Solar Panel Cost Guide in Boiling Springs, NC (2024 Update)
- Boiling Springs Solar Installation Cost: $16,719
- 25-Year Savings: $19,043
- Payback Period: 13.4 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Boiling Springs
We break down average solar pricing in Boiling Springs.
The national average cost of solar panels is $2.66 per watt, but in Boiling Springs it’s 4 per watt.Because a 6.8-kW system is needed to cover the energy consumption of a typical home in Boiling Springs, the average price of going solar will be about $16,719 after claiming the federal solar tax credit of 0.
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 needs, the type of equipment you choose, your solar contractor and more.Even with the large upfront cost, the average Boiling Springs homeowner can save about $17,000 on their electricity bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a top solar company in your area for a customized estimate.
Solar savings over time in Boiling Springs
Year | Return on Investment |
---|---|
1 years | $-15,397 |
3 years | $-12,753 |
5 years | $-10,108 |
7 years | $-7,464 |
9 years | $-4,820 |
11 years | $-2,176 |
13 years | $469 |
15 years | $3,113 |
17 years | $5,757 |
19 years | $8,401 |
21 years | $11,046 |
23 years | $13,690 |
25 years | $16,334 |
Top Solar Installers in Boiling Springs
Although you can install solar panels by yourself, it takes extra labor and expertise. Because of that, most people choose to go with a solar panel installer. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you're searching for a solar installer in Boiling Springs, the EcoWatch team has compiled a list of our top suggestions here:
Best National Provider
SunPower
- 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
- 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 Boiling Springs
Factors that Affect Solar Panel Costs in Boiling Springs
While the average cost of a solar system in Boiling Springs is $16,719, your actual cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Boiling Springs, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Boiling Springs, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Boiling Springs, and each can charge different amounts for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that has the products, warranties and services you want and also is within your budget.
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 | $12,128 | 14.0 years |
8 kW | $3.58 | $20,049 | $16,563 | 13.7 years |
10 kW | $3.51 | $24,570 | $21,196 | 13.4 years |
12 kW | $3.44 | $28,894 | $26,025 | 13.2 years |
14 kW | $3.37 | $33,022 | $31,050 | 12.9 years |
16 kW | $3.30 | $36,953 | $36,272 | 12.6 years |
18 kW | $3.23 | $40,688 | $41,690 | 12.3 years |
20 kW | $3.16 | $44,226 | $47,305 | 12.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in Boiling Springs, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Contract: It’s important to read your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated 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.
Best National Provider
SunPower
- 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
- 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 Boiling Springs, NC Solar Cost FAQs
How much does it cost to install solar panels in Boiling Springs?
The average cost of solar panels in Boiling Springs is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Boiling Springs?
You can’t get solar panels for free in Boiling Springs. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Does Boiling Springs have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.