Solar Panel Cost Guide in Moundsville, WV (2024 Update)
- Moundsville Solar Installation Cost: $27,156
- 25-Year Savings: $28,969
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Moundsville
We break down average solar pricing in Moundsville.
In Moundsville, solar panels cost about 3 per watt on average.The average solar panel system size in Moundsville is around 11.4 kilowatts, meaning a cost of about $27,156 for a solar installation, or $38,833 before the 0 federal solar tax credit is applied.
These figures are just averages, and your own solar costs will look different based on factors unique to your home and what company you go with.Despite the large initial cost, the average Moundsville homeowner can save about $17,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar company in Moundsville for a quote for your home.
Solar savings over time in Moundsville
| Year | Return on Investment |
|---|---|
| 1 years | $-25,480 |
| 3 years | $-22,128 |
| 5 years | $-18,776 |
| 7 years | $-15,424 |
| 9 years | $-12,072 |
| 11 years | $-8,721 |
| 13 years | $-5,369 |
| 15 years | $-2,017 |
| 17 years | $1,335 |
| 19 years | $4,687 |
| 21 years | $8,039 |
| 23 years | $11,391 |
| 25 years | $14,743 |
Top Solar Installers in Moundsville
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Taking advantage of a solar company can make switching to solar power much easier. Also, companies with a good reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Moundsville
Factors that Affect Solar Panel Costs in Moundsville
Although the average cost of a solar system in Moundsville is $27,156, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Moundsville, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Moundsville homeowners decide to finance their solar panel systems to make going solar more affordable.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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Moundsville, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Moundsville know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $11,469 | 14.1 years |
| 8 kW | $3.46 | $19,364 | $15,672 | 13.8 years |
| 10 kW | $3.39 | $23,730 | $20,064 | 13.5 years |
| 12 kW | $3.32 | $27,906 | $24,646 | 13.3 years |
| 14 kW | $3.25 | $31,893 | $29,419 | 13.0 years |
| 16 kW | $3.19 | $35,690 | $34,381 | 12.7 years |
| 18 kW | $3.12 | $39,297 | $39,532 | 12.5 years |
| 20 kW | $3.05 | $42,714 | $44,874 | 12.2 years |
How to Save on Solar Panels
The solar company you go with will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Warranty: If you’re worried about the endurance of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It’s important to read through your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
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 Moundsville, WV Solar Cost FAQs
How much does it cost to install solar panels in Moundsville?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly 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 other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Moundsville?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Is it worth going solar in Moundsville?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can 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 cover 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.