Solar Panel Cost Guide in Abingdon, VA (2024 Update)
- Abingdon Solar Installation Cost: $20,524
- 25-Year Savings: $20,116
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in Abingdon
Let’s take a look at the average cost of solar panels in Abingdon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Abingdon, the average cost of a solar system is 4 per watt.Using this figure, a typical 8.2-kW system would cost about $20,524 before the 0 federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely look different based on your energy needs and what company you choose to go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Abingdon can save about $17,000 on their electricity bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Abingdon
| Year | Return on Investment |
|---|---|
| 1 years | $-19,104 |
| 3 years | $-16,265 |
| 5 years | $-13,425 |
| 7 years | $-10,586 |
| 9 years | $-7,746 |
| 11 years | $-4,907 |
| 13 years | $-2,068 |
| 15 years | $772 |
| 17 years | $3,611 |
| 19 years | $6,451 |
| 21 years | $9,290 |
| 23 years | $12,129 |
| 25 years | $14,969 |
Top Solar Installers in Abingdon
Trying to install solar panels yourself can be a dangerous undertaking, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar companies provide can be useful as well, especially if you don’t quite know what kind of solar equipment you need.
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 National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Abingdon
Factors that Affect Solar Panel Costs in Abingdon
For many Abingdon homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Abingdon, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in Abingdon, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $3,590 for each additional kilowatt you need.The brand and type of equipment you get 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Abingdon to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.However, the interest on solar loans also adds to your total costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies in Abingdon, and each can charge different amounts for labor and equipment.Companies that 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 cost more. It’s best to do some research and go with the company that provides the products, warranties and services you want and also fit into 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 | $3.73 | $15,681 | $10,647 | 14.9 years |
| 8 kW | $3.66 | $20,506 | $14,598 | 14.6 years |
| 10 kW | $3.59 | $25,130 | $18,750 | 14.3 years |
| 12 kW | $3.52 | $29,553 | $23,103 | 14.0 years |
| 14 kW | $3.45 | $33,775 | $27,658 | 13.7 years |
| 16 kW | $3.37 | $37,796 | $32,413 | 13.5 years |
| 18 kW | $3.30 | $41,615 | $37,369 | 13.2 years |
| 20 kW | $3.23 | $45,234 | $42,526 | 12.9 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Abingdon, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Abingdon, VA Solar Cost FAQs
What is the average cost of installing solar panels in Abingdon?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,950 for a 5-kW system and $35,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Abingdon?
You can’t get solar panels for free in Abingdon. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $877.60 per year.
How long do solar panels last in Abingdon?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.