Solar Panel Cost Guide in Archdale, NC (2023 Update)
- Archdale Solar Installation Cost: $12,339
- 25-Year Savings: $19,822
- Payback Period: 9.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Archdale
Find out what the average cost of installing solar panels is in Archdale.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Archdale, the average cost of solar panels is 2.54 per watt. Because a 6.9-kW system is needed to cover the energy needs of a typical home in Archdale, the average price of going solar will be about $12,339 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of making the switch to solar can vary based on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with. But, once you've paid the upfront cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $18,000 over 20 years on energy bills.
Click the button below to get connected to a reputable solar company in Archdale for a personalized quote.
Solar savings over time in Archdale
| Year | Return on Investment |
|---|---|
| 1 years | $-11,053 |
| 3 years | $-8,480 |
| 5 years | $-5,907 |
| 7 years | $-3,334 |
| 9 years | $-761 |
| 11 years | $1,812 |
| 13 years | $4,385 |
| 15 years | $6,958 |
| 17 years | $9,531 |
| 19 years | $12,104 |
| 21 years | $14,677 |
| 23 years | $17,249 |
| 25 years | $19,822 |
Top Solar Installers in Archdale
Although you can install solar panels on your own, it involves extra effort and know-how. For that reason, the majority of homeowners choose a solar panel installer. Another upside of working with a solar installer is that they can help you make the most of your investment by bringing down your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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 Archdale
Factors that Affect Solar Panel Costs in Archdale
There are several criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels 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 pay about $2,540 per kilowatt in Archdale. The type 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. However, 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 Archdale average.
Solar Financing Terms
Most solar companies in Archdale provide solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also increases your overall costs, so it's vital to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can influence the cost. Archdale's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $16,705 | 10.0 years |
| 8 kW | $2.59 | $14,508 | $22,558 | 9.8 years |
| 10 kW | $2.54 | $17,780 | $28,553 | 9.6 years |
| 12 kW | $2.49 | $20,909 | $34,691 | 9.4 years |
| 14 kW | $2.44 | $23,896 | $40,970 | 9.2 years |
| 16 kW | $2.39 | $26,741 | $47,392 | 9.0 years |
| 18 kW | $2.34 | $29,444 | $53,956 | 8.8 years |
| 20 kW | $2.29 | $32,004 | $60,663 | 8.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable 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 past customers.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When looking through your solar installer's contract, ask for clarification 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.
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 Archdale, NC Solar Cost FAQs
How much does it cost to install solar panels in Archdale?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels do I need to power 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 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.