Solar Panel Cost Guide in Aberdeen, NC (2023 Update)
- Aberdeen Solar Installation Cost: $12,286
- 25-Year Savings: $20,209
- Payback Period: 9.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Aberdeen
Find out what the average cost of solar panels are in Aberdeen.
While the national average of solar panels is $2.66 per watt, solar panels in Aberdeen generally cost around 2.54. Using this figure, a typical 6.9-kW system would cost about $12,286 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely differ based on factors unique to your home and what company you go with. With average savings of about $18,000 on electricity bills over 20 years, many homeowners in Aberdeen find going solar has a decent ROI.
To receive a free quote from a top solar company in Aberdeen, you can click the button below.
Solar savings over time in Aberdeen
| Year | Return on Investment |
|---|---|
| 1 years | $-10,986 |
| 3 years | $-8,387 |
| 5 years | $-5,787 |
| 7 years | $-3,187 |
| 9 years | $-588 |
| 11 years | $2,012 |
| 13 years | $4,611 |
| 15 years | $7,211 |
| 17 years | $9,810 |
| 19 years | $12,410 |
| 21 years | $15,010 |
| 23 years | $17,609 |
| 25 years | $20,209 |
Top Solar Installers in Aberdeen
Trying to put up solar panels on your own can be a time-consuming project, which is why using a solar installer is a good option for many homeowners. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be best for you.
If you're on the hunt for a solar company in Aberdeen, we've put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
See all of the solar companies in Aberdeen
Factors that Affect Solar Panel Costs in Aberdeen
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Aberdeen: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar system in Aberdeen, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by about $2,540 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that are more efficient tend to also cost more. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Aberdeen to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Aberdeen is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for example, there's no shortage of solar installers that offer a range of services at different price points. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.64 | $11,095 | $17,126 | 9.8 years |
| 8 kW | $2.59 | $14,508 | $23,119 | 9.6 years |
| 10 kW | $2.54 | $17,780 | $29,255 | 9.5 years |
| 12 kW | $2.49 | $20,909 | $35,532 | 9.3 years |
| 14 kW | $2.44 | $23,896 | $41,952 | 9.1 years |
| 16 kW | $2.39 | $26,741 | $48,514 | 8.9 years |
| 18 kW | $2.34 | $29,444 | $55,218 | 8.7 years |
| 20 kW | $2.29 | $32,004 | $62,065 | 8.5 years |
How to Save on Solar Panels
There are numerous companies to choose from in Aberdeen, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you want a specific brand, make sure the solar installer you're considering has it.
- Contract: Before you sign a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Aberdeen, NC Solar Cost FAQs
How much does it cost to install solar panels in Aberdeen?
The average cost of solar panels in Aberdeen is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Aberdeen?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can you sell solar power back to the grid in Aberdeen?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.