Solar Panel Cost Guide in Enochville, NC (2023 Update)
- Enochville Solar Installation Cost: $12,215
- 25-Year Savings: $18,027
- Payback Period: 10.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Enochville
Find out how much it might cost to install solar panels in Enochville.
In Enochville, solar panels cost about 2.54 per watt on average. The average Enochville homeowner needs a 6.9-kilowatt system, which would cost about $12,215 with the federal tax credit, or $17,467 before the 30% tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely vary based on your specific situation and what company you want to go with. Even with the high upfront cost, the average Enochville homeowner can save around $17,000 on their energy bills over 20 years, which is one of the perks of solar.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Enochville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,005 |
| 3 years | $-8,586 |
| 5 years | $-6,167 |
| 7 years | $-3,747 |
| 9 years | $-1,328 |
| 11 years | $1,092 |
| 13 years | $3,511 |
| 15 years | $5,930 |
| 17 years | $8,350 |
| 19 years | $10,769 |
| 21 years | $13,188 |
| 23 years | $15,608 |
| 25 years | $18,027 |
Top Solar Installers in Enochville
Trying to put up solar panels by yourself can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. The expertise that solar installers offer can be invaluable as well, particularly if you aren't sure what type of solar equipment would be right for your home.
If you'd like to start using solar energy but still aren't sure which solar panel installer to go with, here are our recommendations for providers in Enochville:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average 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
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $2,540 per kilowatt in Enochville. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Enochville, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of 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
If paying for solar panels in cash is difficult, solar loans are an affordable option because they lower your upfront costs and allow you to pay for your system over five to seven years on average. However, the interest on solar loans also adds to your overall costs, so it's important to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can impact the cost. Enochville's solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their larger 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 | $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
The solar panel company you opt for will impact not only your total costs, but also the kinds 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, including:
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- 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.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 actual cost will depend on certain factors 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 Enochville?
You can't get solar panels for free in Enochville. 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 want to own your solar panels, you can finance them with a solar loan.
Does Enochville have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation 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 often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.