Solar Panels Cost $13k-$24k in Floyd County, VA | August, 2025
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How much do solar panels cost in Floyd County, VA in 2025?
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The average cost per watt for solar systems in Floyd County, VA in August, 2025 is $3.83/W.
You should expect the cost to be $3,830, on average, for every 1000 watts (or 1 kW) of solar energy your solar panel system can generate. We can come to this conclusion by utilizing the rate price cost above. After receiving the 30% federal tax credit, you can expect to pay approximately $13,405, in Floyd County, for a 5 kW solar panel system. Be mindful that a bigger system may be needed to fulfill your energy needs.
To the left, you have the option to select your county and view the average roof size along with the average maximum capacity for solar panel systems in homes in your area. Below is a breakdown of the costs, payback period, and 20-year average savings for a 5 kW system in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Floyd County: $13,405US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Floyd County: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Floyd County: $25,584US Average: $17,429
Solar Potential in Floyd County
Estimated system size and solar electricity production per median viable roof in Floyd County.
Roof size 697sq. ft.
Capacity 9.75kW DC
Electricity 12.1kkWh AC per yr.
Electricity Costs in Floyd County, VA & What that Means for Your Solar Panel Pricing
The average monthly electric bill for Floyd County residents is 186.39, with an average usage of 1,079 kWh. This statistic also comprises data from smaller living spaces like apartments with lower energy consumption.This statistic reflects the energy usage patterns of smaller dwellings, including apartments.
The average electricity rate in Floyd County, VA in August 2025 is 17.28¢ per kWh.
Upfront, a 9 kW solar system is priced at about $34,470, but with a 30% federal tax credit, the total comes down to $24,129.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Floyd County
Below and to the left, you can find a detailed pricing breakdown for various solar panel system sizes installed in Floyd County. The initial cost for more extensive solar systems is greater, but they also offer higher electricity savings and higher income tax credits.
Look at the solar panel cost calculator down and to the right to see the cost and benefit details calculated from an average $186.39 electric bill in Floyd County. For more accurate results, just replace the $186.39 with whatever your typical electricity bill is.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,255 a year
Est. Price
$13,405
Savings from a 5kWthis system
Est. yearly production 7,384 kWh
Est. monthly savings $105
Full payback in 6 years
Environmental Impacts
Reduces CO2 emissions by 2.7 tons a year
Equivalent to planting 124 trees a year
Equivalent to driving 6,679 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,506 a year
Est. Price
$16,086
Savings from a 6kWthis system
Est. yearly production 8,861 kWh
Est. monthly savings $126
Full payback in 7 years
Environmental Impacts
Reduces CO2 emissions by 3.24 tons a year
Equivalent to planting 149 trees a year
Equivalent to driving 8,015 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,757 a year
Est. Price
$18,767
Savings from a 7kWthis system
Est. yearly production 10,337 kWh
Est. monthly savings $146
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 3.78 tons a year
Equivalent to planting 174 trees a year
Equivalent to driving 9,351 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $2,008 a year
Est. Price
$21,448
Savings from a 8kWthis system
Est. yearly production 11,814 kWh
Est. monthly savings $167
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 4.32 tons a year
Equivalent to planting 198 trees a year
Equivalent to driving 10,686 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,259 a year
Est. Price
$24,129
Savings from a 9kWthis system
Est. yearly production 13,291 kWh
Est. monthly savings $186
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 4.8 tons a year
Equivalent to planting 220 trees a year
Equivalent to driving 11,876 mi less a year
Floyd County Solar Panel Installation Incentives & Rebates | 2025
The REAP Grant currently offers between 80% and 100% support for the installation costs of solar energy or wind turbines for rural small businesses and farmlands. If you feel you might be in this category, we suggest confirming your qualification with our REAP Grant eligibility tool.
For those considering residential solar, the 30% federal income tax credit is offered to nearly everyone, which makes solar power a smart investment in various parts of the country. State and local efforts are also in place to enhance the growth of solar energy use.
In Virginia, different utilities and government organizations offer 9 solar rebate and incentive initiatives.
Solar incentives in VAIncentive Description Value
Commercial Solar Property Tax Exemption
Value:Varies
In June of 2000, Austin passed Resolution No. 000608-43, mandating that all newly constructed dwellings must be built to conform with the U.S. Green Building Council Leadership in Energy and Environmental Design (LEED) Silver. This policy was further revised and enhanced in November 2007 under Resolution No. 20071129-045 to set two additional criteria for instigating the LEED Silver requirement for both new construction and major renovations. Likewise, home renovations smaller in scope but costing $300,000 or more and requiring work in the LEED energy and atmosphere, material and resources, must, at a minimum, necessarily achieve LEED Silver certification.
Net Metering
Value:Varies
In Virginia, renewable energy customers may enroll in net metering contracts to receive compensation for using their generation equipment. Net metering is standardized for private and cooperative electric utilities, but not for local public utilities. Upon approval of a customer's net metering application, their utility will install a bidirectional meter onto the system to measure net excess generation (NEG) sent back to the grid. Customers will be compensated per kW of NEG at a fixed avoided-cost rate. Fees may apply depending on system capacity and jurisdiction. Additional information is available from individual utilities.
Local Option - Residential Property Tax Exemption for Solar
Value:Varies
In Virginia, local and county governments may choose to promote solar energy adoption and recycling equipment through property tax incentives. Participating localities may implement either partial or total exemptions on any equipment used to generate, store, or distribute solar power or energy for heating/cooling. Any solar PV and active/passive water or space heater may qualify. Additional information is available from local governments.
Energy Project and Equipment Financing
Value:Varies
Over the roughly the last two decades, The City of Austin instituted several ambitious energy efficiency codes, policies, and programs. In February 2007, its city council signed into law the Austin Climate Protection Plan that promoted the drafting of a wide diversity of new building codes intended to reduce energy consumption in new single-family homes by 65% and other buildings both private and public, by 75%. Prior to this, Austin introduced the first green building program in the U.S. with the Austin Energy Green Building (AEGB) that proposed a five-star rating system for assessing energy efficiency. While buildings must meet the prescriptive code requirements of the 2015 International Energy Conservation Code, Chapter 4, regarding the Commercial rating, meeting the series of Basic Requirements (required for all AEGB rated projects) are considered voluntary.
City of Danville - Net Metering
Value:Varies
The city of Danville has set local net metering standards for interconnected renewable energy systems. To begin net metering, a solar energy system owner should notify the city at least 30-60 days before interconnection (depending on their system's capacity.) The city requires compliance with IEEE/UL standards, minimum liability insurance coverage, and the installation of external disconnect switches. Once all interconnection standards are satisfied, net excess generation will be credited to the owner's energy bill at an avoided-cost rate. Additional information is available from the city website.
Small Business & Non-Profit Loan Program
Value:Varies
In 2009, Forth Worth voted to adopt the 2009 International Energy Conservation Code to include such amendments as the City Building Code. In accordance with State Law, The City of Forth Worth presently enforces the 2015 International Conservation Code with all amendments thereto. Both the 2015 International Energy Conservation Code with amendments and Code 2013 ASHRAE 90.1 are effectively used in Forth Worth to maintain state-level compliance with the Texas energy conservation mandate for all commercial buildings within the state.
Local Option- Renewable Energy Machinery and Tools Property Tax Exemption
Value:Varies
In 2014, Houston passed a municipal law, Ordinance No. 2014-5 in the year 2014 that made it a requirement for new residential construction to exceed the energy efficiency requirements under the 2009 International Energy Conservation Code (IECC) by 15%. The City of Houston then legislated to bring itself in alignment with Chapter 11 of the 2015 IECC and its amendments, per state law. Before that time, in 2008, Houston effectuated the City of Houston Commercial Energy Conservation Code based on ANSI/ASHRAE/IESNA Standard 90.1-2004.
Green Job Creation Tax Credit
Value:Varies
Oncor residential customers can take advantage of rebates offered by its utility, Oncor Electric Delivery, after installing a photovoltaic (PV) system on their properties. Residential homeowners, service providers, and third parties, alike, are eligible for the rebate. To qualify, the home must have Oncor Systems as its electric delivery service provider, the systems are required to be new, connected to the grid, and meet all applicable code requirements. Installations must be performed by approved service providers who meet the program’s eligibility requirements.
VirginiaSAVES Green Community Loan Program
Value:Varies
Members of CoServ Electric Cooperative can access a rebate program available to them after installing a solar energy system on their property. To qualify, customers are required to execute an interconnection agreement (with net metering) for on-site generation with CoServ. All energy that’s acquired from generation produced by the system is given to CoServ without compensation. Concerning this rebate program, interested parties should contact the utility directly or visit their homepage for the most up-to-date information.
Are solar panels worth it in Floyd County, VA?
If you're intending to stay in your home past the period required to pay back your solar investment, installing solar panels is a good decision in Floyd County. By installing a 5 kW solar system in Floyd County, VA, you can expect to save approximately $31,328.6 over 20 years, with the break even point usually being 6 years.
The cost of not having solar panels in Floyd County, VA
In addition to missing out on the savings discussed previously, not installing solar panels or another form of backup power results in you being completely dependent on your electric utility. Full reliance on your utility provider isn't always the best idea, as recent examples in the news have shown.
In Floyd County, there are about 1.55 outages per customer annually. Outages typically last for an average of 276.97 minutes. Major occurrences like lightning strikes, vandalism, or grid management errors can lead to a significant rise in these time frames.
See the graphic below to see the number of current electricity customers without power in Floyd County.
Even without a backup battery, a solar panel system can mitigate the stress of future outages you may experience.
Power Outages
Currently, 0 customers are being tracked in Floyd County.
What impacts the cost of solar panels in Floyd County, VA?
Your Energy Needs - Even though larger solar panel systems are more costly, the average cost per watt diminishes as the system size grows. For most homeowners, setting up a system that can make enough power to fully offset their entire electric bill is advantageous, providing significant savings.
Make & Model - Solar panels, just like many other products, are available in a variety of makes and models. Choosing an contractor with specific brand preferences means it's even more important essential to go with a recommended company. Consumers who prioritize better materials usually enjoy a more favorable long-term experience.
Solar Panel Type - For several reasons, monocrystalline panels have become the standard in the industry. Although they are more expensive, they provide increased energy. Most installers work with panels made from this material.
Your Property - Trees, uneven landscapes, or other hindrances can make the installation process more challenging. Nowadays, many solar installers can assess your home with satellite images and include these factors in the initial cost estimate.
Labor Rates - The wages employees get from their employers are different, and these costs are transferred to the consumers. Often, companies paying more in wages also enjoy higher ratings for their services and customer service.
Permitting & Interconnection - Your final installation price will be impacted by the permitting and utility interconnection fees, which change by area. Experienced local installers will include these numbers into your first quotes to prevent any surprises.
See what solar panels cost in other Floyd County cities
Solar systems for selling electricity back to the grid.
Expertise in consulting on advantageous financing for solar.
Floyd County, VA Solar Panel Cost FAQs
In August, 2025, the average cost of solar panels per watt in Floyd County, VA is $3.83/W. With the federal tax credit, the cost of a 5 kW solar panel system in Floyd County, VA drops to roughly $13,405.
If you live in Virginia, you can find 9 rebates and incentives through different utilities and government agencies. In addition, the 30% federal income tax credit is available to almost everyone.
Cash payments yield the highest savings, yet several financing options now available for solar panels are advantageous as well. Installers frequently provide financing options and will include them in your initial quotes.
Yes, the average time to recoup the cost of 5 kW solar panels in Floyd County, VA is 6 years, with homeowners saving an average of $31,328.6 on electricity over 20 years.
Savings from 
Environmental Impacts 
