Wytheville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,828 |
| 3 years | $-10,952 |
| 5 years | $-8,077 |
| 7 years | $-5,202 |
| 9 years | $-2,327 |
| 11 years | $548 |
| 13 years | $3,424 |
| 15 years | $6,299 |
| 17 years | $9,174 |
| 19 years | $12,049 |
| 21 years | $14,924 |
| 23 years | $17,800 |
| 25 years | $20,675 |
Top Solar Installers in Wytheville
Although it's possible to install solar panels yourself, it involves extra effort and expertise. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be best for your family.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- 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 Wytheville
Factors that Affect Solar Panel Costs in Wytheville
The cost of installing a solar system in Wytheville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel 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 around $2,750. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 can expect 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 raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Wytheville homeowners choose to finance their solar panel systems to make going solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Wytheville, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $15,174 | 11.0 years |
| 8 kW | $2.81 | $15,708 | $20,541 | 10.8 years |
| 10 kW | $2.75 | $19,250 | $26,061 | 10.6 years |
| 12 kW | $2.69 | $22,638 | $31,735 | 10.4 years |
| 14 kW | $2.64 | $25,872 | $37,563 | 10.2 years |
| 16 kW | $2.58 | $28,952 | $43,545 | 10.0 years |
| 18 kW | $2.53 | $31,878 | $49,681 | 9.8 years |
| 20 kW | $2.48 | $34,650 | $55,972 | 9.6 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Warranty: If you're concerned about the endurance of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Make sure you're on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
- Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- 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 Wytheville, VA Solar Cost FAQs
What is the average cost of installing solar panels in Wytheville?
This is a tough question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
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 cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will having solar panels impact the value of my home?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 buy between 20 and 35 panels to account for 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.