Solar Panel Cost Guide in Farmville, NC (2024 Update)
- Farmville Solar Installation Cost: $17,164
- 25-Year Savings: $20,922
- Payback Period: 12.9 Years
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Average Cost of Solar Panels in Farmville
We go over average solar pricing in Farmville.
The average cost of a solar system in Farmville is 4 per watt.Using this figure, a typical 7.0-kW system would cost about $17,164 before the 0 federal solar tax credit is applied.
The actual price you pay can go above or below the average in Farmville depending on several factors, such as the brand of solar panels you choose and the solar company you hire.With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Farmville find investing in solar can be quite rewarding.
Click the button below to get connected to a highly rated solar installer in Farmville for a custom quote.
Solar savings over time in Farmville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,693 |
| 3 years | $-12,751 |
| 5 years | $-9,809 |
| 7 years | $-6,867 |
| 9 years | $-3,924 |
| 11 years | $-982 |
| 13 years | $1,960 |
| 15 years | $4,902 |
| 17 years | $7,844 |
| 19 years | $10,787 |
| 21 years | $13,729 |
| 23 years | $16,671 |
| 25 years | $19,613 |
Top Solar Installers in Farmville
Many homeowners choose to use a solar panel company since trying to install solar panels by yourself can be time-consuming. The payback period on an investment in solar panels will vary based on factors like your location and energy needs, but going with a solar company can shorten it. Your provider will be able to help you apply for incentives available in your area.
If you’d like to go solar but still aren’t sure which solar system installer to go with, here are our suggestions for providers in Farmville:
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 Farmville
Factors that Affect Solar Panel Costs in Farmville
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Farmville: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Farmville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by around $3,510 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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, higher efficiency could save you more over time on your power bills. In addition, 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 a challenge. Solar loans are provided by most installers in Farmville, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Farmville, and each can charge varying amounts for labor and equipment.Additionally, some companies in Farmville are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $13,305 | 13.4 years |
| 8 kW | $3.58 | $20,049 | $18,133 | 13.1 years |
| 10 kW | $3.51 | $24,570 | $23,158 | 12.9 years |
| 12 kW | $3.44 | $28,894 | $28,380 | 12.6 years |
| 14 kW | $3.37 | $33,022 | $33,797 | 12.4 years |
| 16 kW | $3.30 | $36,953 | $39,412 | 12.1 years |
| 18 kW | $3.23 | $40,688 | $45,223 | 11.8 years |
| 20 kW | $3.16 | $44,226 | $51,230 | 11.6 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Farmville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of 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 positive reviews from previous customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 $17,550 for a 5-kW system and $35,100 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 use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Farmville, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.