Solar Panel Cost Guide in High Point, NC (Dec 2022)

  • High Point Solar Installation Cost: $12,339
  • 25-Year Savings: $19,353
  • Payback Period: 9.7 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in High Point

Find out what the average cost of solar panels are in High Point.

Currently, the national average cost of solar panels is $2.66 per watt. However, in High Point, the typical cost of a solar system is $3 per watt. Since a 6.9-kW system is needed to cover the energy costs of a typical home in High Point, the average price of going solar will be about $12,339 before claiming the federal solar tax credit of 30%.

The true cost of your system can be above or below the average in High Point based on several factors, such as the model of solar panels you choose and the solar company you hire. Many homeowners find going solar is a sound investment. The average homeowner in High Point can save around $17,000 on their energy bills over 20 years.

Click the button below to get connected to a reputable solar installer in your area for a custom estimate.

Solar savings over time in High Point

Year Return on Investment
1 years $-11,072
3 years $-8,536
5 years $-6,001
7 years $-3,465
9 years $-930
11 years $1,605
13 years $4,141
15 years $6,676
17 years $9,212
19 years $11,747
21 years $14,283
23 years $16,818
25 years $19,353

Top Solar Installers in High Point

Although it's possible to install solar panels on your own, it requires extra labor and know-how. That's why the majority of homeowners choose to go with a solar panel installer. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be best for you.

If you're on the hunt for a solar company in High Point, the EcoWatch team has compiled a list of our top suggestions here:

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 High Point

Factors that Affect Solar Panel Costs in High Point

Although the average cost of a solar system in High Point is $12,339, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.

Solar Equipment

When it comes to estimating the cost of a solar system in High Point, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by around $2,540 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Most solar companies in High Point offer solar loans, which reduce your upfront costs of installing a solar system. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.

Solar Panel Installation Company

The solar company you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies operating throughout High Point, and each can charge varying amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.

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 $16,307 10.1 years
8 kW $2.59 $14,508 $22,027 9.9 years
10 kW $2.54 $17,780 $27,890 9.7 years
12 kW $2.49 $20,909 $33,894 9.5 years
14 kW $2.44 $23,896 $40,041 9.3 years
16 kW $2.39 $26,741 $46,330 9.1 years
18 kW $2.34 $29,444 $52,762 9.0 years
20 kW $2.29 $32,004 $59,335 8.8 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:

  • Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide high-quality solar panel installation and expertise.
  • Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
  • Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
  • Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.

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 High Point, NC Solar Cost FAQs

What is the average cost of installing solar panels in High Point?

This is a difficult question to answer exactly, 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 other solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

Can you get solar panels for free in High Point?

A solar panel system isn't free in High Point, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

Do solar panels increase your property value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in High Point is currently $159,642, so you can look forward to a value of about $6,545 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in High Point is a rewarding investment.

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 requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.

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