Solar Panels Cost $11k-$21k in Lexington city, VA | August, 2025
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How much do solar panels cost in Lexington city, VA in 2025?
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In the month of August, 2025 in Lexington city, VA you'll pay approximately $3.42 per watt to go solar.
So, for every 1000 watts (or 1 Kw) your system can generate you will spend $3,420 to get your system installed in . When you consider the 30% federal tax credit, you can expect to pay around $11,970 for a 5 kW system in Lexington city. However, a 5kW systemmay not be enough to fulfill your energy needs.
On the left-hand side, pick your county to determine the average roof size and the average maximum capacity for solar panel systems on homes within your area. Displayed 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.
Lexington city: $11,970US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Lexington city: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Lexington city: $18,302US Average: $17,429
Solar Potential in Lexington city
Estimated system size and solar electricity production per median viable roof in Lexington city.
Roof size 697sq. ft.
Capacity 9.75kW DC
Electricity 12.1kkWh AC per yr.
Electricity Costs in Lexington city, VA & What that Means for Your Solar Panel Pricing
The typical electricity bill for a Lexington city resident is 147.51, with a monthly consumption of 1,034 kWh. Please note that this statistic includes apartments and smaller homes, which typically have reduced energy needs.
For August 2025, the mean electricity rate in Lexington city, VA is 14.26¢ per kWh.
Initially, a 9 kW setup is priced at $30,780, but after a 30% tax credit, you’re looking at a total of $21,546.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Lexington city
Displayed on the left and below is the price breakdown for different sizes of the solar panel systems installed in Lexington city. While a more extensive solar installation has a higher price, it also yields higher electricity savings and more substantial income tax credits.
The solar panel cost calculator to the right and below breaks down costs and benefits, using an average $147.51 electric bill in Lexington city Change the $147.51 to your average bill payment for custom results.
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 $1,034 a year
Est. Price
$11,970
Savings from a 5kWthis system
Est. yearly production 7,384 kWh
Est. monthly savings $86
Full payback in 7 years
Environmental Impacts
Reduces CO2 emissions by 2.79 tons a year
Equivalent to planting 128 trees a year
Equivalent to driving 6,913 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,240 a year
Est. Price
$14,364
Savings from a 6kWthis system
Est. yearly production 8,861 kWh
Est. monthly savings $103
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 3.35 tons a year
Equivalent to planting 154 trees a year
Equivalent to driving 8,295 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,447 a year
Est. Price
$16,758
Savings from a 7kWthis system
Est. yearly production 10,337 kWh
Est. monthly savings $121
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 3.91 tons a year
Equivalent to planting 180 trees a year
Equivalent to driving 9,678 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,654 a year
Est. Price
$19,152
Savings from a 8kWthis system
Est. yearly production 11,814 kWh
Est. monthly savings $138
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 4.47 tons a year
Equivalent to planting 205 trees a year
Equivalent to driving 11,060 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,861 a year
Est. Price
$21,546
Savings from a 9kWthis system
Est. yearly production 13,291 kWh
Est. monthly savings $148
Full payback in 12 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
Lexington city Solar Panel Installation Incentives & Rebates | 2025
The REAP Grant can potentially cover between 80% and 100% of the installation costs for photovoltaic or wind turbines for rural small businesses and farms. If you believe yourself eligible, we recommend utilizing our REAP Grant eligibility tool to confirm your qualification.
Most residents can qualify for a 30% federal income tax credit for residential solar, which makes it a practical option in numerous areas of the United States. Along with that, there are several state and local efforts designed to further encourage the uptake of solar energy.
Virginia offers 9 solar rebate and incentive initiatives through different utilities and government agencies.
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 Lexington city, VA?
If you're planning to stay in your home past the period required to pay back your solar investment, installing solar panels is a good decision in Lexington city. If you install a 5 kW solar system in Lexington city, VA, you might save $23,432.4 over 20 years on average, with a break even point at around 7 years.
The cost of not having solar panels in Lexington city, VA
Beyond forgoing the savings, the absence of solar panels or another backup energy source results in full dependence on your electric utility for your power needs. As shown by many recent news reports, full reliance on your utility is not always ideal.
Yearly, customers in Lexington city have encountered approximately 1.32 utility outages.Yearly, customers in Lexington city have encountered approximately 1.32 utility outages. Usually, outages have an average duration of 89.9 minutes. However, during critical events like equipment failure, wildfires or vandalism, these times can extend dramatically.
View the graphic below to see the number of current electricity customers without power in Lexington city.
Whether it includes a backup battery or not, a solar panel system could ease the burden of any future power interruptions you may experience.
Power Outages
Currently, 0 customers are being tracked in Lexington city.
What impacts the cost of solar panels in Lexington city, VA?
Your Energy Needs - The initial investment for larger solar panel installations is greater, but the average price per watt drops as the system grows. Many consumers realize it's a great idea to set up a solar system that can produce enough power to fully cover their electric bill, because it helps them save more money.
Make & Model - Just like other products, solar panels and mounting equipment are available in a range of makes and models. The potential brand preferences of your selected installer make it essential to choose a recommended company. For buyers desiring a better long-term experience, opting for higher quality makes and models is critical.
Solar Panel Type - For good reason why monocrystalline panels are now the industry standard. These panels cost more but yield a higher energy efficiency. The majority of installers in the industry work with panels made from this material.
Your Property - Each property and home has its own unique features. Uneven ground, trees, or other challenges may add to the difficulty of the installation. Solar installers today frequently utilize satellite imagery to evaluate your home and factor in these factors into the preliminary cost estimate.
Labor Rates - Employees receive varied wages from different companies, and these costs are passed on to the consumers. Usually, companies paying more in wages also enjoy higher ratings for their services and customer service.
Permitting & Interconnection - Installation costs will be impacted by varying local permitting and utility interconnection fees, depending on the region. Good installers will factor these costs into your preliminary quotes to prevent unexpected expenses.
See what solar panels cost in other Lexington city cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Lexington city?
Solar systems for selling electricity back to the grid.
Expertise in consulting on advantageous financing for solar.
Lexington city, VA Solar Panel Cost FAQs
As of August, 2025, the average per-watt cost for solar panels in Lexington city, VA is $3.42/W. After federal tax credits, the installation of a 5 kW solar panel system in Lexington city, VA is estimated to cost $11,970.
In Virginia, you have access to 9 rebates and incentives provided by numerous utilities and government organizations. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
Choosing to pay cash provides the most savings, but today there are many financing options for solar panels that are also cost-effective. Information about financing options is typically included in initial quotes provided by installers.
Yes, homeowners in Lexington city, VA generally see a payback time of 7 years for 5 kW solar panel systems, with electricity savings averaging $23,432.4 over a 20-year period.
Savings from 
Environmental Impacts 
