Solar Panel Cost Guide in Ravenswood, WV (2025 Update)
- Ravenswood Solar Installation Cost: $26,398
- 25-Year Savings: $27,917
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Ravenswood
We break down average solar pricing in Ravenswood.
Although the national average of solar panels is $2.66 per watt, solar panels in Ravenswood generally cost around 3.To cover the typical energy usage of the average home in Ravenswood, most homeowners require a 11.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $26,398, or $37,749 before the federal solar tax credit of 0 is applied.
The true price you pay can be higher or lower than the average in Ravenswood depending on a few factors, such as the kind of solar panels you choose and the solar installer you hire.For most homeowners, the upfront investment in solar is worth paying. On average Ravenswood homeowners see about $17,000 in savings on utility bills over 20 years.
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Solar savings over time in Ravenswood
| Year | Return on Investment |
|---|---|
| 1 years | $-24,772 |
| 3 years | $-21,521 |
| 5 years | $-18,270 |
| 7 years | $-15,018 |
| 9 years | $-11,767 |
| 11 years | $-8,516 |
| 13 years | $-5,264 |
| 15 years | $-2,013 |
| 17 years | $1,238 |
| 19 years | $4,490 |
| 21 years | $7,741 |
| 23 years | $10,992 |
| 25 years | $14,244 |
Top Solar Installers in Ravenswood
When making the switch to solar, many homeowners decide to use a solar company since putting up a solar system yourself can be a challenging project. Plus, if you’d like to maximize your investment in solar power, using a solar installer can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
Working with a professional solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Ravenswood
Factors that Affect Solar Panel Costs in Ravenswood
The cost of installing a solar system in Ravenswood can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require 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 $3,390.The brand and kind of equipment you want 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Ravenswood, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.While solar loans make adopting solar energy more accessible for Ravenswood homeowners, they can also increase the total you pay for your system, depending on your interest rate. 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 final significant cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Ravenswood, you’ll have many options to choose from, but each comes at different price points for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $11,337 | 14.2 years |
| 8 kW | $3.46 | $19,364 | $15,496 | 13.9 years |
| 10 kW | $3.39 | $23,730 | $19,845 | 13.6 years |
| 12 kW | $3.32 | $27,906 | $24,383 | 13.3 years |
| 14 kW | $3.25 | $31,893 | $29,112 | 13.1 years |
| 16 kW | $3.19 | $35,690 | $34,030 | 12.8 years |
| 18 kW | $3.12 | $39,297 | $39,138 | 12.5 years |
| 20 kW | $3.05 | $42,714 | $44,436 | 12.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Contract: Before signing a contract with a solar installer, be sure to look it over completely 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 what services you can expect from them.
EcoWatch's Ravenswood, WV Solar Cost FAQs
What is the average cost of installing solar panels in Ravenswood?
This is a hard question to answer precisely, because the cost depends on a variety of 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 cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Ravenswood?
You can’t get solar panels for free in Ravenswood. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Ravenswood?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How long do solar panels last in Ravenswood?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.