Solar Panel Cost Guide in Brices Creek, NC (Mar 2023)
- Brices Creek Solar Installation Cost: $12,144
- 25-Year Savings: $19,540
- Payback Period: 9.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Brices Creek
We go over average solar pricing in Brices Creek.
The average cost of solar panels in Brices Creek is 2.54 per watt. The average solar panel system size in Brices Creek is around 6.8 kilowatts, meaning a cost of about $12,144 for a solar installation, or $17,366 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of making the switch to solar can vary quite a bit based on a few factors, such as how many panels you need, your energy consumption and what company you go with. With typical savings of about $18,000 on energy bills over 20 years, many homeowners in Brices Creek find installing solar panels can be quite rewarding.
You can click the button below to get connected with a pre-vetted solar company in Brices Creek for a quote for your home.
Solar savings over time in Brices Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-10,876 |
| 3 years | $-8,342 |
| 5 years | $-5,807 |
| 7 years | $-3,272 |
| 9 years | $-738 |
| 11 years | $1,797 |
| 13 years | $4,332 |
| 15 years | $6,867 |
| 17 years | $9,401 |
| 19 years | $11,936 |
| 21 years | $14,471 |
| 23 years | $17,005 |
| 25 years | $19,540 |
Top Solar Installers in Brices Creek
Installing solar panels on your own can be a dangerous undertaking, which is why using a solar installer is a good option for many homeowners. 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 repairs, expertise on solar panel installation and sometimes even information on local incentives.
If you're looking for a solar installer in Brices Creek, the EcoWatch team has compiled a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Brices Creek
Factors that Affect Solar Panel Costs in Brices Creek
The cost of installing a solar system in Brices Creek can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in Brices Creek, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $2,540 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Brices Creek, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Brices Creek homeowners opt to finance their solar panel systems to make going solar more affordable. Though solar loans make going solar more accessible for Brices Creek homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can play a part in determining how much it costs. Brices Creek's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to 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 | $16,738 | 10.0 years |
| 8 kW | $2.59 | $14,508 | $22,602 | 9.8 years |
| 10 kW | $2.54 | $17,780 | $28,608 | 9.6 years |
| 12 kW | $2.49 | $20,909 | $34,757 | 9.4 years |
| 14 kW | $2.44 | $23,896 | $41,047 | 9.2 years |
| 16 kW | $2.39 | $26,741 | $47,480 | 9.0 years |
| 18 kW | $2.34 | $29,444 | $54,055 | 8.8 years |
| 20 kW | $2.29 | $32,004 | $60,772 | 8.6 years |
How to Save on Solar Panels
The solar company you go with will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: When reading over your solar company'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 part breaking or the company going out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Brices Creek, NC Solar Cost FAQs
What is the average cost of installing solar panels in Brices Creek?
The average cost of solar panels in Brices Creek 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will installing solar panels impact my home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels do I need to power 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 get 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.