Solar Panel Cost Guide in Farmville, NC (2023 Update)
- Farmville Solar Installation Cost: $12,421
- 25-Year Savings: $20,922
- Payback Period: 9.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Farmville
We break down average solar pricing in Farmville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Farmville, the average cost of solar panels is 2.54 per watt. To account for the typical energy needs of the average home in Farmville, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,428, or $17,772 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary depending on multiple factors, such as what size system you need, your energy usage and what company you go with. Many homeowners find going solar is a rewarding investment. The average homeowner in Farmville can save about $18,000 on their electricity 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 Farmville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,310 |
| 3 years | $-12,087 |
| 5 years | $-11,865 |
| 7 years | $-11,643 |
| 9 years | $-11,421 |
| 11 years | $-11,198 |
| 13 years | $-10,976 |
| 15 years | $-10,754 |
| 17 years | $-10,531 |
| 19 years | $-10,309 |
| 21 years | $-10,087 |
| 23 years | $-9,865 |
| 25 years | $-9,642 |
Top Solar Installers in Farmville
When making the switch to solar, many homeowners choose to go with a solar company since DIY solar panel installation can be a challenging project. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
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 Farmville
Factors that Affect Solar Panel Costs in Farmville
There are several criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,540. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Farmville average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Farmville, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your all-in costs, so it's vital to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company 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 Farmville, and each can charge varying amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $17,542 | 9.7 years |
| 8 kW | $2.59 | $14,508 | $23,674 | 9.5 years |
| 10 kW | $2.54 | $17,780 | $29,948 | 9.3 years |
| 12 kW | $2.49 | $20,909 | $36,365 | 9.1 years |
| 14 kW | $2.44 | $23,896 | $42,923 | 8.9 years |
| 16 kW | $2.39 | $26,741 | $49,624 | 8.8 years |
| 18 kW | $2.34 | $29,444 | $56,467 | 8.6 years |
| 20 kW | $2.29 | $32,004 | $63,452 | 8.4 years |
How to Save on Solar Panels
There are numerous companies available in Farmville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer 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.
- Installation Process: When making the switch to solar power, it's crucial to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the completion timeline.
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 Farmville, NC Solar Cost FAQs
What is the average cost of installing solar panels in Farmville?
The average cost of solar panels in Farmville 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 stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Farmville?
The majority of states have net metering programs of some kind. Through these, you can get paid for the extra power your system produces 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 often do you have to replace solar panels?
Although 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 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 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.