Solar Panel Cost Guide in Teays Valley, WV (2023 Update)
- Teays Valley Solar Installation Cost: $20,434
- 25-Year Savings: $28,455
- Payback Period: 10.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Teays Valley
Let's have a look at the average cost of solar in Teays Valley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Teays Valley, the average cost of a solar system is 2.64 per watt. To cover the typical energy needs of the average home in Teays Valley, most homeowners require a 11.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $20,439, or $29,228 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of going solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy usage and what installation company you go with. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $17,000 over 20 years on energy bills.
Click the button below to get connected to a reputable solar company in your area for a custom quote.
Solar savings over time in Teays Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-18,808 |
| 3 years | $-15,557 |
| 5 years | $-12,305 |
| 7 years | $-9,054 |
| 9 years | $-5,803 |
| 11 years | $-2,551 |
| 13 years | $700 |
| 15 years | $3,951 |
| 17 years | $7,203 |
| 19 years | $10,454 |
| 21 years | $13,705 |
| 23 years | $16,957 |
| 25 years | $20,208 |
Top Solar Installers in Teays Valley
Putting up solar panels by yourself can be a stressful task, which is why getting a solar installer is a good option for many homeowners. Also, companies with a high reputation that cost more upfront could actually save you money in the long term 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 Teays Valley
Factors that Affect Solar Panel Costs in Teays Valley
The cost of installing a solar system in Teays Valley can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Teays Valley, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,640 for each additional kilowatt you need. The model of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Teays Valley to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. 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 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 last major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Teays Valley, you'll have many options to choose from, but each comes at different price points for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that offers the products, warranties and services you want and also fits within your budget.
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 | $14,997 | 10.9 years |
| 8 kW | $2.69 | $15,080 | $20,292 | 10.7 years |
| 10 kW | $2.64 | $18,480 | $25,734 | 10.4 years |
| 12 kW | $2.59 | $21,732 | $31,324 | 10.2 years |
| 14 kW | $2.53 | $24,837 | $37,062 | 10.0 years |
| 16 kW | $2.48 | $27,794 | $42,948 | 9.8 years |
| 18 kW | $2.43 | $30,603 | $48,982 | 9.6 years |
| 20 kW | $2.38 | $33,264 | $55,164 | 9.4 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Installation Process: When making the switch to solar power, it's necessary to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the project timeline.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 Teays Valley, WV Solar Cost FAQs
How much does it cost to install solar panels in Teays Valley?
The average cost of solar panels in Teays Valley is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Teays Valley?
You can't get solar panels for free in Teays Valley. 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.
Does Teays Valley have a net metering program?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Teays Valley?
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.