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.

Cost of installing solar panels in virginia.

Solar energy costs 0 08 to 0 10 per kwh to produce on average depending on your location. On a cost per watt w basis a solar panel installation in virginia ranges in price from 2 46 to 3 32. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. The feds offer a tax credit of 30 of out of pocket costs so you ll get 5 625 back next april.

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. 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. Get free estimates from solar installers near you or view our cost guide below. This is higher than the average price of residential solar power systems across the united states which is currently 2 53 per watt.

Installing a typical 5 kw solar system should start at about 18 750. Most homeowners pay between 16 532 and 30 820. 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.

Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.