Solar Panel Cost Guide in Point Pleasant, WV (2024 Update)
- Point Pleasant Solar Installation Cost: $26,145
- 25-Year Savings: $28,528
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Point Pleasant
Find out what the average cost of solar panel installation is in Point Pleasant.
In Point Pleasant, solar panels cost about 3 per watt on average.Because a 11.0-kW system is needed to cover the energy usage of a typical home in Point Pleasant, the average price of going solar will be about $26,145 after claiming the federal solar tax credit of 0.
These figures are only averages, and how much solar costs for you will most likely differ based on your energy needs and what company you choose to go with.For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $17,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar company in Point Pleasant for a customized quote.
Solar savings over time in Point Pleasant
| Year | Return on Investment |
|---|---|
| 1 years | $-24,519 |
| 3 years | $-21,268 |
| 5 years | $-18,016 |
| 7 years | $-14,765 |
| 9 years | $-11,514 |
| 11 years | $-8,262 |
| 13 years | $-5,011 |
| 15 years | $-1,760 |
| 17 years | $1,492 |
| 19 years | $4,743 |
| 21 years | $7,994 |
| 23 years | $11,246 |
| 25 years | $14,497 |
Top Solar Installers in Point Pleasant
Do-it-yourself 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 panel installer can make switching to solar power much easier. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can get a free estimate 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 Point Pleasant
Factors that Affect Solar Panel Costs in Point Pleasant
For many Point Pleasant homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Point Pleasant, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,390 per kilowatt in Point Pleasant.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Point Pleasant average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Point Pleasant homeowners choose to finance their solar panel systems to offset upfront costs.You’ll have to consider the long-term cost of loans, including the total 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 more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Point Pleasant is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets.Additionally, some companies in Point Pleasant are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $11,816 | 13.9 years |
| 8 kW | $3.46 | $19,364 | $16,135 | 13.6 years |
| 10 kW | $3.39 | $23,730 | $20,643 | 13.4 years |
| 12 kW | $3.32 | $27,906 | $25,341 | 13.1 years |
| 14 kW | $3.25 | $31,893 | $30,229 | 12.8 years |
| 16 kW | $3.19 | $35,690 | $35,307 | 12.6 years |
| 18 kW | $3.12 | $39,297 | $40,575 | 12.3 years |
| 20 kW | $3.05 | $42,714 | $46,032 | 12.0 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project timeline.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- 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 the warranty covers and if there are any guarantees about energy production.
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 Point Pleasant, WV Solar Cost FAQs
How much does it cost to install solar panels in Point Pleasant?
This is a difficult question to answer exactly, because the cost depends on a variety of 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 other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Point Pleasant?
You can’t get solar panels for free in Point Pleasant. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Point Pleasant?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.