Solar Panel Cost Guide in Grafton, WV (2024 Update)
- Grafton Solar Installation Cost: $27,598
- 25-Year Savings: $24,719
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Grafton
Find out what the average cost of solar panels are in Grafton.
The average cost of a solar panel system in Grafton is 3 per watt.To account for the typical energy needs of the average home in Grafton, most homeowners require a 11.6-kilowatt system. Using the figure above, a solar installation costs about $27,598, or $39,465 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what installation company you go with.Despite the large initial cost, the average Grafton homeowner can save about $16,000 on their power bills over 20 years, which is one of the benefits of solar.
To receive a free estimate from a vetted solar installer in Grafton, you can click the button below.
Solar savings over time in Grafton
| Year | Return on Investment |
|---|---|
| 1 years | $-26,169 |
| 3 years | $-23,310 |
| 5 years | $-20,451 |
| 7 years | $-17,592 |
| 9 years | $-14,733 |
| 11 years | $-11,874 |
| 13 years | $-9,015 |
| 15 years | $-6,156 |
| 17 years | $-3,298 |
| 19 years | $-439 |
| 21 years | $2,420 |
| 23 years | $5,279 |
| 25 years | $8,138 |
Top Solar Installers in Grafton
Although you can install solar panels yourself, it takes extra labor and know-how. Because of that, almost all homeowners choose to hire a solar panel installer. Companies can also offer access to a large variety of the best solar panels and help you pick which one will be right for your home.
If you’d like to start using solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers near you:
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 Grafton
Factors that Affect Solar Panel Costs in Grafton
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Grafton: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,390. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable choice because they lower your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also adds to your overall costs, so it’s vital to keep that in mind as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Grafton is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services at different price points.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.53 | $14,808 | $9,033 | 15.5 years |
| 8 kW | $3.46 | $19,364 | $12,423 | 15.2 years |
| 10 kW | $3.39 | $23,730 | $16,004 | 14.9 years |
| 12 kW | $3.32 | $27,906 | $19,774 | 14.6 years |
| 14 kW | $3.25 | $31,893 | $23,734 | 14.3 years |
| 16 kW | $3.19 | $35,690 | $27,884 | 14.0 years |
| 18 kW | $3.12 | $39,297 | $32,224 | 13.7 years |
| 20 kW | $3.05 | $42,714 | $36,754 | 13.4 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
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 Grafton, WV Solar Cost FAQs
How much does it cost to install solar panels in Grafton?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $16,950 for a 5-kW system and $33,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Grafton?
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 level 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.