Solar Panel Cost Guide in New Baltimore, VA (2024 Update)
- New Baltimore Solar Installation Cost: $20,158
- 25-Year Savings: $21,359
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in New Baltimore
Find out what the average cost of a solar system is in New Baltimore.
The average cost of a solar panel system in New Baltimore is 4 per watt.The average New Baltimore homeowner needs a 8.0-kilowatt system, which would cost about $20,158 with the federal tax credit, or $28,826 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of equipment you want to get, your solar contractor and more.With typical savings of about $17,000 on utility bills over 20 years, many homeowners in New Baltimore find installing solar panels has a decent ROI.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in New Baltimore
| Year | Return on Investment |
|---|---|
| 1 years | $-18,559 |
| 3 years | $-15,361 |
| 5 years | $-12,163 |
| 7 years | $-8,965 |
| 9 years | $-5,767 |
| 11 years | $-2,569 |
| 13 years | $628 |
| 15 years | $3,826 |
| 17 years | $7,024 |
| 19 years | $10,222 |
| 21 years | $13,420 |
| 23 years | $16,618 |
| 25 years | $19,816 |
Top Solar Installers in New Baltimore
Installing solar panels on your own can be a dangerous project, which is why hiring a solar installation company is a good option for many homeowners. Another great thing about using a top solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
If you're looking for a solar company in New Baltimore, we've put together a list of our top suggestions here:
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 New Baltimore
Factors that Affect Solar Panel Costs in New Baltimore
The cost of installing a solar system in New Baltimore can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $3,590 per kilowatt in New Baltimore.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like New Baltimore, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in New Baltimore to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you pick will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $11,845 | 14.2 years |
| 8 kW | $3.66 | $20,506 | $16,196 | 14.0 years |
| 10 kW | $3.59 | $25,130 | $20,747 | 13.7 years |
| 12 kW | $3.52 | $29,553 | $25,500 | 13.4 years |
| 14 kW | $3.45 | $33,775 | $30,454 | 13.1 years |
| 16 kW | $3.37 | $37,796 | $35,608 | 12.9 years |
| 18 kW | $3.30 | $41,615 | $40,964 | 12.6 years |
| 20 kW | $3.23 | $45,234 | $46,521 | 12.3 years |
How to Save on Solar Panels
There are a large number of companies to choose from in New Baltimore, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: When looking over your solar company’s contract, ask questions 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.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
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 New Baltimore, VA Solar Cost FAQs
What is the average cost of installing solar panels in New Baltimore?
The average cost of solar panels in New Baltimore 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in New Baltimore?
You can’t get solar panels for free in New Baltimore. 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.
Is it worth going solar in New Baltimore?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in New Baltimore?
On average, solar panels can last 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 higher 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.