The cost of solar installation Richmond has reduced dramatically significantly in the past several years. This trend is even expected to go on in the coming years as more homeowners are getting Richmond solar installation in their homes. The demand for solar power homes increased prompting more companies to manufacture and distribute high-quality solar components, at a slower rate because of tight competition. An average 5KW solar installation Richmond can cost you around $139 to install. In already include the panels, labor, connections and other miscellaneous fees. Many states offer rebates and incentives for homeowners who has Richmond solar panels in their home. To know the real cost of your installation, subtract the incentives and a solar federal tax break. For a 5KW solar installation Richmond, you can get a rebate amounting to $3700. Now, subtract the 30 percent federal solar tax, and that is equivalent to another $171 that will be deducted from your original investment cost. Overall, your 5KW Richmond solar installation is estimated to cost you $116 . Now that is almost half of the original cost and huge saving.
Estimated final cost for solar installation
| Item | Quantity | Fair Price |
|---|---|---|
| Solar Light Fixture Cost | 1 Fixture | $28.33 |
| Solar Light Fixture Labor | 2 Hours | $114.13 |
| Solar Light Fixture Job Materials and Supplies | 1 Fixture | $12.94 |
| Totals - Cost to Install Solar Lighting - 1 Fixture | $155.40 | |
| Average Cost Per Fixture | $155.40 |