Solar Panel Cost Guide in Cross Lanes, WV (2024 Update)
- Cross Lanes Solar Installation Cost: $26,469
- 25-Year Savings: $28,276
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Cross Lanes
Here’s how much it might cost to go solar in Cross Lanes.
In Cross Lanes, solar panels cost about 3 per watt on average.To account for the typical energy needs of the average home in Cross Lanes, most homeowners require a 11.2-kilowatt system. Using the figure above, a solar installation costs around $26,469, or $37,851 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of equipment you want to get, your solar contractor and more.With typical savings of about $17,000 on energy bills over 20 years, many homeowners in Cross Lanes find installing solar panels can pay off big.
You can click the button below to get connected with a top solar company in Cross Lanes for a quote for your home.
Solar savings over time in Cross Lanes
| Year | Return on Investment |
|---|---|
| 1 years | $-24,844 |
| 3 years | $-21,592 |
| 5 years | $-18,341 |
| 7 years | $-15,090 |
| 9 years | $-11,838 |
| 11 years | $-8,587 |
| 13 years | $-5,336 |
| 15 years | $-2,084 |
| 17 years | $1,167 |
| 19 years | $4,418 |
| 21 years | $7,670 |
| 23 years | $10,921 |
| 25 years | $14,172 |
Top Solar Installers in Cross Lanes
Installing solar panels by yourself can be a challenging undertaking, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar companies offer can be invaluable as well, particularly if you aren’t sure what kind of solar equipment you need.
If you're on the hunt for a solar company in Cross Lanes, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Cross Lanes
Factors that Affect Solar Panel Costs in Cross Lanes
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Cross Lanes: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,390.The kind of solar panels and equipment you get 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 consists of more than 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 falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Cross Lanes to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can affect your pricing. Cross Lanes’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — 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 decide on the company that has the products, warranties and services you want and also fit into 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 | $3.53 | $14,808 | $11,490 | 14.1 years |
| 8 kW | $3.46 | $19,364 | $15,700 | 13.8 years |
| 10 kW | $3.39 | $23,730 | $20,099 | 13.5 years |
| 12 kW | $3.32 | $27,906 | $24,689 | 13.3 years |
| 14 kW | $3.25 | $31,893 | $29,468 | 13.0 years |
| 16 kW | $3.19 | $35,690 | $34,437 | 12.7 years |
| 18 kW | $3.12 | $39,297 | $39,596 | 12.5 years |
| 20 kW | $3.05 | $42,714 | $44,945 | 12.2 years |
How to Save on Solar Panels
There are numerous companies available in Cross Lanes, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
EcoWatch's Cross Lanes, WV Solar Cost FAQs
What is the average cost of installing solar panels in Cross Lanes?
This is a hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $16,950 for a 5-kW system and $33,900 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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.