Solar Panel Cost Guide in Boiling Spring Lakes, NC (Feb 2023)

  • Boiling Spring Lakes Solar Installation Cost: $11,379
  • 25-Year Savings: $22,010
  • Payback Period: 8.5 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

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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 Boiling Spring Lakes

Find out what the average cost of a solar system is in Boiling Spring Lakes.

The average cost of a solar panel system in Boiling Spring Lakes is $3 per watt. Using this figure, a typical 6.4 would cost about $11,379 before the 30% federal solar tax credit is applied.

Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of solar system you choose, your solar contractor and more. Many homeowners find going solar is a fruitful investment. The average homeowner in Boiling Spring Lakes can save about $20,000 on their power bills over 20 years.

To see your potential ROI and connect with a local solar company, click the button below.

Solar savings over time in Boiling Spring Lakes

Year Return on Investment
1 years $-10,044
3 years $-7,373
5 years $-4,701
7 years $-2,030
9 years $641
11 years $3,312
13 years $5,983
15 years $8,654
17 years $11,325
19 years $13,996
21 years $16,668
23 years $19,339
25 years $22,010

Top Solar Installers in Boiling Spring Lakes

Installing solar panels yourself can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. Another great thing about going with a vetted solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.

If you'd like to go solar but still aren't sure which solar company to go with, here are our suggestions for providers in Boiling Spring Lakes:

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 Boiling Spring Lakes

Factors that Affect Solar Panel Costs in Boiling Spring Lakes

Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Boiling Spring Lakes: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.

Solar Equipment

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 around $2,540 per kilowatt in Boiling Spring Lakes. The brand of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about 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

Many homeowners find the average cost of solar in Boiling Spring Lakes to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. You'll have to consider the long-term cost of financing options, including the total 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 getting a solar loan with a low interest rate could reduce your costs remarkably.

Solar Panel Installation Company

The solar installer you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating in Boiling Spring Lakes, and each can charge different amounts for labor and equipment. Additionally, some companies in Boiling Spring Lakes have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.

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 $20,225 8.9 years
8 kW $2.59 $14,508 $27,251 8.7 years
10 kW $2.54 $17,780 $34,419 8.5 years
12 kW $2.49 $20,909 $41,729 8.3 years
14 kW $2.44 $23,896 $49,182 8.2 years
16 kW $2.39 $26,741 $56,777 8.0 years
18 kW $2.34 $29,444 $64,514 7.8 years
20 kW $2.29 $32,004 $72,394 7.7 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:

  • Contract: When looking over 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 like a system component breaking or the company going out of business.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
  • 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 most likely has a good reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.
  • Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.

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 Boiling Spring Lakes, NC Solar Cost FAQs

How much does it cost to install solar panels in Boiling Spring Lakes?

The average cost of solar panels in Boiling Spring Lakes 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 kind of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider aside from cost when buying solar panels?

Cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.

Is it worth going solar in Boiling Spring Lakes?

Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.

How long do solar panels last in Boiling Spring Lakes?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.

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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