Solar Panel Cost Guide in Erwin, NC (Nov 2022)

  • Erwin Solar Installation Cost: $12,357
  • 25-Year Savings: $20,271
  • Payback Period: 9.5 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Erwin

Here's how much it might cost to make the switch to solar in Erwin.

The national average cost of solar panels is $2.66 per watt, but in Erwin it's $3 per watt. Using this figure, a typical 7.0 would cost about $12,357 before the 30% federal solar tax credit is applied.

The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what solar installer you go with. But, once you've paid the initial cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $18,000 over 20 years on energy bills.

You can click the button below to get connected with a vetted solar company in Erwin that can help you get a more accurate cost estimate for your home.

Solar savings over time in Erwin

Year Return on Investment
1 years $-11,052
3 years $-8,442
5 years $-5,831
7 years $-3,221
9 years $-611
11 years $1,999
13 years $4,609
15 years $7,220
17 years $9,830
19 years $12,440
21 years $15,050
23 years $17,661
25 years $20,271

Top Solar Installers in Erwin

Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make your switch to solar power much easier. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.

If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our recommendations for providers in Erwin:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

See all of the solar companies in Erwin

Factors that Affect Solar Panel Costs in Erwin

Even though the average cost of solar panels in Erwin is $12,357, your actual cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.

Solar Equipment

One of the most important factors to consider when it comes to the cost of going solar 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 around $2,540 per kilowatt in Erwin. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Erwin, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Erwin, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. When considering 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

Finally, the company you hire to install your solar panels can play a role in determining the cost. Erwin's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that offers the products, warranties and services you want and also is within your budget.

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 $17,088 9.8 years
8 kW $2.59 $14,508 $23,069 9.7 years
10 kW $2.54 $17,780 $29,191 9.5 years
12 kW $2.49 $20,909 $35,456 9.3 years
14 kW $2.44 $23,896 $41,864 9.1 years
16 kW $2.39 $26,741 $48,413 8.9 years
18 kW $2.34 $29,444 $55,105 8.7 years
20 kW $2.29 $32,004 $61,939 8.5 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:

  • Solar Panel Brands: Different companies will have different brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
  • 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.
  • Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
  • Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

EcoWatch's Erwin, NC Solar Cost FAQs

What is the average cost of installing solar panels in Erwin?

The average cost of solar panels in Erwin 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 such as 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 Erwin?

You can't get solar panels for free in Erwin. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.

Can solar panels significantly reduce my energy bills?

Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $939.43 per year.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs and how much 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 buy 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.

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