Solar Energy in West Virginia
There is some room for improvement when it comes to solar power in West Virginia. There is very little in the way of state-based or utility-based incentives for installing solar. Also, there is no renewable portfolio standard, which is often what pushes utilities to create rebates for customers.
On the bright side, West Virginia has a mandatory net metering policy. West Virginia residents can also take advantage of the 26% federal tax credit.
West Virginia Solar Power Facts
$2.56 watt
Average cost: 5kW solar power system.
Average Payback time
On average it takes 9 Years 5 Months to pay back the system.
Average Lifetime Savings
On average, solar power can save you $60,896 over your lifetime.
5¢ kWh
This is the levelized cost of solar energy.
19¢ kWh
This is the levelized cost of energy without solar panels.
20,222 kWh
Annual power production of home solar panels.
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How much do solar panels cost in West Virginia?
Before 26% solar tax credit
Before 26% solar tax credit
Ave 15 year term, 2.5% price escalator
What are the pros and cons of installing solar panels in West Virginia?
The advantage of installing solar panels in West Virginia is the state’s net metering policy. This means that residents who install a solar system on their home will receive compensation for excess generation their system produces.
The disadvantage of installing solar panels in West Virginia is that there are no state or utility-based incentives. This means that West Virginia residents won’t be able to save as much as residents of other states.
However, the combination of full retail net metering and the 26% federal tax credit still creates the opportunity for great savings. The best time to make the switch to solar in West Virginia is now!