Solar Panel Cost Guide in Clemmons, NC (2024 Update)
- Clemmons Solar Installation Cost: $17,137
- 25-Year Savings: $15,916
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Clemmons
We go over average solar pricing in Clemmons.
Although the national average of solar panels is $2.66 per watt, solar panels in Clemmons generally cost about 4.Using this figure, a typical 7.0-kW system would cost about $17,137 before the 0 federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you may vary based on the amount of energy your home requires and what company you go with.For most homeowners, the upfront investment in solar is worth paying. On average Clemmons homeowners see about $18,000 in savings on energy bills over 20 years.
Click the button below to get connected to a top solar company in your area for a custom estimate.
Solar savings over time in Clemmons
| Year | Return on Investment |
|---|---|
| 1 years | $-15,815 |
| 3 years | $-13,171 |
| 5 years | $-10,526 |
| 7 years | $-7,882 |
| 9 years | $-5,238 |
| 11 years | $-2,594 |
| 13 years | $51 |
| 15 years | $2,695 |
| 17 years | $5,339 |
| 19 years | $7,983 |
| 21 years | $10,627 |
| 23 years | $13,272 |
| 25 years | $15,916 |
Top Solar Installers in Clemmons
Installing solar panels yourself can be a time-consuming undertaking, which is why getting a solar installation company is a good option for many homeowners. Companies can also offer access to quality options of the best solar panels and help you pick which one will be right for your home.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
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 Clemmons
Factors that Affect Solar Panel Costs in Clemmons
The cost of installing a solar system in Clemmons can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular route because they decrease your upfront costs and let you 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 Clemmons homeowners, they can also add to the total you pay for your system, depending on your interest rate. 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 figure out the cost of solar for your home or business in Clemmons is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services at different price points.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $12,813 | 13.6 years |
| 8 kW | $3.58 | $20,049 | $17,477 | 13.4 years |
| 10 kW | $3.51 | $24,570 | $22,338 | 13.1 years |
| 12 kW | $3.44 | $28,894 | $27,395 | 12.8 years |
| 14 kW | $3.37 | $33,022 | $32,649 | 12.6 years |
| 16 kW | $3.30 | $36,953 | $38,099 | 12.3 years |
| 18 kW | $3.23 | $40,688 | $43,746 | 12.0 years |
| 20 kW | $3.16 | $44,226 | $49,590 | 11.8 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:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
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 Clemmons, NC Solar Cost FAQs
What is the average cost of installing solar panels in Clemmons?
The average cost of solar panels in Clemmons 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Clemmons?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Clemmons is currently $355,704, so you can expect a value of about $14,584 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Clemmons is a fruitful investment.
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.