Cost Of Installing Solar Panels In Virginia

With energy prices on the rise this may be the perfect time to go solar.

Cost of installing solar panels in virginia. From virginia data it is shown that the average cost of a solar panel installation ranges from 12 282 to 16 618. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Solar energy costs 0 08 to 0 10 per kwh to produce on average depending on your location.

The feds offer a tax credit of 30 of out of pocket costs so you ll get 5 625 back next april. Solar panels cost 1 77 to 2 20 per watt and a 6 kw solar panel installation for the average home costs from 10 626 to 13 230 after the 30 federal solar tax credit. As of sep 2020 the average cost of solar panels in virginia is 2 66 per watt making a typical 6000 watt 6 kw solar system 11 797 after claiming the 26 federal solar tax credit now available. Here s an example of how the numbers work for a purchase of a 5 kw rooftop solar system in virginia.

The benefits of going solar in virginia federal solar energy tax credit itc without a doubt the federal solar tax credit also referred to as the investment tax credit is one of the best incentives available for property owners in virginia with the itc you can deduct 26 percent of the cost of your solar equipment from your taxes that means major savings on your solar installation. Get free estimates from solar installers near you or view our cost guide below. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. The average cost of installed residential solar power systems is currently 2 60 per watt.

On a cost per watt w basis a solar panel installation in virginia ranges in price from 2 46 to 3 32.