Solar Panel Cost Guide in Aberdeen, NC (2024 Update)
- Aberdeen Solar Installation Cost: $16,975
- 25-Year Savings: $20,211
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Aberdeen
Let’s take a look at the average cost of solar panels in Aberdeen.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Aberdeen, the typical cost of solar panels is 4 per watt.The average solar panel system size in Aberdeen is around 6.9 kilowatts, meaning a cost of about $16,975 for a solar installation, or $24,274 before the 0 federal solar tax credit is applied.
These figures are just estimates, and your own solar costs may differ based on factors unique to your home and what company you choose to go with.But, once you've paid the upfront cost of installation, the payback for most homeowners is usually good, with a net average savings of about $18,000 over 20 years on energy bills.
You can click the button below to get connected with a pre-vetted solar company in Aberdeen that can help you get a more accurate cost estimate for your home.
Solar savings over time in Aberdeen
| Year | Return on Investment |
|---|---|
| 1 years | $-15,504 |
| 3 years | $-12,561 |
| 5 years | $-9,619 |
| 7 years | $-6,677 |
| 9 years | $-3,735 |
| 11 years | $-793 |
| 13 years | $2,150 |
| 15 years | $5,092 |
| 17 years | $8,034 |
| 19 years | $10,976 |
| 21 years | $13,918 |
| 23 years | $16,861 |
| 25 years | $19,803 |
Top Solar Installers in Aberdeen
Although it's possible to install solar panels by yourself, it takes extra effort and know-how. Because of that, the majority of homeowners choose to hire a solar panel installer. Another perk of utilizing a solar company is that they can help you make the most of your return of investment by lowering your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Aberdeen
Factors that Affect Solar Panel Costs in Aberdeen
The cost of installing a solar system in Aberdeen can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,510.There are several different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Aberdeen, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Aberdeen, you’ll have many options to choose from, but each comes at various price points for labor and equipment.The company’s size sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.65 | $15,332 | $12,889 | 13.6 years |
| 8 kW | $3.58 | $20,049 | $17,578 | 13.3 years |
| 10 kW | $3.51 | $24,570 | $22,465 | 13.1 years |
| 12 kW | $3.44 | $28,894 | $27,547 | 12.8 years |
| 14 kW | $3.37 | $33,022 | $32,826 | 12.5 years |
| 16 kW | $3.30 | $36,953 | $38,302 | 12.3 years |
| 18 kW | $3.23 | $40,688 | $43,974 | 12.0 years |
| 20 kW | $3.16 | $44,226 | $49,843 | 11.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project timeline.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before making your decision.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Aberdeen, NC Solar Cost FAQs
What is the average cost of installing solar panels in Aberdeen?
The average cost of solar panels in Aberdeen is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Aberdeen?
A solar panel system isn’t free in Aberdeen, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $940.69 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can 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.