Solar photovoltaic systems, on average, can cost between $10,000 – $25,000, and have an average payback period of 8-13 years. The cost of solar power depends on energy usage, on the number of panels installed, and whether your site is suitable for rooftop solar or ground-mounted solar.
In addition to the campaign pricing noted below, home and business owners can access the 26% federal tax credit.
Sample of Pricing for a 10kW Solar System
In 2020, the average size Solarize system was 10kW (10,000 watts). With the pricing noted above, a 10kW system with US-made panels and microinverters would be priced at $2.45 (the average per watt price for the state of Virginia is $3.01) for a total cost of $24,500. The 26% Federal Income Tax Credit will reduce that to $18,130.
A 10kW system will product between 600 and 1,300 kWh/month, or approximately 12,000 kWh/year. This level of production will save a household about $115/month (or $1,384/year).
Additional Charges May Apply for the Following (case-by-case)
- Panels installed on more than 2 roof planes
- Extensive/difficult cabling for on-line monitoring functionality
- Tilt legs for roof mounted arrays
- Electrical modifications to the existing service other than net-metered back fed breaker installation • Grid-tied Battery back-up power installation
- Off-grid battery back-up power installation
- Rocks in trenching line
- Copper, slate, tile, or shake roofs
- Line side tap (if needed)
- Service shutdown (if needed)
- Multiple string inverters
- Extended inverter warranties
- Non-standard color panels or frames
- Premium panel upgrade