Benefits of Solar Energy
Solar energy offers multiple benefits. Here are some highlights.
- Lower energy bills: Producing some or all of your own power will save you money on your electric bills long-term. Plus, some states offer net metering programs that allow you to sell your unused energy back to the grid, generating extra credits toward your energy bill.
- Better energy independence: Solar panel systems with battery backups and storage systems operate through power outages and emergencies, and you won't have to depend on the power grid for your safety and well-being.
- Reduced carbon footprint: Embracing solar is a surefire way to minimize your carbon footprint and home fossil fuel dependency.
What Solar Incentives Are Available to Annandale Homeowners?
Virginia homeowners who choose solar could qualify for reimbursements, rebates, tax credits and special financing. Here are just a few of the local incentive offerings.
Incentive Type: Personal Tax Deduction
Incentive Amount:
20% of the sales tax paid by an individual
Incentive Type: Property Tax Incentive
Website: law.lis.virginia.govIncentive Amount:
Depends on the local governing body
Incentive Type: Property Tax Incentive
Website: dmme.virginia.govIncentive Amount:
Varies (local option)
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Annandale
Choosing a company is the first step toward an effective and cost-efficient solar system. Consider all of these aspects in your business search.
Licensing and Training
Since 2012, the Virginia Department of Professional and Occupational Regulation has issued Alternative Energy Systems (AES) licenses to contractors working on solar PV systems. A contractor with an AES license may need to subcontract plumbing, electrical or HVAC work. You should also visit a company's website to learn about its private accreditations. Two of the most respected are the Solar Heating Installer and PV Installation Professional certificates, granted by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Annandale
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power and generally have the highest quality. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total installation cost, but they can maximize your solar system's performance. Not all solar companies provide these extras, so look for a contractor that installs them if it's a priority for you.
Generally speaking, it will cost about $17,950 for a five-kilowatt solar array in Annandale. This table displays more specific prices for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,205 |
Solar Polycrystalline | $940 |
Thin-Film | $550 |
Solar Battery | $771 |
Solar Home EV Charger | $2,893 |
Financing Solar Energy in Annandale
Choosing the optimal financing solution will influence your overall solar system cost and possible savings. Common payment options include loans, leases, power purchase agreements, and cash payments. Though it involves a large up-front payment, cash is the most economical choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the second most effective option. As with a car or home loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for money-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to pay a monthly rate to rent your panels, while a power purchase agreement lets you pay a variable rate based on only the energy you use. We generally don't recommend these options since you won't own your system and are disqualified from solar incentives, but they might be appropriate in particular circumstances. We suggest working with an installer that offers multiple financing options. Ask each agent about what's available, and obtain more than one estimate for the best odds of keeping within your financial plan.
The table below lists the average payback periods for different capacities of solar systems in Annandale.
You are eligible for a 26% federal solar tax credit for new solar power systems until the year 2032. City and state officials and utility companies might also offer rebates, discounts, and dedicated financing plans that could save you more.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.3 years |
2 kW | 4.6 years |
5 kW | 11.6 years |
10 kW | 23.2 years |
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Frequently Asked Questions About Solar in Annandale
How much energy and money could I save per year by switching to solar?
Is solar energy easily accessible in Annandale?
Will solar panels boost my Annandale home value?
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How many estimates should I get before making a final solar company decision?
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