Everything You Need to Know About Virginia Solar Panel Costs, Incentives, and Installers
Solar energy is becoming more and more popular in Virginia due to its abundance of sunny days, rising electricity rates, and attractive incentives. In this article, we’ll dive deeper into the benefits of solar panels in Virginia and explore some trusted solar companies.
Virginia Solar Panel Costs
The cost of a solar panel system for your home in Virginia depends on several factors, such as the size of the system, your energy consumption, and the installer you choose. FindEnergy.com reports that an 8-kilowatt solar system in Virginia can save homeowners an average of $122 per month, with a payback period of around 22 years, not including incentives.
According to data from Find Energy and the Lawrence Berkeley National Lab, the cost of solar in Virginia is slightly higher than the national average. However, solar financing options and incentives can help make solar more affordable for Virginia residents.
Solar Financing Options in Virginia
There are several financing options available for Virginia residents who want to install solar panels. Some of these options include solar loans, solar leases, and power purchase agreements. With a solar loan, you can finance the purchase of your solar panel system and pay it off over time. A solar lease allows you to rent a solar panel system from a provider, and a power purchase agreement allows you to buy the electricity produced by the solar panels from a third party.
Virginia Solar Panel Incentives and Rebates
Virginia has several incentives and rebates for solar panel installations. For example, homeowners who install solar panels can receive a property tax exemption of up to 20% of the assessed value of the solar energy equipment. In addition, Virginia residents can take advantage of the federal Residential Clean Energy Credit, which offers a 30% tax credit for solar panel systems purchased from 2022 through 2032.
Trusted Virginia Solar Panel Installers
Here are some of the most trusted solar panel installers in Virginia:
- Nova Solar: With over 15 years of experience, Nova Solar offers design and installation services to residents in Virginia, Maryland, and Washington, D.C. They use REC Alpha solar panels, which come with an extended warranty of 25 years. Nova Solar also provides a 20-year quality of work warranty on all of their installations.
- Palmetto Solar: Palmetto Solar has been in the solar industry since 2010 and now offers installation services in 26 states, including Virginia. They offer Q Cells and REC Alpha solar panels with a 25-year performance warranty. Palmetto also provides a subscription service called Palmetto Protect, which monitors your solar system’s performance and any necessary maintenance.
- SunPower Solar: SunPower Solar is a national solar company headquartered in California. They produce their own branded products, including Maxeon solar panels and SunValut solar batteries. Although their products may be more expensive than competitors’, they come with a 92% production guarantee after 25 years, compared to the 85% guarantee offered by many other companies.
In conclusion, installing solar panels in Virginia is a great investment for homeowners looking to reduce energy costs and help the environment. With the help of incentives, financing options, and trusted installers, going solar in Virginia has never been easier.