Solar Panel Cost Guide in Boone, NC (2024 Update)
- Boone Solar Installation Cost: $17,690
- 25-Year Savings: $16,283
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Boone
We break down average solar pricing in Boone.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Boone, the typical cost of solar panels is 4 per watt.To account for the typical energy needs of the average home in Boone, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,690, or $25,297 before the federal solar tax credit of 0 is applied.
The true price you pay can go above or below the average in Boone depending on several factors, such as the type of solar panels you choose and the solar company you hire.Many homeowners find going solar is a rewarding investment. The average homeowner in Boone can save around $17,000 on their energy bills over 20 years.
To get a free estimate from a pre-vetted solar company in Boone, you can click the button below.
Solar savings over time in Boone
| Year | Return on Investment |
|---|---|
| 1 years | $-16,331 |
| 3 years | $-13,614 |
| 5 years | $-10,896 |
| 7 years | $-8,178 |
| 9 years | $-5,460 |
| 11 years | $-2,742 |
| 13 years | $-24 |
| 15 years | $2,693 |
| 17 years | $5,411 |
| 19 years | $8,129 |
| 21 years | $10,847 |
| 23 years | $13,565 |
| 25 years | $16,283 |
Top Solar Installers in Boone
Although it's possible to install solar panels on your own, it requires extra time and know-how. Because of that, most homeowners choose a solar panel installer. Plus, if you’d like to maximize your investment in solar, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Boone
Factors that Affect Solar Panel Costs in Boone
There are a number of factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,510.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Boone, which can lower, 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
The solar company you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in Boone, and each can charge varying amounts for labor and equipment.Additionally, some companies in Boone know more about local solar incentives and can help you make good use 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 end up saving you 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 | $3.65 | $15,332 | $10,888 | 14.6 years |
| 8 kW | $3.58 | $20,049 | $14,910 | 14.3 years |
| 10 kW | $3.51 | $24,570 | $19,129 | 14.1 years |
| 12 kW | $3.44 | $28,894 | $23,544 | 13.8 years |
| 14 kW | $3.37 | $33,022 | $28,156 | 13.5 years |
| 16 kW | $3.30 | $36,953 | $32,965 | 13.2 years |
| 18 kW | $3.23 | $40,688 | $37,970 | 12.9 years |
| 20 kW | $3.16 | $44,226 | $43,172 | 12.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project timeline.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Boone, NC Solar Cost FAQs
What is the average cost of installing solar panels in Boone?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $17,550 for a 5-kW system and $35,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $873.98 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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.