Benefits of Solar Energy
Solar energy offers multiple advantages. Here are some highlights.
- Lowered energy bills: Solar panels allow you to generate your own energy to power your home, reducing your regular electricity costs. You can eliminate your bills completely if you go off-grid.
- Better energy independence: Solar energy can keep your home functioning through blackouts and emergencies, giving you additional security. You can use your solar energy anytime with an optional battery backup system.
- Reduced carbon footprint: Adopting solar is a surefire way to minimize your carbon footprint and home fossil fuel dependency.
What Solar Incentives Are Available to Reston Homeowners?
Virginia's public agencies and power companies offer numerous solar incentives to help minimize your solar system costs. Here is a breakdown of applicable solar programs where you live.
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 Reston
The more thorough your provider search is, the better your solar panels will ultimately function. Here are some crucial criteria to consider while shopping for a solar specialist.
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. Even if a contractor has an AES license, they may still need to subcontract HVAC, electrical or plumbing work. Solar companies can also obtain accreditations from standards organizations and trade groups. The most respected 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 Reston
Your solar modules' style will impact how much electricity you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.
Additional system add-ons, such as battery storage and electric vehicle (EV) chargers, will increase your overall costs. However, they might make your solar system more efficient and convenient to use. Not every solar provider includes these optional components, so look for a company that installs them if it's crucial for you.
If you're a resident of Reston and are considering getting a five-kilowatt solar energy system, you could expect to pay about $17,950 for materials and labor. Find more information on specific component and panel costs in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Reston
There are many ways to pay for new solar panels, and the right one will lower your costs. A few of the most common options include loans, cash payments, power purchase agreements (PPAs), and leases. Most solar experts recommend paying cash or using a solar loan. Cash payments demand a large up-front sum, but they save you from paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Much like a car or home loan, you'll pay a set monthly rate with as little as $0 down. Solar leases allow you to pay a monthly rate to rent your panels, while a PPA lets you pay a fluctuating 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 certain circumstances. Look for contractors that offer several payment plans to find the right fit for your financial needs.
The table below lists the average payback periods for different capacities of solar systems in Reston.
A 26% federal tax credit applies to recently-purchased solar equipment purchased through 2032. Extra 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 Reston
How much money could I save by going solar in Reston?
Is solar energy common in Reston?
Should I anticipate a property value increase after going solar?
How can I determine my site's solar feasibility?
How long will an average solar system last?
What size should my new Reston solar system be?
What's the difference between a PPA and traditional financing?
In contrast, solar loans can come from local banks, specialty lenders, the government and installer. You'll need to pass a credit check to qualify for most of them. While the upfront costs are larger, and you'll be responsible for maintenance, you'll also have total ownership and can apply for many more financial rewards.
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