Are Solar Panels Worth It in Virginia? The price of solar panels has fallen by more than 80% in the last ten years. Virginia is a state that proves that solar energy can be a good source of income even without government help. Rates of return are strong and savings are measured in tens of thousands of dollars. First, you need to consider your average monthly energy expenditure.
The biggest advantage of solar panels is that they offset your electricity bills, so the more energy you use, the more you save. In general terms, most households that use more than 500 kWh per month are considered good candidates for solar panels. The average Virginian consumes about 1,095 kWh per month, which means solar panels, in general, are quite valuable. Energy consumption in Virginia is also above the national average, which means solar conversion is a better option in Virginia than in many other states, at least from an energy consumption perspective.
You can check your monthly energy consumption in your previous electricity bills. Solar panels are considered more valuable when they can offset a greater part of your energy bills, which means that areas where electricity rates or energy consumption are high are best for solar conversion. For example, the direction in which the roof faces has a significant impact on solar production, and roofs facing south and west are the best options in the U.S. UU.
Even after considering all the metrics to determine if your home is suitable for solar energy, you'll have quite a few things to think about before committing to solar energy. Solar Energy World Offices5681 Main Street, Elkridge, MD 21075100 Twinbridge Drive, Pennsauken, NJ 08110201 Kelsey Lane, Tampa, FL 33619.If you have a good amount of equity in your home, using a loan or HELOC to buy your solar energy system is really an easy way to invest in something that will benefit money for you over time. This state mandate “motivates utilities to encourage residents to switch to solar panels. And that means giving someone who is interested in getting solar panels the best advice on whether solar will work for their situation.
That said, the solar market in Virginia has grown significantly over the past decade, and utility-scale solar, in particular, has become much more prevalent than ever. Solar leases should generally be avoided because they don't allow you to take the federal tax credit, don't increase home value, and provide a much lower ROI, if any, than solar loans and cash purchases. The estimated payback period for your solar panel is important in determining your solar viability, as it simultaneously evaluates your home based on multiple metrics, including system size, system cost, roof shade, and more. The official answer is “it depends, depending on the size of the house, the exposure to sunlight, your average energy bill and whether you pay for solar panels upfront or in installments.
However, some homes in Virginia will not be suitable for solar panels, so you have to consider each additional case. After installing more than 1,500 solar systems, we found that people buying solar energy in Virginia should be aware of these elements. Virginia gets a fair amount of sunshine all year round, which is enough to make an investment in solar energy a worthy endeavor regardless of big incentives. Virginia is becoming known for its excellent incentives and solar programs, which are considered to be some of the best in the country.
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