Solar Panel Cost Guide in Half Moon, NC (2024 Update)
- Half Moon Solar Installation Cost: $16,335
- 25-Year Savings: $20,151
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Half Moon
Here’s how much it might cost to go solar in Half Moon.
Although the national average of solar panels is $2.66 per watt, solar panels in Half Moon typically cost about 4.To cover the typical energy usage of the average home in Half Moon, most homeowners require a 6.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $16,335, or $23,359 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average Half Moon homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $18,000 over 20 years on power bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Half Moon
| Year | Return on Investment |
|---|---|
| 1 years | $-14,864 |
| 3 years | $-11,922 |
| 5 years | $-8,980 |
| 7 years | $-6,038 |
| 9 years | $-3,095 |
| 11 years | $-153 |
| 13 years | $2,789 |
| 15 years | $5,731 |
| 17 years | $8,673 |
| 19 years | $11,616 |
| 21 years | $14,558 |
| 23 years | $17,500 |
| 25 years | $20,442 |
Top Solar Installers in Half Moon
Although you can install solar panels by yourself, it takes extra effort and expertise. That's why most people choose to go with a solar panel installer. Because solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- 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
- 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 Half Moon
Factors that Affect Solar Panel Costs in Half Moon
Although the average cost of a solar system in Half Moon is $16,335, your final cost may differ. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,510.The type of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Half Moon, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you select will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.You may come across national solar installers that have lower prices due to 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 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 | $3.65 | $15,332 | $13,522 | 13.3 years |
| 8 kW | $3.58 | $20,049 | $18,422 | 13.0 years |
| 10 kW | $3.51 | $24,570 | $23,519 | 12.8 years |
| 12 kW | $3.44 | $28,894 | $28,813 | 12.5 years |
| 14 kW | $3.37 | $33,022 | $34,303 | 12.3 years |
| 16 kW | $3.30 | $36,953 | $39,989 | 12.0 years |
| 18 kW | $3.23 | $40,688 | $45,873 | 11.8 years |
| 20 kW | $3.16 | $44,226 | $51,952 | 11.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The model of solar panel you need to install plays a part in which installer you should go with, since different companies provide different panels.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
Best National Provider
SunPower
- 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
- 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 Half Moon, NC Solar Cost FAQs
What is the average cost of installing solar panels in Half Moon?
The average cost of solar panels in Half Moon 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Half Moon?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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 household 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.