Do Solar Panels Make Sense In Virginia

West virginia does not offer solar power purchase agreements or leases.

Do solar panels make sense in virginia. Regardless of the exact cost of installation there are many affordable financing options for solar panel systems. Perhaps it would be a good idea to contact a solar advocacy organization and ask them to fight for solar in your state. And 5kw of solar panels certainly isn t the biggest system most virginian roofs can take. 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.

The payback period to recoup the cost of the system would simply be too lengthy. Solar power in west virginia on rooftops can provide 23 of all electricity used in west virginia from 6 300 mw of solar panels but west virginia will be the last state in the united states to reach grid parity the point where solar panels are cheaper than grid electricity without incentives due to the low cost of electricity about 0 062 kwh. So let s have a play with the numbers to see what sort of return you ll get. We reckon the best way to see how those numbers pan out is to give you an example of how solar works in the real world.

Internal rate of return. Check your savings costs tax breaks incentives and rebates. However the typical output realized for installed pv systems known as the capacity factor is. Tax incentives make all the difference for green energy in general and especially for solar until technology improves sufficiently.

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. 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. West virginia solar power. While solar leases and power purchase.

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. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. The diy option is also well worth a look.

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. In virginia the average solar payback period is 12 52 years.

Return on investment for residential solar power in virginia. Solar panel size is quoted in terms of the theoretical electrical output potential in watts.