Solar Savings Calculator for Newport News, VA

Homeowners in Newport News pay an average of $152/month for electricity through Dominion Energy Virginia. With 4.6 peak sun hours per day, solar panels can significantly reduce your energy costs.

$152
Avg Monthly Bill
14.5¢/kWh
Electricity Rate
4.6h/day
Peak Sun Hours
$48,627
Est. 25-Year Savings

Calculate Your Savings in Newport News

Adjust Your Details for Newport News, VA

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Your Estimated Solar Savings

System Size
7.6 kW
Panel Count
19 panels
Total System Cost
$21,280
Federal Tax Credit (30%)
-$6,384
Net Cost
$14,896
Annual Savings
$1,824
Payback Period
8.2 years
25-Year Savings
$48,627
Return on Investment
326%

* Estimates based on 4.6 peak sun hours/day in Newport News, VA, system cost of $2.8/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Local Solar Details for Newport News

Utility & Permits

Utility Company
Dominion Energy Virginia
Permit Cost
$325
Permit Timeline
2-4 weeks
Net Metering
full

System Estimates

Recommended Size
7.6 kW
Panel Count
19 panels
Gross Cost
$21,280
Net Cost (after credits)
$14,896

Available Incentives for Newport News, VA

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Virginia SREC Program

SRECs earned through the Virginia Clean Economy Act renewable portfolio standard.

$10-50 per SREC

Other Cities in Virginia

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