Solar Panel Cost Guide in Grafton, WV (2024 Update)
- Grafton Solar Installation Cost: $27,598
- 25-Year Savings: $24,719
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Grafton
Find out what the average cost of solar panels are in Grafton.
Although the national average of solar panels is $2.66 per watt, solar panels in Grafton generally cost about 3.Using this figure, a typical 11.6-kW system would cost about $27,598 before the 0 federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Grafton based on several factors, such as the model of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a sound investment. The average homeowner in Grafton can save about $16,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar panel company in Grafton for a personalized estimate.
Solar savings over time in Grafton
| Year | Return on Investment |
|---|---|
| 1 years | $-26,169 |
| 3 years | $-23,310 |
| 5 years | $-20,451 |
| 7 years | $-17,592 |
| 9 years | $-14,733 |
| 11 years | $-11,874 |
| 13 years | $-9,015 |
| 15 years | $-6,156 |
| 17 years | $-3,298 |
| 19 years | $-439 |
| 21 years | $2,420 |
| 23 years | $5,279 |
| 25 years | $8,138 |
Top Solar Installers in Grafton
Many homeowners opt for a solar panel company since installing solar panels by yourself can be a lot of work. Companies can also have access to quality options of the best solar panels and help you decide which one will be right for you.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Grafton
Factors that Affect Solar Panel Costs in Grafton
There are several criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
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 about $3,390. There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Grafton to be too expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Grafton is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different costs.Companies that 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 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 | $3.53 | $14,808 | $9,033 | 15.5 years |
| 8 kW | $3.46 | $19,364 | $12,423 | 15.2 years |
| 10 kW | $3.39 | $23,730 | $16,004 | 14.9 years |
| 12 kW | $3.32 | $27,906 | $19,774 | 14.6 years |
| 14 kW | $3.25 | $31,893 | $23,734 | 14.3 years |
| 16 kW | $3.19 | $35,690 | $27,884 | 14.0 years |
| 18 kW | $3.12 | $39,297 | $32,224 | 13.7 years |
| 20 kW | $3.05 | $42,714 | $36,754 | 13.4 years |
How to Save on Solar Panels
Since the type 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 things to keep in mind to help with your decision:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Grafton, WV Solar Cost FAQs
How much does it cost to install solar panels in Grafton?
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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your home value?
Solar panels can increase the value of your home 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."
How long do solar panels last in Grafton?
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 higher level 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.