Solar Panel Cost Guide in Brices Creek, NC (2024 Update)
- Brices Creek Solar Installation Cost: $16,781
- 25-Year Savings: $19,540
- Payback Period: 13.2 Years
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Average Cost of Solar Panels in Brices Creek
Find out what the average cost of installing solar panels is in Brices Creek.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Brices Creek, the typical cost of a solar system is 4 per watt.Since a 6.8-kW system is needed to cover the energy usage of a typical home in Brices Creek, the average price of going solar will be about $16,781 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with.But, after you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $18,000 over 20 years on energy bills.
You can click the button below to get connected with a top solar installer in Brices Creek for a quote for your home.
Solar savings over time in Brices Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-15,310 |
| 3 years | $-12,368 |
| 5 years | $-9,426 |
| 7 years | $-6,484 |
| 9 years | $-3,542 |
| 11 years | $-599 |
| 13 years | $2,343 |
| 15 years | $5,285 |
| 17 years | $8,227 |
| 19 years | $11,169 |
| 21 years | $14,112 |
| 23 years | $17,054 |
| 25 years | $19,996 |
Top Solar Installers in Brices Creek
Many homeowners choose to use a solar panel installer since trying to put up solar panels on your own can be a labor-intensive endeavor. Solar warranties and repairs are usually included in the cost of installation when you sign a contract with a solar contractor as well, which can save you more money after your upfront investment.
If you’d like to start using solar energy but still aren’t certain which solar system installer to go with, here are our recommendations for providers near you:
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 Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Brices Creek
Factors that Affect Solar Panel Costs in Brices Creek
Even though the average cost of a solar system in Brices Creek is $16,781, your final cost may differ. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use 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 type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, like solar batteries, can bring your total well above the Brices Creek average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Brices Creek, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your all-in costs, so it’s important to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies undercut 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 | $12,501 | 13.8 years |
| 8 kW | $3.58 | $20,049 | $17,061 | 13.5 years |
| 10 kW | $3.51 | $24,570 | $21,818 | 13.2 years |
| 12 kW | $3.44 | $28,894 | $26,772 | 13.0 years |
| 14 kW | $3.37 | $33,022 | $31,921 | 12.7 years |
| 16 kW | $3.30 | $36,953 | $37,268 | 12.4 years |
| 18 kW | $3.23 | $40,688 | $42,811 | 12.2 years |
| 20 kW | $3.16 | $44,226 | $48,550 | 11.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project timeline.
- Reputation: Well-established companies likely have a high 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: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- 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 large role in the company you choose.
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 Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Brices Creek, NC Solar Cost FAQs
What is the average cost of installing solar panels in Brices Creek?
This is a tough question to answer exactly, because the cost depends on a few different 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 cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to 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 will solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Brices Creek is currently $269,651, so you can expect a value of about $11,056 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Brices Creek is a rewarding investment.
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.