Solar Panel Cost Guide in Hendersonville, NC (Mar 2023)
- Hendersonville Solar Installation Cost: $12,197
- 25-Year Savings: $19,640
- Payback Period: 9.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Hendersonville
Find out what the average cost of solar panel installation is in Hendersonville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hendersonville, the average cost of a solar system is 2.54 per watt. Using this figure, a typical 6.9-kW system would cost about $12,197 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Hendersonville homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. With typical savings of about $18,000 on power bills over 20 years, many homeowners in Hendersonville find investing in solar can be quite rewarding.
Click the button below to get connected to a reputable solar panel company in Hendersonville for a personalized quote.
Solar savings over time in Hendersonville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,924 |
| 3 years | $-8,377 |
| 5 years | $-5,830 |
| 7 years | $-3,283 |
| 9 years | $-736 |
| 11 years | $1,811 |
| 13 years | $4,358 |
| 15 years | $6,905 |
| 17 years | $9,452 |
| 19 years | $11,999 |
| 21 years | $14,546 |
| 23 years | $17,093 |
| 25 years | $19,640 |
Top Solar Installers in Hendersonville
Many homeowners opt for a solar panel installer since trying to install solar panels on your own can be a lot of work. The payback period on a solar system will vary based on factors like your location and energy consumption, but going with a solar company can shorten it. Your provider will be able to help you apply for incentives available in your area.
Working with a professional solar company can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Hendersonville
Factors that Affect Solar Panel Costs in Hendersonville
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Hendersonville: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The brand of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions 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 for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Hendersonville, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. While solar loans make switching to solar energy more accessible for Hendersonville homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installer you select will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices because of their larger 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 | $2.64 | $11,095 | $16,738 | 10.0 years |
| 8 kW | $2.59 | $14,508 | $22,602 | 9.8 years |
| 10 kW | $2.54 | $17,780 | $28,609 | 9.6 years |
| 12 kW | $2.49 | $20,909 | $34,757 | 9.4 years |
| 14 kW | $2.44 | $23,896 | $41,048 | 9.2 years |
| 16 kW | $2.39 | $26,741 | $47,481 | 9.0 years |
| 18 kW | $2.34 | $29,444 | $54,056 | 8.8 years |
| 20 kW | $2.29 | $32,004 | $60,773 | 8.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The type of solar panel you'd like plays a role in which company you should opt for, since different companies offer different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Hendersonville, NC Solar Cost FAQs
How much does it cost to install solar panels in Hendersonville?
The average cost of solar panels in Hendersonville is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.