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 a solar system 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 figure above, a solar installation costs around $17,690, or $25,297 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of installing solar panels can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with.For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Boone see about $17,000 in savings on utility bills over 20 years.
Click the button below to get connected to a top solar company in Boone for a personalized estimate.
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
Installing solar panels yourself can be a challenging task, which is why hiring a solar installation company is a good option for many homeowners. Some solar installers, particularly local ones, can help you better understand incentives in Boone, therefore optimizing your ROI.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 Boone
Factors that Affect Solar Panel Costs in Boone
While the average cost of a solar system in Boone is $17,690, your final cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar 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 about $3,510 per kilowatt in Boone.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Boone average.
Solar Financing Terms
Most solar installers in Boone offer solar loans, which reduce your upfront costs of installing solar.It’s a good idea 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 go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Boone, and each can charge varying amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- 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 need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully 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 high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The kind of solar panel you want to get plays a role in which company you should go with, since different companies have access to different panels.
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 Boone, NC Solar Cost FAQs
How much does it cost to install solar panels in Boone?
The average cost of solar panels in Boone 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.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. 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 average daily sunlight your roof gets. You can take a 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 install 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.