Solar Panel Cost in Virginia: Get 3 Free Quotes From Top Solar Companies in 2024
only
2 minutesWhy having solar panels is a good idea in Virginia
By going solar, you help create an emission-free world of tomorrow, become energy independent, and save hard-earned money on your next energy bill.
Contact us now and we match you with the top solar companies in Virginia, guaranteed 100% free of charge.
Benefits of solar in Virginia
Save money
In the last few years, the cost of solar in Virginia has dropped to record-lows, making solar a very attractive source of electricity. According to our data, installing 12 kW of solar saves the average household in Virginia up to $1,698 - $4,244 on yearly energy bills.
Create your own electricity
On average, U.S. electricity consumers experience 7 hours of power interruption per year. With solar panels on your roof, outages are a thing of the past and you will become energy independent.
Increase your home value
Did you know that solar panels increase your home value? Statistics show that a solar system increases your home value by 4.1% on average.
Contribute to an emission-free world
Every kWh of solar energy means 0.846 lbs less carbon emitted into the atmosphere. A standard 10 kW system saves the equivalent of the weight of 49 F-150 pickup trucks throughout its lifetime.
Other Reasons Why Virginia is a Great Place for Solar
added Solar Capacity 2023
In 2023, Virginia added 1.11 GW in solar capacity. This is enough to power approximately 138,861 houses.
Price Drop / last 10 Years
Over the past decade, the cost of solar energy in Virginia has witnessed a significant drop of 53%.
National Solar Ranking
As per the national solar ranking, Virginia has proven its dedication to harnessing solar energy effectively.
affected by Blackouts
Over the past years 5.37 M residents in Virginia were affected by power outages.
Is solar worth it in Virginia?
Going solar helps you to save a lot of money on your annual energy bill. On average, our data shows that you can expect to save between $1,698 - $4,244 per year, depending on the solar system size and your location.
| System Size | Average Yearly Output | Potential Yearly Savings |
|---|---|---|
8 kW | 11,534 kWh | $ 1,698 |
12 kW | 17,301 kWh | $ 2,547 |
16 kW | 23,068 kWh | $ 3,396 |
20 kW | 28,835 kWh | $ 4,244 |
State-wide solar incentives in Virginia
| Name | Territory | Incentive Type | Details |
|---|---|---|---|
Local Option - Residential Property Tax Exemption for Solar | Virginia | Property Tax Incentive | |
Energy Project and Equipment Financing | Virginia | Loan Program | |
Commercial Solar Property Tax Exemption | Virginia | Property Tax Incentive | |
Small Business & Non-Profit Loan Program | Virginia | Loan Program | |
Local Option- Renewable Energy Machinery and Tools Property Tax Exemption | Virginia | Property Tax Incentive | |
VirginiaSAVES Green Community Loan Program | Virginia | Loan Program | |
Residential Energy Conservation Subsidy Exclusion (Personal) | Federal | Personal Tax Exemption | |
Modified Accelerated Cost-Recovery System (MACRS) | Federal | Corporate Depreciation | |
Residential Energy Conservation Subsidy Exclusion (Corporate) | Federal | Corporate Tax Exemption | |
Energy-Efficient Mortgages | Federal | Loan Program | |
USDA - Rural Energy for America Program (REAP) Grants | Federal | Grant Program | |
Office of Indian Energy Policy and Programs - Funding Opportunities | Federal | Grant Program | |
Clean Renewable Energy Bonds (CREBs) | Federal | Loan Program | |
USDA - Rural Energy for America Program (REAP) Loan Guarantees | Federal | Loan Program | |
U.S. Department of Energy - Loan Guarantee Program | Federal | Loan Program | |
Qualified Energy Conservation Bonds (QECBs) | Federal | Loan Program | |
USDA - High Energy Cost Grant Program | Federal | Grant Program | |
Fannie Mae Green Financing – Loan Program | Federal | Loan Program |
How much do solar panels cost in Virginia?
Currently, the price per watt for solar panels is $2.82/W in Virginia. Given the average solar system size of 8 kW, this means that your solar panel cost is around $22,586 in Virginia (latest data: August 2024).*
Taking state and federal incentives into account, you can expect to save further 30% of the initial cost, bringing the cost of solar in Virginia down to $15,810 (installation size: 8 kW).
About the diagram: The diagram shows the average price for an 8kW solar installation in Virginia after the 30% federal tax incentive deduction. Get 3 free quotes from Quote For Solar and potentially save up to $3,125 compared to the average solar installation cost in Virginia ("Good price").
Solar panels in Virginia at one glance
Is It worth it to go solar in Virginia?
How much do solar panels cost in Virginia?
Are there solar incentives for Virginia?
Do solar panels work in Virginia during winter?
How long does the installation take in Virginia?
Are there finance options for solar installations in Virginia?
Is solar mandatory in Virginia?
Do solar panels increase property taxes in Virginia?
Is solar sales tax exempt in Virginia?
Get 3 Quotes From Reviewed Solar Installers Fast!
For homeowners wishing to install solar energy on their properties, Quote For Solar is the ideal service.
Quote For Solar offers a free and easy single inquiry format for homeowners to obtain multiple offers from local solar companies for their installation needs.
Solar Companies will compete with each other to win your business, which can increase your savings. In addition, you are assured of receiving quotes only from trustworthy and dependable partners with a proven track record.
Furthermore, relevant advice on selecting the right product and installer as well as tax credits available will be included as part of the package.
Installing solar energy through Quote For Solar can result in long-term savings due to lower energy costs, but with no obligation to purchase, there is no cost to obtain the quotes.
