Solar Panel Savings in Virginia
Virginia gets 4.5 peak sun hours per day with electricity at 13.5¢/kWh. See how much you can save with solar panels.
Solar Panel Cost & Savings by System Size in Virginia
| System Size | Gross Cost | After Credits | Payback | 25-Year Savings | Annual kWh |
|---|---|---|---|---|---|
| 6 kW | $16,500 | $11,550 | 6.8 yrs | $42,178 | 9,855 |
| 8 kW | $22,000 | $15,400 | 8.8 yrs | $41,476 | 13,140 |
| 10 kW | $27,500 | $19,250 | 10.7 yrs | $37,626 | 16,425 |
| 12 kW | $33,000 | $23,100 | 12.4 yrs | $33,776 | 19,710 |
Includes 30% federal ITC + 0% Virginia state credit. Assumes 3% annual electricity rate increase and 0.5% panel degradation.
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Is Solar Worth It in Virginia?
Virginia averages 4.5 peak sun hours per day, which means an 8 kW solar system would produce approximately 13,140 kWh per year. At the state's average electricity rate of 13.5¢/kWh, that translates to significant annual savings on your electric bill.
With the federal 30% Investment Tax Credit and Virginia's 0% state incentive, an 8 kW system costing $22,000 drops to just $15,400 after credits — with a payback period of approximately 8.8 years.
Over 25 years, homeowners in Virginia can expect to save $41,476 with an 8 kW system, factoring in panel degradation and rising electricity costs. The combination of solid sun exposure and federal incentives makes solar a solid investment in Virginia.