Do Solar Panels Make Sense In Virginia

Regardless of the exact cost of installation there are many affordable financing options for solar panel systems.

Do solar panels make sense in virginia.

While solar leases and power purchase. The diy option is also well worth a look. The payback period to recoup the cost of the system would simply be too lengthy. Perhaps it would be a good idea to contact a solar advocacy organization and ask them to fight for solar in your state.

Solar panel size is quoted in terms of the theoretical electrical output potential in watts. You don t necessarily need to be an expert to make your own solar panels but you do need commitment to see the project through. So let s have a play with the numbers to see what sort of return you ll get. A solar payback period is the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings.

A solar purchase like this will make sense for you if the following is true about you and your current situation. Internal rate of return. West virginia solar power. Tax incentives make all the difference for green energy in general and especially for solar until technology improves sufficiently.

In new jersey homes with solar panels can sell for 9 9 more than homes without solar energy systems. Now let s assume that you re buying a mid sized system 5 kw solar panels on your south facing roof should. Check your savings costs tax breaks incentives and rebates. Return on investment for residential solar power in virginia.

However the typical output realized for installed pv systems known as the capacity factor is. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. It just wouldn t make economic sense assuming you own rather than lease the solar panels. That is a profit of 32 281 for the median valued home in that state.

Check your savings costs tax breaks incentives and rebates. On the other hand if your main reason to install solar is to cut pollution not save money then solar would make sense. West virginia does not offer solar power purchase agreements or leases. How are you financing your solar panel system.

In virginia the average solar payback period is 12 52 years. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.