Solar Panel Cost Guide in Belmont, NC (Jan 2023)
- Belmont Solar Installation Cost: $12,108
- 25-Year Savings: $20,209
- Payback Period: 9.4 Years
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Top Solar Installers in Belmont
Although you can install solar panels on your own, it takes extra time and expertise. That's one of the reasons almost all homeowners choose a solar panel installer. Companies can also have access to various kinds of the best solar panels and help you choose which one will be right for you.
If you're on the hunt for a solar installer in Belmont, we've compiled a list of our top suggestions here:
See all of the solar companies in Belmont
Factors that Affect Solar Panel Costs in Belmont
The cost of installing a solar system in Belmont can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation 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 $2,540. The kind of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Belmont, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can influence your pricing. Belmont's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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||$11,095||$17,371||9.7 years|
|8 kW||$2.59||$14,508||$23,446||9.6 years|
|10 kW||$2.54||$17,780||$29,664||9.4 years|
|12 kW||$2.49||$20,909||$36,023||9.2 years|
|14 kW||$2.44||$23,896||$42,525||9.0 years|
|16 kW||$2.39||$26,741||$49,169||8.8 years|
|18 kW||$2.34||$29,444||$55,955||8.6 years|
|20 kW||$2.29||$32,004||$62,883||8.4 years|
How to Save on Solar Panels
There are numerous companies to choose from in Belmont, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you'd like to install plays a role in which installer you should choose, since different companies have access to different panels.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
EcoWatch's Belmont, NC Solar Cost FAQs
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.