Many variables including system size or energy usage and financial incentives affect the cost of installing solar panels in Norfolk. A 5kW solar system typically costs between $12,000 and $16,500, while a 10kW system before rebates and tax credits or costs between $22,000 and $32,500. The 30% federal solar tax credit can help homeowners by drastically reducing the initial outlay. Local and state subsidies lower expenses even more or lower the cost of solar energy. Nedes Solar offers long term electricity bill savings of $25,000 to $40,000 and a return on investment of 10 to 12 years. Our financing solutions which include low interest solar loans and zero down payment plans or ensure that you may make the move to solar power without experiencing financial hardship. Our staff keeps up to date of the most recent market developments and incentives to ensure you get the most savings possible on an environmentally responsible investment.