Buy Solar Panels In Virginia

However in virginia residential electricity is about 0 12 per kwh which is near the national average according to the u s.

Buy solar panels in virginia.

Average electricity costs in virginia. In virginia the average solar payback period is 12 52 years. You just buy the power the panels produce through a power purchase agreement or ppa. High utility costs generally drive up the use of solar power.

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 recent study found that solar panels are viewed as upgrades just like a renovated kitchen or a finished basement and home buyers across the country have been willing to pay a premium of about 15 000 for a home with an average sized solar array. The consensus on virginia solar power rebates and incentives. That s probably just as well since consumers in other states have gotten burned by bad ppa deals.

My son in law s maryland business just paid 300 000 to buy panels to cover their entire roof. But this option is not generally available to homeowners in virginia. Additionally there is evidence homes with solar panels sell faster than those without. Energy information administration the price has been relatively steady since 2011 indicating that there hasn t been a huge shift in the supply or demand.

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