Solar Panel Cost Guide in Angier, NC (Mar 2023)
- Angier Solar Installation Cost: $12,393
- 25-Year Savings: $20,156
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Angier
Find out what the average cost of installing solar panels is in Angier.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Angier, the average cost of solar panels is 2.54 per watt. Using this figure, a typical 7.0-kW system would cost about $12,393 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Angier homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $18,000 in savings on energy bills over 20 years.
To get a free quote from a highly rated solar company in Angier, you can click the button below.
Solar savings over time in Angier
| Year | Return on Investment |
|---|---|
| 1 years | $-11,091 |
| 3 years | $-8,487 |
| 5 years | $-5,883 |
| 7 years | $-3,279 |
| 9 years | $-675 |
| 11 years | $1,929 |
| 13 years | $4,532 |
| 15 years | $7,136 |
| 17 years | $9,740 |
| 19 years | $12,344 |
| 21 years | $14,948 |
| 23 years | $17,552 |
| 25 years | $20,156 |
Top Solar Installers in Angier
Many homeowners opt for a solar installation company since trying to install solar panels yourself can be challenging. The expertise that solar installers offer can be valuable as well, especially if you don't quite know what kind of solar equipment would be right for your home.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Angier
Factors that Affect Solar Panel Costs in Angier
There are a number of criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Angier average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Angier, you'll have many options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Angier have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $16,924 | 9.9 years |
| 8 kW | $2.59 | $14,508 | $22,850 | 9.7 years |
| 10 kW | $2.54 | $17,780 | $28,918 | 9.5 years |
| 12 kW | $2.49 | $20,909 | $35,129 | 9.3 years |
| 14 kW | $2.44 | $23,896 | $41,481 | 9.1 years |
| 16 kW | $2.39 | $26,741 | $47,976 | 8.9 years |
| 18 kW | $2.34 | $29,444 | $54,613 | 8.8 years |
| 20 kW | $2.29 | $32,004 | $61,392 | 8.6 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Solar Panel Brands: The kind of solar panel you want plays a part in which installer you should go with, since different companies offer different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Angier, NC Solar Cost FAQs
How much does it cost to install solar panels in Angier?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $12,700 for a 5-kW system and $25,400 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Angier?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Angier?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.