Solar Panel Cost Guide in Havelock, NC (Oct 2022)

  • Havelock Solar Installation Cost: $12,144
  • 25-Year Savings: $18,877
  • Payback Period: 9.8 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Havelock

We break down average solar pricing in Havelock.

In Havelock, solar panels cost about $3 per watt on average. To account for the typical energy usage of the average home in Havelock, most homeowners require a 6.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,144, or $8,987 after 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 going solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Havelock can save around $17,000 on their energy bills over 20 years.

To calculate your potential savings and connect with a local solar expert, click the button below.

Solar savings over time in Havelock

Year Return on Investment
1 years $-10,903
3 years $-8,421
5 years $-5,940
7 years $-3,458
9 years $-976
11 years $1,505
13 years $3,987
15 years $6,469
17 years $8,950
19 years $11,432
21 years $13,913
23 years $16,395
25 years $18,877

Top Solar Installers in Havelock

Although you can install solar panels on your own, it requires extra labor and knowledge. For that reason, most people choose a solar panel installer. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.

If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our recommendations for providers nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

See all of the solar companies in Havelock

Factors that Affect Solar Panel Costs in Havelock

The cost of installing a solar system in Havelock can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.

Solar Equipment Size

The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size. Solar power systems with greater efficiency or power production require 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 $2,540. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Havelock, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Havelock homeowners choose to finance their solar panel systems to make going solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar company you choose will affect your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. The company's size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.

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 $16,156 10.2 years
8 kW $2.59 $14,508 $21,825 10.0 years
10 kW $2.54 $17,780 $27,637 9.8 years
12 kW $2.49 $20,909 $33,591 9.6 years
14 kW $2.44 $23,896 $39,688 9.4 years
16 kW $2.39 $26,741 $45,926 9.2 years
18 kW $2.34 $29,444 $52,307 9.0 years
20 kW $2.29 $32,004 $58,830 8.8 years

Solar Incentives in Havelock

Name Duke Energy - NC Solar Rebate Program
Website Visit here
More Info Click here

Name Property Tax Abatement for Solar Electric Systems
More Info Click here

Name Active Solar Heating and Cooling Systems Exemption
More Info Click here

Name Duke Energy Progress - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name EnergyUnited (Electric) Residential Energy Efficiency Program
Website Visit here
More Info Click here

Name Carteret-Craven Electric Cooperative - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name NC GreenPower Production Incentive
Website Visit here
More Info Click here

Name Local Option - Financing Program for Renewable Energy and Energy Efficiency
Incentive Amount
More Info Click here

Name Local Option - Green Building Incentives
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

There are a large number of companies to choose from in Havelock, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:

  • Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two 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 satisfied reviews from past customers.
  • Solar Panel Brands: Different companies have different brands and models of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
  • Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
  • Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

EcoWatch's Havelock, NC Solar Cost FAQs

What is the average cost of installing solar panels in Havelock?

This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Can you get solar panels for free in Havelock?

You can't get solar panels for free in Havelock. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.

Do solar panels increase your home value?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Havelock is currently $122,270, which means you could be looking at a value of about $5,013 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Havelock is a fruitful investment.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.

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.

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