Cost Of Installing Solar Panels 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.

Cost of installing solar panels in virginia.

Here s an example of how the numbers work for a purchase of a 5 kw rooftop solar system in virginia. From virginia data it is shown that the average cost of a solar panel installation ranges from 12 282 to 16 618. Most homeowners pay between 16 532 and 30 820. Installing a typical 5 kw solar system should start at about 18 750.

With energy prices on the rise this may be the perfect time to go solar. 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. Get free estimates from solar installers near you or view our cost guide below.

The feds offer a tax credit of 30 of out of pocket costs so you ll get 5 625 back next april. The average cost of installed residential solar power systems is currently 2 60 per watt. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. This is higher than the average price of residential solar power systems across the united states which is currently 2 53 per watt.

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