Solar Panel Cost Guide in Enochville, NC (2023 Update)
- Enochville Solar Installation Cost: $12,216
- 25-Year Savings: $18,026
- Payback Period: 10.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Enochville
Let's have a look at the average cost of solar in Enochville.
The national average cost of solar panels is $2.66 per watt, but in Enochville it's 2.54 per watt. Because a 6.9-kW system is needed to cover the energy usage of a typical home in Enochville, the average price of going solar will be about $12,215 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of solar panels you want, your solar contractor and more. Even with the high upfront cost, the average Enochville homeowner can save about $17,000 on their energy bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a reputable solar installer in your area for a customized estimate.
Solar savings over time in Enochville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,115 |
| 3 years | $-11,913 |
| 5 years | $-11,712 |
| 7 years | $-11,510 |
| 9 years | $-11,308 |
| 11 years | $-11,107 |
| 13 years | $-10,905 |
| 15 years | $-10,704 |
| 17 years | $-10,502 |
| 19 years | $-10,300 |
| 21 years | $-10,099 |
| 23 years | $-9,897 |
| 25 years | $-9,695 |
Top Solar Installers in Enochville
Although it's possible to install solar panels by yourself, it involves extra time and know-how. For that reason, almost all homeowners choose to hire a solar panel installer. Companies can also have access to quality options of the best solar panels and help you pick which one will be best for you.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Enochville
Factors that Affect Solar Panel Costs in Enochville
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Enochville: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally, the brands that are more efficient 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 much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Enochville provide solar loans, which reduce the initial cost of installing solar panels. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Enochville is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for example, you'll have many options for solar installers that provide a range of services at different price points. Additionally, some companies in Enochville have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $15,315 | 10.5 years |
| 8 kW | $2.59 | $14,508 | $20,705 | 10.3 years |
| 10 kW | $2.54 | $17,780 | $26,237 | 10.1 years |
| 12 kW | $2.49 | $20,909 | $31,911 | 9.9 years |
| 14 kW | $2.44 | $23,896 | $37,727 | 9.7 years |
| 16 kW | $2.39 | $26,741 | $43,686 | 9.5 years |
| 18 kW | $2.34 | $29,444 | $49,787 | 9.3 years |
| 20 kW | $2.29 | $32,004 | $56,030 | 9.1 years |
How to Save on Solar Panels
There are a lot of companies available in Enochville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 Enochville, NC Solar Cost FAQs
How much does it cost to install solar panels in Enochville?
The average cost of solar panels in Enochville is about $12,700 for a 5-kW system and $25,400 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 use.
Should I lease or buy solar panels in Enochville?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to 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 Enochville?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.