Solar Panel Cost Guide in Burgaw, NC (2023 Update)
- Burgaw Solar Installation Cost: $11,966
- 25-Year Savings: $21,577
- Payback Period: 8.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Burgaw
We break down average solar pricing in Burgaw.
While the national average of solar panels is $2.66 per watt, solar panels in Burgaw typically cost about 2.54. The average solar panel system size in Burgaw is around 6.7 kilowatts, meaning a cost of about $11,966 for a solar installation, or $17,111 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary quite a bit based on several factors, such as what size system you need, your energy consumption and what solar installer you go with. Even with the high upfront cost, the average Burgaw homeowner can save about $19,000 on their electricity bills over 20 years, which is one of the positives of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Burgaw
| Year | Return on Investment |
|---|---|
| 1 years | $-10,624 |
| 3 years | $-7,941 |
| 5 years | $-5,257 |
| 7 years | $-2,574 |
| 9 years | $109 |
| 11 years | $2,793 |
| 13 years | $5,476 |
| 15 years | $8,160 |
| 17 years | $10,843 |
| 19 years | $13,527 |
| 21 years | $16,210 |
| 23 years | $18,893 |
| 25 years | $21,577 |
Top Solar Installers in Burgaw
Many homeowners opt for a solar panel installer since trying to put up solar panels yourself can be a lot of work. Plus, if you're not certain what brand of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Burgaw:
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 Burgaw
Factors that Affect Solar Panel Costs in Burgaw
The cost of installing a solar system in Burgaw can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,540. There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Burgaw, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you select will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $18,790 | 9.3 years |
| 8 kW | $2.59 | $14,508 | $25,338 | 9.1 years |
| 10 kW | $2.54 | $17,780 | $32,029 | 8.9 years |
| 12 kW | $2.49 | $20,909 | $38,861 | 8.7 years |
| 14 kW | $2.44 | $23,896 | $45,836 | 8.6 years |
| 16 kW | $2.39 | $26,741 | $52,953 | 8.4 years |
| 18 kW | $2.34 | $29,444 | $60,212 | 8.2 years |
| 20 kW | $2.29 | $32,004 | $67,613 | 8.0 years |
How to Save on Solar Panels
The solar installer you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
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 Burgaw, NC Solar Cost FAQs
What is the average cost of installing solar panels in Burgaw?
The average cost of solar panels in Burgaw is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Burgaw?
A solar panel system isn't free in Burgaw, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Burgaw?
The majority of states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.