Solar Panel Cost Guide in Gamewell, NC (2023 Update)
- Gamewell Solar Installation Cost: $12,432
- 25-Year Savings: $20,378
- Payback Period: 9.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Gamewell
Let's have a look at the average cost of solar in Gamewell.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Gamewell, the average cost of solar panels is 2.54 per watt. Since a 7.0-kW system is needed to cover the energy needs of a typical home in Gamewell, the average price of going solar will be about $12,428 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of solar panels you choose, your solar contractor and more. For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Gamewell see about $18,000 in savings on utility bills over 20 years.
Click the button below to get connected to a vetted solar company in Gamewell for a personalized quote.
Solar savings over time in Gamewell
| Year | Return on Investment |
|---|---|
| 1 years | $-12,323 |
| 3 years | $-12,104 |
| 5 years | $-11,886 |
| 7 years | $-11,667 |
| 9 years | $-11,448 |
| 11 years | $-11,229 |
| 13 years | $-11,011 |
| 15 years | $-10,792 |
| 17 years | $-10,573 |
| 19 years | $-10,354 |
| 21 years | $-10,136 |
| 23 years | $-9,917 |
| 25 years | $-9,698 |
Top Solar Installers in Gamewell
Installing solar panels on your own can be a dangerous undertaking, which is why getting a solar installation company is a good option for many homeowners. Companies can also have access to various kinds of the best solar panels and help you decide which one will be best for your home.
If you're on the hunt for a solar installer in Gamewell, we've put together a list of our top suggestions here:
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 Gamewell
Factors that Affect Solar Panel Costs in Gamewell
For many Gamewell homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Gamewell, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Gamewell, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by around $2,540 for each additional kilowatt you need. The solar equipment you choose can increase or decrease your cost 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, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Gamewell average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Gamewell homeowners decide to finance their solar panel systems to make paying for solar more affordable. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can play a role in determining your pricing. Gamewell's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 tough, so here are some tips to help you decide:
- Reputation: Your solar installer should have a sound 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.
- Contract: When looking 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 such as a system part breaking or the company going out of business.
- 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 type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
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 Gamewell, NC Solar Cost FAQs
How much does it cost to install solar panels in Gamewell?
This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $12,700 for a 5-kW system and $25,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $938.46 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.