Solar Panel Cost Guide in Cross Lanes, WV (Mar 2023)
- Cross Lanes Solar Installation Cost: $20,605
- 25-Year Savings: $28,284
- Payback Period: 10.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Cross Lanes
Find out what the average cost of solar panels are in Cross Lanes.
While the national average of solar panels is $2.66 per watt, solar panels in Cross Lanes generally cost about 2.64. Using this figure, a typical 11.2-kW system would cost about $20,605 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of solar system you choose, your solar contractor and more. But, once you've paid the upfront cost of installation, the savings for most homeowners is typically good, with a net average savings of about $17,000 over 20 years on electricity bills.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Cross Lanes
| Year | Return on Investment |
|---|---|
| 1 years | $-18,650 |
| 3 years | $-14,739 |
| 5 years | $-10,827 |
| 7 years | $-6,916 |
| 9 years | $-3,005 |
| 11 years | $906 |
| 13 years | $4,817 |
| 15 years | $8,728 |
| 17 years | $12,639 |
| 19 years | $16,550 |
| 21 years | $20,462 |
| 23 years | $24,373 |
| 25 years | $28,284 |
Top Solar Installers in Cross Lanes
Many homeowners decide to hire a solar panel company since figuring out how to install solar panels on your own can be a labor-intensive endeavor. Another upside of using a solar installer is that they can help you maximize your investment by cutting back on future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
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 Cross Lanes
Factors that Affect Solar Panel Costs in Cross Lanes
The cost of installing a solar system in Cross Lanes can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need, 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 $2,640. The type of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Cross Lanes provide 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 consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Cross Lanes, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $2.75 | $11,532 | $14,766 | 11.0 years |
| 8 kW | $2.69 | $15,080 | $19,984 | 10.8 years |
| 10 kW | $2.64 | $18,480 | $25,349 | 10.5 years |
| 12 kW | $2.59 | $21,732 | $30,863 | 10.3 years |
| 14 kW | $2.53 | $24,837 | $36,524 | 10.1 years |
| 16 kW | $2.48 | $27,794 | $42,333 | 9.9 years |
| 18 kW | $2.43 | $30,603 | $48,290 | 9.7 years |
| 20 kW | $2.38 | $33,264 | $54,395 | 9.5 years |
How to Save on Solar Panels
Since the type of solar panels and the 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 things to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Before you sign a contract with a solar company, make sure you read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: If you care about the durability of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Cross Lanes, WV Solar Cost FAQs
What is the average cost of installing solar panels in Cross Lanes?
The average cost of solar panels in Cross Lanes is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Cross Lanes?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $876.59 per year.
How many solar panels do I need to power 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 typically produce about 250 to 400 watt-hours per hour, the average home 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.