Solar Panel Cost Guide in Eden, NC (2023 Update)
- Eden Solar Installation Cost: $12,487
- 25-Year Savings: $16,903
- Payback Period: 10.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Eden
Find out what the average cost of solar panel installation is in Eden.
Although the national average of solar panels is $2.66 per watt, solar panels in Eden typically cost about 2.54. Since a 7.0-kW system is needed to cover the energy needs of a typical home in Eden, the average price of going solar will be about $12,482 after claiming the federal solar tax credit of 30%.
The true cost of your system can go above or below the average in Eden depending on several factors, such as the model of solar panels you choose and the solar company you hire. With average savings of about $16,000 on utility bills over 20 years, many homeowners in Eden find going solar can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in Eden for a quote for your home.
Solar savings over time in Eden
| Year | Return on Investment |
|---|---|
| 1 years | $-12,390 |
| 3 years | $-12,194 |
| 5 years | $-11,998 |
| 7 years | $-11,802 |
| 9 years | $-11,606 |
| 11 years | $-11,410 |
| 13 years | $-11,214 |
| 15 years | $-11,018 |
| 17 years | $-10,822 |
| 19 years | $-10,626 |
| 21 years | $-10,430 |
| 23 years | $-10,234 |
| 25 years | $-10,038 |
Top Solar Installers in Eden
When making the switch to solar, many homeowners prefer to hire a solar company since handling can be a difficult project. Companies can also have access to various kinds of the best solar panels and help you decide which one will be right for your home.
If you're on the hunt for a solar company in Eden, we've compiled 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 Eden
Factors that Affect Solar Panel Costs in Eden
There are a number of criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $2,540 per kilowatt in Eden. There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Eden to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time due to interest. Even though solar loans make going solar more accessible for Eden homeowners, they can also increase 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 solar installer you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating in Eden, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $14,013 | 11.0 years |
| 8 kW | $2.59 | $14,508 | $18,969 | 10.8 years |
| 10 kW | $2.54 | $17,780 | $24,067 | 10.6 years |
| 12 kW | $2.49 | $20,909 | $29,307 | 10.4 years |
| 14 kW | $2.44 | $23,896 | $34,689 | 10.2 years |
| 16 kW | $2.39 | $26,741 | $40,213 | 10.0 years |
| 18 kW | $2.34 | $29,444 | $45,880 | 9.8 years |
| 20 kW | $2.29 | $32,004 | $51,689 | 9.6 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose greatly impacts your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Different companies will have different brands and models of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Contract: Before signing a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
- Warranty: If you care about the durability of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
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
What is the average cost of installing solar panels in Eden?
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 be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Eden?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can you sell solar power back to the grid in Eden?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.