Solar Panel Cost Guide in Canton, NC (2025 Update)
- Canton Solar Installation Cost: $17,360
- 25-Year Savings: $22,817
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Canton
Find out what the average cost of installing solar panels is in Canton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Canton, the typical cost of a solar system is 4 per watt.The average Canton homeowner needs a 7.1-kilowatt system, which would cost about $17,360 with the federal tax credit, or $24,825 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $19,000 in savings on electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Canton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,889 |
| 3 years | $-12,946 |
| 5 years | $-10,004 |
| 7 years | $-7,062 |
| 9 years | $-4,120 |
| 11 years | $-1,178 |
| 13 years | $1,765 |
| 15 years | $4,707 |
| 17 years | $7,649 |
| 19 years | $10,591 |
| 21 years | $13,533 |
| 23 years | $16,475 |
| 25 years | $19,418 |
Top Solar Installers in Canton
Trying to install solar panels on your own can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Canton
Factors that Affect Solar Panel Costs in Canton
For many Canton homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Canton, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,510. The model of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid option because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.Although solar loans make switching to solar energy more accessible for Canton homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Canton is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services at different price points.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that provides the products, warranties and services you’re looking for and also is within your budget.
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 | $14,712 | 12.8 years |
| 8 kW | $3.58 | $20,049 | $20,010 | 12.5 years |
| 10 kW | $3.51 | $24,570 | $25,503 | 12.3 years |
| 12 kW | $3.44 | $28,894 | $31,194 | 12.0 years |
| 14 kW | $3.37 | $33,022 | $37,081 | 11.8 years |
| 16 kW | $3.30 | $36,953 | $43,164 | 11.5 years |
| 18 kW | $3.23 | $40,688 | $49,444 | 11.3 years |
| 20 kW | $3.16 | $44,226 | $55,921 | 11.0 years |
How to Save on Solar Panels
There are numerous companies to choose from in Canton, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: A 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 type of solar panel you need to get plays a role in which company you should go with, since different companies provide different panels.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
EcoWatch's Canton, NC Solar Cost FAQs
What is the average cost of installing solar panels in Canton?
The average cost of solar panels in Canton is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model 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?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Canton?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.