Solar Panel Cost Guide in Archdale, NC (2024 Update)
- Archdale Solar Installation Cost: $17,055
- 25-Year Savings: $19,820
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Archdale
Let’s take a look at the average cost of solar in Archdale.
The average cost of a solar panel system in Archdale is 4 per watt.To account for the typical energy usage of the average home in Archdale, most homeowners require a 6.9-kilowatt system. Using the figure above, a solar installation costs about $17,055, or $24,389 before the federal solar tax credit of 0 is applied.
These figures are just averages, and your own solar costs will most likely differ based on the amount of energy your home requires and what company you choose to go with.Even with the high initial cost, the average Archdale homeowner can save around $18,000 on their electricity bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a reputable solar company in Archdale for a custom quote.
Solar savings over time in Archdale
| Year | Return on Investment |
|---|---|
| 1 years | $-15,733 |
| 3 years | $-13,088 |
| 5 years | $-10,444 |
| 7 years | $-7,800 |
| 9 years | $-5,156 |
| 11 years | $-2,511 |
| 13 years | $133 |
| 15 years | $2,777 |
| 17 years | $5,421 |
| 19 years | $8,066 |
| 21 years | $10,710 |
| 23 years | $13,354 |
| 25 years | $15,998 |
Top Solar Installers in Archdale
Trying to install solar panels on your own can be a difficult undertaking, which is why hiring a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over time.
Working with a professional solar installer can make going solar easier. 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 Archdale
Factors that Affect Solar Panel Costs in Archdale
While the average cost of a solar system in Archdale is $17,055, your actual cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
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 important to accurately assess 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, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Archdale average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Archdale is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that provide a range of services at different costs.The company’s size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $12,468 | 13.8 years |
| 8 kW | $3.58 | $20,049 | $17,018 | 13.5 years |
| 10 kW | $3.51 | $24,570 | $21,763 | 13.3 years |
| 12 kW | $3.44 | $28,894 | $26,706 | 13.0 years |
| 14 kW | $3.37 | $33,022 | $31,845 | 12.7 years |
| 16 kW | $3.30 | $36,953 | $37,180 | 12.5 years |
| 18 kW | $3.23 | $40,688 | $42,712 | 12.2 years |
| 20 kW | $3.16 | $44,226 | $48,441 | 11.9 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Installation Process: When making the switch to solar power, it’s essential to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Archdale, NC Solar Cost FAQs
How much does it cost to install solar panels in Archdale?
The average cost of solar panels in Archdale 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Archdale, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.