Solar Panel Cost Guide in High Point, NC (Mar 2023)
- High Point Solar Installation Cost: $12,339
- 25-Year Savings: $19,353
- Payback Period: 9.7 Years
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Updated March 14, 2023
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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 2.54 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 after 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 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 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 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 High Point, NC Solar Cost FAQs
What is the average cost of installing solar panels in High Point?
The average cost of solar panels in High Point 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
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 further reduce the cost.
Can you sell solar power back to the grid in High Point?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can 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 install between 20 and 35 panels to account for 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.