Solar Panel Cost Guide in Creedmoor, NC (2023 Update)
- Creedmoor Solar Installation Cost: $12,499
- 25-Year Savings: $19,373
- Payback Period: 9.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Creedmoor
Let's have a look at the average cost of solar in Creedmoor.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Creedmoor, the average cost of a solar system is 2.54 per watt. The average Creedmoor homeowner needs a 7.0-kilowatt system, which would cost about $12,499 with the federal tax credit, or $17,874 before the 30% tax credit is applied.
The actual price you pay can go higher or lower than the average in Creedmoor depending on several factors, such as the type of solar panels you choose and the solar installer you hire. Even with the high upfront cost, the average Creedmoor homeowner can save about $17,000 on their electricity bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a highly rated solar installer in Creedmoor for a customized estimate.
Solar savings over time in Creedmoor
| Year | Return on Investment |
|---|---|
| 1 years | $-11,224 |
| 3 years | $-8,675 |
| 5 years | $-6,125 |
| 7 years | $-3,575 |
| 9 years | $-1,025 |
| 11 years | $1,525 |
| 13 years | $4,074 |
| 15 years | $6,624 |
| 17 years | $9,174 |
| 19 years | $11,724 |
| 21 years | $14,274 |
| 23 years | $16,823 |
| 25 years | $19,373 |
Top Solar Installers in Creedmoor
When going solar, many homeowners prefer to go with a solar installer since overseeing your solar installation yourself can be a time-consuming project. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're searching for a solar installer in Creedmoor, we've 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
See all of the solar companies in Creedmoor
Factors that Affect Solar Panel Costs in Creedmoor
For many Creedmoor homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Creedmoor, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need 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 many different solar panel brands and the one you choose also affects the cost. Typically, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Creedmoor offer solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also increases your all-in costs, so it's crucial to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Creedmoor, and each can charge different amounts for labor and equipment. The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better 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 promotion can bring their pricing down 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 | $2.64 | $11,095 | $16,090 | 10.2 years |
| 8 kW | $2.59 | $14,508 | $21,737 | 10.0 years |
| 10 kW | $2.54 | $17,780 | $27,527 | 9.8 years |
| 12 kW | $2.49 | $20,909 | $33,459 | 9.6 years |
| 14 kW | $2.44 | $23,896 | $39,534 | 9.4 years |
| 16 kW | $2.39 | $26,741 | $45,750 | 9.2 years |
| 18 kW | $2.34 | $29,444 | $52,109 | 9.0 years |
| 20 kW | $2.29 | $32,004 | $58,610 | 8.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Contract: Before signing a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
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 Creedmoor, NC Solar Cost FAQs
What is the average cost of installing solar panels in Creedmoor?
The average cost of solar panels in Creedmoor 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Creedmoor?
Solar panels aren't free in Creedmoor, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on energy bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Creedmoor, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Creedmoor?
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.