Solar Panel Cost Guide in Edenton, NC (2024 Update)
- Edenton Solar Installation Cost: $16,916
- 25-Year Savings: $28,235
- Payback Period: 10.4 Years
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Average Cost of Solar Panels in Edenton
Let’s have a look at the average cost of solar panels in Edenton.
In Edenton, solar panels cost about 4 per watt on average.The average solar panel system size in Edenton is around 6.9 kilowatts, meaning a cost of about $16,916 for a solar installation, or $24,190 before the 0 federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you will most likely differ based on your energy needs and what company you want to go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Edenton can save around $24,000 on their energy bills over 20 years.
To get a free quote from a vetted solar installation company in Edenton, you can click the button below.
Solar savings over time in Edenton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,438 |
| 3 years | $-12,481 |
| 5 years | $-9,523 |
| 7 years | $-6,566 |
| 9 years | $-3,609 |
| 11 years | $-652 |
| 13 years | $2,305 |
| 15 years | $5,262 |
| 17 years | $8,220 |
| 19 years | $11,177 |
| 21 years | $14,134 |
| 23 years | $17,091 |
| 25 years | $20,048 |
Top Solar Installers in Edenton
Many homeowners opt for a solar installer since installing solar panels by yourself can be challenging. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be right for you.
If you're searching for a solar company in Edenton, we've put together a list of our top suggestions here:
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 Edenton
Factors that Affect Solar Panel Costs in Edenton
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Edenton: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your household, 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 kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Edenton average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Edenton homeowners choose to finance their solar panel systems to make paying for solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you choose will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have 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 promotion can bring their pricing lower 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 | $3.65 | $15,332 | $19,942 | 10.9 years |
| 8 kW | $3.58 | $20,049 | $26,982 | 10.7 years |
| 10 kW | $3.51 | $24,570 | $34,219 | 10.4 years |
| 12 kW | $3.44 | $28,894 | $41,653 | 10.2 years |
| 14 kW | $3.37 | $33,022 | $49,283 | 10.0 years |
| 16 kW | $3.30 | $36,953 | $57,110 | 9.8 years |
| 18 kW | $3.23 | $40,688 | $65,133 | 9.6 years |
| 20 kW | $3.16 | $44,226 | $73,353 | 9.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
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 Edenton, NC Solar Cost FAQs
How much does it cost to install solar panels in Edenton?
The average cost of solar panels in Edenton is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Edenton?
You can’t get solar panels for free in Edenton. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
How will solar panels impact how much my home is worth?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.