Solar Panel Cost Guide in Conover, NC (2024 Update)
- Conover Solar Installation Cost: $16,847
- 25-Year Savings: $20,589
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Conover
We break down average solar pricing in Conover.
In Conover, solar panels cost about 4 per watt on average.Using this figure, a typical 6.9-kW system would cost about $16,847 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Conover homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find going solar is a fruitful investment. The average homeowner in Conover can save about $18,000 on their energy bills over 20 years.
To get a free quote from a highly rated solar installer in Conover, you can click the button below.
Solar savings over time in Conover
| Year | Return on Investment |
|---|---|
| 1 years | $-15,525 |
| 3 years | $-12,881 |
| 5 years | $-10,236 |
| 7 years | $-7,592 |
| 9 years | $-4,948 |
| 11 years | $-2,304 |
| 13 years | $341 |
| 15 years | $2,985 |
| 17 years | $5,629 |
| 19 years | $8,273 |
| 21 years | $10,918 |
| 23 years | $13,562 |
| 25 years | $16,206 |
Top Solar Installers in Conover
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Hiring a solar panel installer can make swapping over to solar power much easier. The expertise that solar companies provide can be useful as well, particularly if you aren’t sure what kind of solar equipment would be right for your home.
If you're searching for a solar company in Conover, the EcoWatch team has organized 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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Conover
Factors that Affect Solar Panel Costs in Conover
There are a number of factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $3,510 per kilowatt in Conover.The type of solar panels and equipment you choose is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Conover homeowners opt to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your total costs, so it’s crucial to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Conover, you’ll have many options to choose from, but each comes at various price points for labor and equipment.The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger 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 | $13,352 | 13.4 years |
| 8 kW | $3.58 | $20,049 | $18,196 | 13.1 years |
| 10 kW | $3.51 | $24,570 | $23,237 | 12.8 years |
| 12 kW | $3.44 | $28,894 | $28,474 | 12.6 years |
| 14 kW | $3.37 | $33,022 | $33,907 | 12.3 years |
| 16 kW | $3.30 | $36,953 | $39,537 | 12.1 years |
| 18 kW | $3.23 | $40,688 | $45,364 | 11.8 years |
| 20 kW | $3.16 | $44,226 | $51,387 | 11.6 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: Before you sign a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Conover, NC Solar Cost FAQs
How much does it cost to install solar panels in Conover?
This is a hard question to answer precisely, because the cost depends on a variety of 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Conover?
You can’t get solar panels for free in Conover. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Does Conover have a net metering program?
Each state has some form 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 electricity bills.
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 amount 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.