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.
Although the national average of solar panels is $2.66 per watt, solar panels in Point Pleasant typically cost about 3.Because a 11.0-kW system is needed to cover the energy costs 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.
The true cost of your system can be higher or lower than the average in Point Pleasant based on several factors, such as the type of solar panels you choose and the solar installer you hire.Even with the significant initial cost, the average Point Pleasant homeowner can save about $17,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar company in Point Pleasant that can help you get a more accurate cost estimate for your home.
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
Many homeowners opt for a solar installer since installing solar panels yourself can be challenging. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
Working with a vetted solar installer can help you make the most of your investment in solar. 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 Point Pleasant
Factors that Affect Solar Panel Costs in Point Pleasant
While the average cost of a solar system in Point Pleasant is $26,145, your actual cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $3,390 per kilowatt in Point Pleasant.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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
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 make going solar more affordable.While solar loans make switching to solar energy more accessible for Point Pleasant homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Point Pleasant, and each can charge varying amounts for labor and equipment.Larger national companies usually 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 add-on services like electric car 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 | $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
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Before signing a contract with a solar installer, 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 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?
The average cost of solar panels in Point Pleasant is about $16,950 for a 5-kW system and $33,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Point Pleasant?
Solar panels aren’t free in Point Pleasant, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Point Pleasant?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
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 usually produce about 250 to 400 watt-hours per hour, the average house 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.