Benefits of Solar Energy
Solar energy comes with multiple advantages. Let's look at a few of them.
- Lowered energy bills: Solar panels let you generate your own energy to power your home, lowering your monthly electricity costs. Going off-grid can eliminate your bills completely.
- Reduced carbon footprint: Embracing solar is a surefire way to minimize your carbon footprint and home fossil fuel dependency.
- Better energy independence: Solar energy can keep your home functioning through emergencies and blackouts. You can use your solar energy anytime with an optional battery storage system.
What Solar Incentives Are Available to McLean Homeowners?
Governments and power companies often incentivize homeowners for switching to solar. Here are some of the tax credits, rebates, or other programs you could qualify for.
Incentive Type: Personal Tax Deduction
20% of the sales tax paid by an individual
Incentive Type: Property Tax IncentiveWebsite: law.lis.virginia.gov
Depends on the local governing body
Incentive Type: Property Tax IncentiveWebsite: dmme.virginia.gov
Varies (local option)
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
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 McLean
The purchase price and performance of solar panels often hinge on the solar company that mounted them. Make your choice based on the following crucial aspects.
Licensing and Training
Since 2012, Virginia's Department of Professional and Occupational Regulation has issued Alternative Energy Systems (AES) licenses to contractors installing solar photovoltaic systems. A contractor with an AES license may need to subcontract plumbing, HVAC or electrical work. Solar providers can also obtain certifications from trade groups and standards organizations. The top ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in McLean
The type of solar panels you choose dictates how much energy you can produce. Monocrystalline panels cost more but give you the best performance. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't the best for large residential installations, but they are excellent accessories for non-traditional roofs.
Additional accessories, such as battery storage and electric vehicle (EV) chargers, will add to your overall costs. However, they might make your solar system more efficient and convenient to use. Not every solar company provides these add-ons, so look for a contractor that sells them if it's a priority for you.
If you're a resident of McLean and are looking into a five-kilowatt solar energy system, you could plan to spend about $17,950 for materials and labor. See more information on specific component and panel costs in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in McLean
There are a plethora of ways to pay for a new solar system, and the right one will help you decrease overhead. A few of the most common options include cash payments, loans, leases, and power purchase agreements (PPAs). We advise making a cash payment or securing a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar incentives to minimize your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still enjoying energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate determined by the energy you use, akin to an electric bill. We typically don’t recommend these two options because you won't own the system and cannot use solar incentives. We suggest working with a company that offers multiple financing options. Ask each agent about what's available, and acquire more than one estimate for the best odds of keeping within your spending limits.
The table below lists the average payback periods for different capacities of solar systems in McLean.
A 26% federal tax credit applies to recently-purchased solar equipment purchased through 2032. Further incentives may be available through city and state governments, usually in the form of rebates and special financing programs.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in McLean
How much money could I save by going solar in McLean?
Is solar energy widely available in McLean?
Should I anticipate a boost in my property value after installing solar panels?
What upkeep do my solar panels need, and how often do they need it?
What's the average solar system size in McLean?
What is the average payback period for McLean solar panels?
How can I maximize my solar system's performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
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