Cost & Savings Breakdown
Based on $150/month electric bill in Lynchburg
System Size
8.5 kW
Annual Production
11,231 kWh
Gross System Cost
$25,214
Federal Tax Credit (30%)
-$7,564
State Incentive
-$500
Net Cost
$17,150
Monthly Savings
$122
CO₂ Offset/yr
10,332 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityAppalachian Power
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.130/kWh
Peak Sun Hours4.5 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$500
Virginia State Incentive — Virginia offers a sales tax exemption on solar equipment.
Common Questions
How much does solar cost in Lynchburg?
Solar in Lynchburg, Virginia costs approximately $25,214 for a 8.5 kW system. After the 30% federal tax credit, your net cost is about $17,150.
What is the solar payback period in Lynchburg?
The estimated payback period for solar in Lynchburg is 11.7 years, based on a $150/month electric bill and local sun hours of 4.5 hrs/day.
Does Appalachian Power offer net metering?
Appalachian Power offers Full Retail net metering. Full retail rate.