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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Belmont

Find out what the average cost of a solar system is in Belmont.

The national average cost of solar panels is $2.66 per watt, but in Belmont it's $3 per watt. The average Belmont homeowner needs a 6.8-kilowatt system, which would cost about $12,108, or $8,960 after the federal solar tax credit of 30% is applied.

How much you pay can be above or below the average in Belmont depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire. With typical savings of about $18,000 on power bills over 20 years, many homeowners in Belmont find going solar can be quite rewarding.

You can click the button below to get connected with a pre-vetted solar company in Belmont for a quote for your home.

Solar savings over time in Belmont

Year Return on Investment
1 years $-10,816
3 years $-8,230
5 years $-5,645
7 years $-3,059
9 years $-474
11 years $2,111
13 years $4,697
15 years $7,282
17 years $9,867
19 years $12,453
21 years $15,038
23 years $17,623
25 years $20,209

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:

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

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

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

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

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

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.

Solar Equipment

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.

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

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

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

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

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

EcoWatch's Belmont, NC Solar Cost FAQs

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

The average cost of solar panels in Belmont is about $12,700 for a 5-kW system and $25,400 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 consume.

Can you get solar panels for free in Belmont?

Solar panels aren't free in Belmont, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

Can solar panels significantly reduce my electricity bills?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Belmont, that will require at least a 10-kW system. Not all homes will have the roof space for 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 needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.

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