Solar Panel Cost Guide in Huntington, WV (Sep 2022)
- Huntington Solar Installation Cost: $20,310
- 25-Year Savings: $28,808
- Payback Period: 10.3 Years
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Updated 9/16/2022
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Average Cost of Solar Panels in Huntington
Find out how much it might cost to install solar panels in Huntington.
The national average cost of solar panels is $2.66 per watt, but in Huntington it's $3 per watt. The average solar panel system size in Huntington is around 11.0 kilowatts, meaning a cost of about $20,310 for a solar installation, or $15,029 after the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Huntington homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Huntington can save around $17,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Huntington for a quote for your home.
Solar savings over time in Huntington
| Year | Return on Investment |
|---|---|
| 1 years | $-18,345 |
| 3 years | $-14,415 |
| 5 years | $-10,486 |
| 7 years | $-6,557 |
| 9 years | $-2,627 |
| 11 years | $1,302 |
| 13 years | $5,231 |
| 15 years | $9,161 |
| 17 years | $13,090 |
| 19 years | $17,020 |
| 21 years | $20,949 |
| 23 years | $24,878 |
| 25 years | $28,808 |
Top Solar Installers in Huntington
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make switching to solar power much easier. Another benefit of utilizing a solar installer is that they can help you make the most of your ROI by cutting back on future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
If you're on the hunt for a solar company in Huntington, the EcoWatch team has compiled a list of our top suggestions here:
Best Technology
The Green Panel
- 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 Huntington
Factors that Affect Solar Panel Costs in Huntington
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Huntington: 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 Size
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size. Solar power systems that have greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,640. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 will be looking at 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
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Huntington, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Huntington is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for instance, 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 come with an above-average cost. It's best to do some research and choose a company that provides 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 | $2.75 | $11,532 | $15,273 | 10.8 years |
| 8 kW | $2.69 | $15,080 | $20,659 | 10.5 years |
| 10 kW | $2.64 | $18,480 | $26,194 | 10.3 years |
| 12 kW | $2.59 | $21,732 | $31,876 | 10.1 years |
| 14 kW | $2.53 | $24,837 | $37,706 | 9.9 years |
| 16 kW | $2.48 | $27,794 | $43,684 | 9.7 years |
| 18 kW | $2.43 | $30,603 | $49,810 | 9.5 years |
| 20 kW | $2.38 | $33,264 | $56,083 | 9.3 years |
Solar Incentives in Huntington
| Name | Residential Renewable Energy Tax Credit |
| Website | Visit here |
| More Info | Click here |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Warranty: If you're concerned about the longevity of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
Best Technology
The Green Panel
- 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 Huntington, WV Solar Cost FAQs
What is the average cost of installing solar panels in Huntington?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $13,200 for a 5-kW system and $26,400 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, 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?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Huntington is currently $112,683, so you could be looking at a value of about $4,620 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Huntington is a worthwhile investment.
How long do solar panels last in Huntington?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.
