Solar Panel Cost Guide in Eastover, NC (2024 Update)
- Eastover Solar Installation Cost: $16,952
- 25-Year Savings: $21,111
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Eastover
Find out what the average cost of a solar system is in Eastover.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Eastover, the average cost of a solar system is 4 per watt.Since a 6.9-kW system is needed to cover the energy usage of a typical home in Eastover, the average price of going solar will be about $16,952 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of solar system you want, your solar contractor and more.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Eastover can save about $18,000 on their electricity bills over 20 years.
Click the button below to get connected to a top solar panel company in your area for a personalized quote.
Solar savings over time in Eastover
| Year | Return on Investment |
|---|---|
| 1 years | $-15,481 |
| 3 years | $-12,539 |
| 5 years | $-9,596 |
| 7 years | $-6,654 |
| 9 years | $-3,712 |
| 11 years | $-770 |
| 13 years | $2,172 |
| 15 years | $5,114 |
| 17 years | $8,057 |
| 19 years | $10,999 |
| 21 years | $13,941 |
| 23 years | $16,883 |
| 25 years | $19,825 |
Top Solar Installers in Eastover
Although it's possible to install solar panels on your own, it takes extra labor and handiness. Because of that, the majority of homeowners choose a solar panel installer. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
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 Eastover
Factors that Affect Solar Panel Costs in Eastover
There are a number of factors that can play into your 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
When it comes to estimating the cost of a solar energy system in Eastover, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can figure out by looking at past power bills. Your total cost can increase by about $3,510 for each additional kilowatt you need.The brand 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 come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Eastover homeowners choose to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also increases your all-in costs, so it’s important to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can play a part in determining your pricing. Eastover’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater 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 discount can bring their pricing lower to compete with bigger names.
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 | $13,695 | 13.2 years |
| 8 kW | $3.58 | $20,049 | $18,653 | 13.0 years |
| 10 kW | $3.51 | $24,570 | $23,807 | 12.7 years |
| 12 kW | $3.44 | $28,894 | $29,159 | 12.4 years |
| 14 kW | $3.37 | $33,022 | $34,706 | 12.2 years |
| 16 kW | $3.30 | $36,953 | $40,451 | 11.9 years |
| 18 kW | $3.23 | $40,688 | $46,391 | 11.7 years |
| 20 kW | $3.16 | $44,226 | $52,529 | 11.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly influences 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: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Solar Panel Brands: The kind of solar panel you’d like to install plays a part in which company you should opt for, since different companies provide different panels.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
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 Eastover, NC Solar Cost FAQs
What is the average cost of installing solar panels in Eastover?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Eastover?
Each state has some kind 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 power bills.
How long do solar panels last in Eastover?
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 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.