Solar Panel Cost Guide in Eden, NC (2024 Update)
- Eden Solar Installation Cost: $17,256
- 25-Year Savings: $16,903
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Eden
We break down average solar pricing in Eden.
In Eden, solar panels cost about 4 per watt on average.Because a 7.0-kW system is needed to cover the energy consumption of a typical home in Eden, the average price of going solar will be about $17,256 after claiming the federal solar tax credit of 0.
How much you pay can be higher or lower than the average in Eden depending on several factors, such as the model of solar panels you choose and the solar company you hire.For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $16,000 in savings on utility 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 Eden
| Year | Return on Investment |
|---|---|
| 1 years | $-15,934 |
| 3 years | $-13,290 |
| 5 years | $-10,646 |
| 7 years | $-8,001 |
| 9 years | $-5,357 |
| 11 years | $-2,713 |
| 13 years | $-69 |
| 15 years | $2,576 |
| 17 years | $5,220 |
| 19 years | $7,864 |
| 21 years | $10,508 |
| 23 years | $13,153 |
| 25 years | $15,797 |
Top Solar Installers in Eden
Trying to install solar panels on your own can be a difficult task, which is why getting a solar installation company is a good option for many homeowners. Plus, if you’d like to maximize your investment in solar energy, opting for a solar company can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives.
If you’d like to switch to solar energy but still aren’t certain which solar installer to go with, here are our suggestions for providers nearby:
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 Eden
Factors that Affect Solar Panel Costs in Eden
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Eden: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,510. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Eden to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time because of interest.While solar loans make switching to solar energy more accessible for Eden homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Eden, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also fit into your budget.
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 | $9,776 | 15.3 years |
| 8 kW | $3.58 | $20,049 | $13,428 | 15.0 years |
| 10 kW | $3.51 | $24,570 | $17,277 | 14.7 years |
| 12 kW | $3.44 | $28,894 | $21,321 | 14.4 years |
| 14 kW | $3.37 | $33,022 | $25,563 | 14.1 years |
| 16 kW | $3.30 | $36,953 | $30,001 | 13.8 years |
| 18 kW | $3.23 | $40,688 | $34,636 | 13.5 years |
| 20 kW | $3.16 | $44,226 | $39,467 | 13.2 years |
How to Save on Solar Panels
The solar installer you opt for will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Solar Panel Brands: The kind of solar panel you need plays a part in which installer you should opt for, since different companies offer different panels.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you care about the durability of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: When making the switch to solar power, it’s essential to maintain an open line of communication with your solar company. Confirm that you understand how the installation process works and the project completion timeline.
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 Eden, NC Solar Cost FAQs
How much does it cost to install solar panels in Eden?
The average cost of solar panels in Eden is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Eden?
Leasing solar panels can be an option if you can’t afford to 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 property 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 savings from going solar.
Can you sell solar power back to the grid in Eden?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
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.