Solar Panel Cost Guide in Apex, NC (Jul 2022)

  • Apex Solar Installation Cost: $13,138
  • 25-Year Savings: $17,455
  • Payback Period: 10.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 7/19/2022

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Average Cost of Solar Panels in Apex

We go over average solar pricing in Apex.

The average cost of a solar system in Apex is $3 per watt. The average Apex homeowner needs a 7.0-kilowatt system, which would cost about $13,138, or $9,722 after the federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average energy use of Apex homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Apex see about $17,000 in savings on utility bills over 20 years.

Click the button below to get connected to a highly rated solar company in Apex for a customized quote.

Solar savings over time in Apex

Year Return on Investment
1 years $-11,915
3 years $-9,467
5 years $-7,020
7 years $-4,572
9 years $-2,125
11 years $323
13 years $2,770
15 years $5,218
17 years $7,665
19 years $10,112
21 years $12,560
23 years $15,007
25 years $17,455

Top Solar Installers in Apex

Although you can install solar panels by yourself, it takes extra energy and know-how. That's one of the reasons most people choose to hire a solar panel installer. Since solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.

Working with a vetted solar company can make going solar easier. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

See all of the solar companies in Apex

Factors that Affect Solar Panel Costs in Apex

For many Apex homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Apex, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment Size

One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,540 per kilowatt in Apex. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Apex, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar company you hire to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Apex, and each can charge different amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 $11,729 $14,518 11.2 years
8 kW $2.59 $15,338 $19,658 11.0 years
10 kW $2.54 $18,796 $24,949 10.7 years
12 kW $2.49 $22,104 $30,390 10.5 years
14 kW $2.44 $25,262 $35,981 10.3 years
16 kW $2.39 $28,269 $41,722 10.1 years
18 kW $2.34 $31,126 $47,614 9.9 years
20 kW $2.29 $33,833 $53,657 9.7 years

Solar Incentives in Apex

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Duke Energy - NC Solar Rebate Program
Incentive Amount Residential: $0.60/W-AC
Nonresidential: $0.50/W-AC
Nonprofit: $0.75/W-AC
Incentive Max Residential: $6,000
Nonresidential: $50,000
Nonprofit: $75,000
Website Visit here
More Info Click here

Name Local Option - Financing Program for Renewable Energy and Energy Efficiency
More Info Click here

Name PSNC Energy (Gas) - Green Building Rate Discount
Incentive Amount discount/therm based on seasonal values
Website Visit here
More Info Click here

Name Property Tax Abatement for Solar Electric Systems
Incentive Amount Residential systems: 100% of the appraised value
All other systems: 80% of the appraised value
More Info Click here

Name Local Option - Green Building Incentives
More Info Click here

How to Save on Solar Panels

The solar installer you opt for will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:

  • Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
  • Warranty: If youcare about the durability of your solar panels, verifying your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely have a good reputation and are qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

EcoWatch's Apex, NC Solar Cost FAQs

How much does it cost to install solar panels in Apex?

The average cost of solar panels in Apex is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.

Is cost the most important thing to consider when buying solar panels?

Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Do solar panels increase the value of your home?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Apex is currently $309,441, so you could be looking at a value of about $12,687 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Apex is a rewarding investment.

What solar power system size is right for 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 account for 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.

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