Solar Panel Cost Guide in Henderson, NC (2023 Update)
- Henderson Solar Installation Cost: $12,520
- 25-Year Savings: $22,331
- Payback Period: 9.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Henderson
Find out how much it might cost to install solar panels in Henderson.
In Henderson, solar panels cost about 2.54 per watt on average. Since a 7.0-kW system is needed to cover the energy costs of a typical home in Henderson, the average price of going solar will be about $12,517 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and how much solar costs for you may look different based on your energy needs and what company you want to go with. Many homeowners find going solar is a rewarding investment. The average homeowner in Henderson can save about $19,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Henderson that can help you get a more accurate cost estimate for your home.
Solar savings over time in Henderson
| Year | Return on Investment |
|---|---|
| 1 years | $-11,049 |
| 3 years | $-8,107 |
| 5 years | $-5,165 |
| 7 years | $-2,223 |
| 9 years | $719 |
| 11 years | $3,662 |
| 13 years | $6,604 |
| 15 years | $9,546 |
| 17 years | $12,488 |
| 19 years | $15,430 |
| 21 years | $18,373 |
| 23 years | $21,315 |
| 25 years | $24,257 |
Top Solar Installers in Henderson
Trying to install solar panels on your own can be a difficult project, which is why using a solar installation company is a good option for many homeowners. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be right for your family.
If you're searching for a solar installer in Henderson, 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 Henderson
Factors that Affect Solar Panel Costs in Henderson
While the average cost of a solar system in Henderson is $12,517, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,540. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Henderson homeowners opt to finance their solar panel systems to make going solar more affordable. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Henderson, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and bulk 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 | $18,600 | 9.3 years |
| 8 kW | $2.59 | $14,508 | $25,084 | 9.2 years |
| 10 kW | $2.54 | $17,780 | $31,711 | 9.0 years |
| 12 kW | $2.49 | $20,909 | $38,480 | 8.8 years |
| 14 kW | $2.44 | $23,896 | $45,391 | 8.6 years |
| 16 kW | $2.39 | $26,741 | $52,445 | 8.4 years |
| 18 kW | $2.34 | $29,444 | $59,640 | 8.3 years |
| 20 kW | $2.29 | $32,004 | $66,978 | 8.1 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: Before you sign a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: The model of solar panel you need to get plays a part in which installer you should go with, since different companies provide different panels.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
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 Henderson, NC Solar Cost FAQs
What is the average cost of installing solar panels in Henderson?
This is a difficult question to answer precisely, because the cost depends on a few different 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 cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Henderson?
You can't get solar panels for free in Henderson. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $989.82 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and how much 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 buy 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.