Solar Panel Cost Guide in Point Pleasant, WV (2023 Update)
- Point Pleasant Solar Installation Cost: $20,365
- 25-Year Savings: $28,524
- Payback Period: 10.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Point Pleasant
Here's how much it might cost to make the switch to solar in Point Pleasant.
The national average cost of solar panels is $2.66 per watt, but in Point Pleasant it's 2.64 per watt. The average solar panel system size in Point Pleasant is around 11.0 kilowatts, meaning a cost of about $20,365 for a solar installation, or $29,122 before the 30% federal solar tax credit is applied.
The true price you pay can go above or below the average in Point Pleasant depending on a variety of factors, such as the kind of solar panels you choose and the solar company you hire. Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Point Pleasant can save about $17,000 on their electricity bills over 20 years.
To receive a free quote from a pre-vetted solar installation company in Point Pleasant, you can click the button below.
Solar savings over time in Point Pleasant
| Year | Return on Investment |
|---|---|
| 1 years | $-18,409 |
| 3 years | $-14,498 |
| 5 years | $-10,587 |
| 7 years | $-6,676 |
| 9 years | $-2,765 |
| 11 years | $1,146 |
| 13 years | $5,057 |
| 15 years | $8,968 |
| 17 years | $12,880 |
| 19 years | $16,791 |
| 21 years | $20,702 |
| 23 years | $24,613 |
| 25 years | $28,524 |
Top Solar Installers in Point Pleasant
When going solar, many homeowners choose to use a solar company since overseeing your solar installation yourself can be a time-consuming project. In addition, if you'd like to maximize your investment in solar energy, opting for a solar company can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
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 a solar energy system depends on 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 several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,640. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Point Pleasant, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. 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 Point Pleasant homeowners opt to finance their solar panel systems to make going solar more affordable. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $15,092 | 10.8 years |
| 8 kW | $2.69 | $15,080 | $20,419 | 10.6 years |
| 10 kW | $2.64 | $18,480 | $25,893 | 10.4 years |
| 12 kW | $2.59 | $21,732 | $31,515 | 10.2 years |
| 14 kW | $2.53 | $24,837 | $37,285 | 10.0 years |
| 16 kW | $2.48 | $27,794 | $43,203 | 9.8 years |
| 18 kW | $2.43 | $30,603 | $49,269 | 9.6 years |
| 20 kW | $2.38 | $33,264 | $55,482 | 9.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose greatly impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Look through the contract terms carefully to make sure you understand the total cost, project completion timeline rebates and warranties.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
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 hard question to answer exactly, 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Point Pleasant?
Leasing solar panels can be an appealing choice, because 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Can you sell solar power back to the grid in Point Pleasant?
Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels 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 typically produce about 250 to 400 watt-hours per hour, the average home 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.