Solar Panel Cost Guide in Enochville, NC (2024 Update)
- Enochville Solar Installation Cost: $16,881
- 25-Year Savings: $18,026
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Enochville
Here’s how much it might cost to install solar panels in Enochville.
Although the national average of solar panels is $2.66 per watt, solar panels in Enochville generally cost around 4.To account for the typical energy needs of the average home in Enochville, most homeowners require a 6.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,881, or $24,140 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and your own solar costs will differ based on factors unique to your home and what company you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Enochville can save around $17,000 on their energy bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Enochville
Year | Return on Investment |
---|---|
1 years | $-15,559 |
3 years | $-12,914 |
5 years | $-10,270 |
7 years | $-7,626 |
9 years | $-4,982 |
11 years | $-2,337 |
13 years | $307 |
15 years | $2,951 |
17 years | $5,595 |
19 years | $8,240 |
21 years | $10,884 |
23 years | $13,528 |
25 years | $16,172 |
Top Solar Installers in Enochville
Trying to install solar panels by yourself can be a challenging task, which is why using a solar installation company is a good option for many homeowners. Local solar installers can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
If you’d like to go solar but still aren’t certain which solar panel company to go with, here are our recommendations for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Enochville
Factors that Affect Solar Panel Costs in Enochville
The cost of installing a solar system in Enochville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,510.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Enochville, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Enochville to be too costly, even if the investment pays off over time. Fortunately, nearly every solar company 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.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Enochville, and each can charge varying amounts for labor and equipment.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 of greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down 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 | $11,078 | 14.5 years |
8 kW | $3.58 | $20,049 | $15,164 | 14.2 years |
10 kW | $3.51 | $24,570 | $19,447 | 14.0 years |
12 kW | $3.44 | $28,894 | $23,926 | 13.7 years |
14 kW | $3.37 | $33,022 | $28,601 | 13.4 years |
16 kW | $3.30 | $36,953 | $33,474 | 13.1 years |
18 kW | $3.23 | $40,688 | $38,542 | 12.8 years |
20 kW | $3.16 | $44,226 | $43,808 | 12.6 years |
How to Save on Solar Panels
The solar installer you choose 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 several important things you should consider, such as:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Enochville, NC Solar Cost FAQs
What is the average cost of installing solar panels in Enochville?
The average cost of solar panels in Enochville 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 certain factors such as the type 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 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 financial benefits from going solar.
Can you sell solar power back to the grid in Enochville?
Most states have net metering programs of some kind. Through these, you can receive compensation 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 long do solar panels last in Enochville?
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.