Solar Panel Cost Guide in Gamewell, NC (Mar 2023)
- Gamewell Solar Installation Cost: $12,428
- 25-Year Savings: $20,382
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Gamewell
Let's take a look at the average cost of solar panels in Gamewell.
The national average cost of solar panels is $2.66 per watt, but in Gamewell it's 2.54 per watt. Using this figure, a typical 7.0-kW system would cost about $12,428 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you may vary based on the amount of energy your home requires and what company you go with. For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $18,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Gamewell that can help you get a more accurate cost estimate for your home.
Solar savings over time in Gamewell
| Year | Return on Investment |
|---|---|
| 1 years | $-11,116 |
| 3 years | $-8,491 |
| 5 years | $-5,866 |
| 7 years | $-3,241 |
| 9 years | $-617 |
| 11 years | $2,008 |
| 13 years | $4,633 |
| 15 years | $7,258 |
| 17 years | $9,883 |
| 19 years | $12,508 |
| 21 years | $15,132 |
| 23 years | $17,757 |
| 25 years | $20,382 |
Top Solar Installers in Gamewell
Many homeowners choose to use a solar panel installer since trying to put up solar panels on your own can be challenging. Plus, if you're not certain what brand of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Gamewell
Factors that Affect Solar Panel Costs in Gamewell
The cost of installing a solar system in Gamewell can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 in the long run on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Gamewell 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 Gamewell, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your overall costs, so it's important to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Gamewell is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services at different costs. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 | $17,059 | 9.9 years |
| 8 kW | $2.59 | $14,508 | $23,030 | 9.7 years |
| 10 kW | $2.54 | $17,780 | $29,143 | 9.5 years |
| 12 kW | $2.49 | $20,909 | $35,398 | 9.3 years |
| 14 kW | $2.44 | $23,896 | $41,796 | 9.1 years |
| 16 kW | $2.39 | $26,741 | $48,335 | 8.9 years |
| 18 kW | $2.34 | $29,444 | $55,017 | 8.7 years |
| 20 kW | $2.29 | $32,004 | $61,842 | 8.5 years |
How to Save on Solar Panels
There are a large number of companies available in Gamewell, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, 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. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Before signing a contract with a solar installer, make sure to read it through completely 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 component breaks or malfunctions and what services you can expect from them.
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 Gamewell, NC Solar Cost FAQs
What is the average cost of installing solar panels in Gamewell?
The average cost of solar panels in Gamewell 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Gamewell?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is it worth going solar in Gamewell?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Gamewell?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.