Solar Panel Cost Guide in Cramerton, NC (2024 Update)
- Cramerton Solar Installation Cost: $16,736
- 25-Year Savings: $19,840
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Cramerton
See how much it might cost to make the switch to solar in Cramerton.
In Cramerton, solar panels cost about 4 per watt on average.The average Cramerton homeowner needs a 6.8-kilowatt system, which would cost about $16,736 with the federal tax credit, or $23,932 before the 0 tax credit is applied.
These figures are just averages, and your own solar costs will most likely look different based on your energy needs and what company you go with.Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Cramerton can save around $18,000 on their power 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 Cramerton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,414 |
| 3 years | $-12,770 |
| 5 years | $-10,125 |
| 7 years | $-7,481 |
| 9 years | $-4,837 |
| 11 years | $-2,193 |
| 13 years | $452 |
| 15 years | $3,096 |
| 17 years | $5,740 |
| 19 years | $8,384 |
| 21 years | $11,029 |
| 23 years | $13,673 |
| 25 years | $16,317 |
Top Solar Installers in Cramerton
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Using a solar company can make converting to solar power much easier. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be best for your family.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Cramerton
Factors that Affect Solar Panel Costs in Cramerton
Though the average cost of a solar system in Cramerton is $16,736, your final cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of solar panels in Cramerton, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by about $3,510 for each additional kilowatt you need.The type of solar panels and equipment you choose is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment goes beyond 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
If paying for a solar system in cash is difficult, solar loans are a popular choice because they cut back your upfront costs and let you pay for your system over five to seven years on average.Though solar loans make adopting solar energy more accessible for Cramerton homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you choose to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies in Cramerton, and each can charge different amounts for labor and equipment.Additionally, some companies in Cramerton have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $12,812 | 13.6 years |
| 8 kW | $3.58 | $20,049 | $17,476 | 13.4 years |
| 10 kW | $3.51 | $24,570 | $22,337 | 13.1 years |
| 12 kW | $3.44 | $28,894 | $27,394 | 12.8 years |
| 14 kW | $3.37 | $33,022 | $32,647 | 12.6 years |
| 16 kW | $3.30 | $36,953 | $38,097 | 12.3 years |
| 18 kW | $3.23 | $40,688 | $43,744 | 12.0 years |
| 20 kW | $3.16 | $44,226 | $49,587 | 11.8 years |
How to Save on Solar Panels
There are a large number of companies available in Cramerton, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: The brand of solar panel you’d like to get plays a part in which company you should choose, since different companies have access to different panels.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Cramerton, NC Solar Cost FAQs
What is the average cost of installing solar panels in Cramerton?
The average cost of solar panels in Cramerton 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 like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Cramerton?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.