Solar Panel Cost Guide in Creedmoor, NC (Nov 2022)

  • Creedmoor Solar Installation Cost: $12,499
  • 25-Year Savings: $19,373
  • Payback Period: 9.8 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

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 $3 per watt. The average Creedmoor homeowner needs a 7.0-kilowatt system, which would cost about $12,499, or $9,249 after the federal solar tax credit of 30% 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 National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • 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. 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 National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • 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?

This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $12,700 for a 5-kW system and $25,400 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

Is it better to lease or buy solar panels in Creedmoor?

Leasing solar panels can be an option if you can't pay upfront or get 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 your home value?

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 Creedmoor is currently $158,600, which means you could be looking at a value of about $6,503 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Creedmoor is a worthwhile investment.

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 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.

solar panel and sunny sky
Invest in clean solar energy, save thousands of dollars.

Save $$ on your electricity bill by getting a free quote today.

Follow us