Solar Panel Cost Guide in Lincolnia, VA (2024 Update)
- Lincolnia Solar Installation Cost: $20,263
- 25-Year Savings: $20,682
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Lincolnia
Find out what the average cost of a solar system is in Lincolnia.
The national average cost of solar panels is $2.66 per watt, but in Lincolnia it’s 4 per watt.The average solar panel system size in Lincolnia is around 8.1 kilowatts, meaning a cost of about $20,263 for a solar installation, or $28,976 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will differ based on factors unique to your home and what company you choose to go with.Many homeowners find going solar is a sound investment. The average homeowner in Lincolnia can save about $17,000 on their electricity bills over 20 years.
To get a free estimate from a pre-vetted solar company in Lincolnia, you can click the button below.
Solar savings over time in Lincolnia
| Year | Return on Investment |
|---|---|
| 1 years | $-18,664 |
| 3 years | $-15,466 |
| 5 years | $-12,268 |
| 7 years | $-9,070 |
| 9 years | $-5,872 |
| 11 years | $-2,674 |
| 13 years | $524 |
| 15 years | $3,722 |
| 17 years | $6,919 |
| 19 years | $10,117 |
| 21 years | $13,315 |
| 23 years | $16,513 |
| 25 years | $19,711 |
Top Solar Installers in Lincolnia
Many homeowners opt for a solar installation company since trying to install solar panels by yourself can be time-consuming. Another good thing about choosing a reliable solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
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 in Lincolnia:
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 Lincolnia
Factors that Affect Solar Panel Costs in Lincolnia
The cost of installing a solar system in Lincolnia 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 household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need 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 $3,590.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Lincolnia average.
Solar Financing Terms
Most solar installers in Lincolnia have solar loans, which reduce your upfront costs of installing solar panels.Although solar loans make going solar more accessible for Lincolnia homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Lincolnia is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for instance, you’ll have no shortage of solar installers that provide a range of services at different costs.Additionally, some companies in Lincolnia are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $11,259 | 14.6 years |
| 8 kW | $3.66 | $20,506 | $15,414 | 14.3 years |
| 10 kW | $3.59 | $25,130 | $19,770 | 14.0 years |
| 12 kW | $3.52 | $29,553 | $24,327 | 13.7 years |
| 14 kW | $3.45 | $33,775 | $29,085 | 13.4 years |
| 16 kW | $3.37 | $37,796 | $34,045 | 13.2 years |
| 18 kW | $3.30 | $41,615 | $39,205 | 12.9 years |
| 20 kW | $3.23 | $45,234 | $44,566 | 12.6 years |
How to Save on Solar Panels
There are a large number of companies available in Lincolnia, 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:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
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 Lincolnia, VA Solar Cost FAQs
How much does it cost to install solar panels in Lincolnia?
The average cost of solar panels in Lincolnia is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Lincolnia?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Lincolnia?
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 many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.