Solar Panel Cost Guide in Henderson, NC (2024 Update)
- Henderson Solar Installation Cost: $17,302
- 25-Year Savings: $22,331
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Henderson
Here’s how much it might cost to install solar panels in Henderson.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Henderson, the typical cost of solar panels is 4 per watt.To cover the typical energy needs of the average home in Henderson, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,302, or $24,742 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary based on several factors, such as how many panels you need, your energy consumption and what company you go with.Even with the large initial cost, the average Henderson homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Henderson
| Year | Return on Investment |
|---|---|
| 1 years | $-15,831 |
| 3 years | $-12,889 |
| 5 years | $-9,946 |
| 7 years | $-7,004 |
| 9 years | $-4,062 |
| 11 years | $-1,120 |
| 13 years | $1,822 |
| 15 years | $4,765 |
| 17 years | $7,707 |
| 19 years | $10,649 |
| 21 years | $13,591 |
| 23 years | $16,533 |
| 25 years | $19,475 |
Top Solar Installers in Henderson
When switching to solar energy, many homeowners prefer to go with a solar company since installing a solar system yourself can be a difficult project. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you're looking for a solar installer in Henderson, the EcoWatch team has compiled 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Henderson
Factors that Affect Solar Panel Costs in Henderson
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Henderson: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,510. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Henderson to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.However, the interest on solar loans also adds to your overall costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Henderson, and each can charge different amounts for labor and equipment.You may see 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 specials 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 | $14,363 | 12.9 years |
| 8 kW | $3.58 | $20,049 | $19,544 | 12.7 years |
| 10 kW | $3.51 | $24,570 | $24,921 | 12.4 years |
| 12 kW | $3.44 | $28,894 | $30,495 | 12.2 years |
| 14 kW | $3.37 | $33,022 | $36,266 | 11.9 years |
| 16 kW | $3.30 | $36,953 | $42,233 | 11.7 years |
| 18 kW | $3.23 | $40,688 | $48,396 | 11.4 years |
| 20 kW | $3.16 | $44,226 | $54,756 | 11.2 years |
How to Save on Solar Panels
There are a large number of companies available in Henderson, 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:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Contract: Although 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 the terms of the warranty.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Henderson, NC Solar Cost FAQs
What is the average cost of installing solar panels in Henderson?
The average cost of solar panels in Henderson is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Henderson?
You can’t get solar panels for free in Henderson. However, you may still be able to afford 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 will installing solar panels impact the value of my home?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Henderson?
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 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.