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

  • Fairview Solar Installation Cost: $12,055
  • 25-Year Savings: $20,828
  • Payback Period: 9.2 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 Fairview

Let's have a look at the average cost of solar panels in Fairview.

While the national average of solar panels is $2.66 per watt, solar panels in Fairview generally cost about $3. To cover the typical energy usage of the average home in Fairview, most homeowners require a 6.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,055, or $8,921 after the federal solar tax credit of 30% is applied.

These figures are just averages, and your own solar costs will most likely differ based on the amount of energy your home requires and what company you want to go with. Many homeowners find going solar is a sound investment. The average homeowner in Fairview can save about $18,000 on their power bills over 20 years.

For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Fairview

Year Return on Investment
1 years $-10,740
3 years $-8,109
5 years $-5,478
7 years $-2,848
9 years $-217
11 years $2,414
13 years $5,044
15 years $7,675
17 years $10,305
19 years $12,936
21 years $15,567
23 years $18,197
25 years $20,828

Top Solar Installers in Fairview

When going solar, many homeowners prefer to hire a solar installer since putting up a solar system yourself can be a challenging project. Some solar companies, especially local ones, can help you better understand incentives in Fairview, optimizing your ROI.

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 Fairview:

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 Fairview

Factors that Affect Solar Panel Costs in Fairview

Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Fairview: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.

Solar Equipment

The size of the solar system you need for your household is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,540. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Fairview homeowners decide to finance their solar panel systems to make going solar more affordable. While solar loans make adopting solar energy more accessible for Fairview homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The last significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Fairview, you'll have a great number of options to choose from, but each comes at varying price points for labor and 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 come at a higher cost. It's best to do some research and choose a company that has the products, warranties and services you're looking for 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 $18,007 9.5 years
8 kW $2.59 $14,508 $24,294 9.3 years
10 kW $2.54 $17,780 $30,723 9.2 years
12 kW $2.49 $20,909 $37,294 9.0 years
14 kW $2.44 $23,896 $44,007 8.8 years
16 kW $2.39 $26,741 $50,863 8.6 years
18 kW $2.34 $29,444 $57,861 8.4 years
20 kW $2.29 $32,004 $65,001 8.2 years

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:

  • Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
  • Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
  • Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a quality company.
  • Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.

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 Fairview, NC Solar Cost FAQs

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

The average cost of solar panels in Fairview 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 things like the model of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Fairview?

Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.

Do solar panels increase how much your home is worth?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Fairview is currently $201,306, so you can expect about a value of about $8,254 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Fairview is a rewarding investment.

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 stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using 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.

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