Solar Panel Cost Guide in Holly Springs, NC (Feb 2023)
- Holly Springs Solar Installation Cost: $12,428
- 25-Year Savings: $17,340
- Payback Period: 10.4 Years
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Top Solar Installers in Holly Springs
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make your switch to solar power much easier. Companies can also have access to various kinds of the best solar panels and help you pick which one will be best for your family.
If you're on the hunt for a solar company in Holly Springs, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Holly Springs
Factors that Affect Solar Panel Costs in Holly Springs
There are several criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Holly Springs average.
Solar Financing Terms
Most solar installers in Holly Springs offer solar loans, which reduce your upfront costs of installing a solar system. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can play a part in determining your pricing. Holly Springs' solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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||$14,445||10.9 years|
|8 kW||$2.59||$14,508||$19,544||10.7 years|
|10 kW||$2.54||$17,780||$24,785||10.4 years|
|12 kW||$2.49||$20,909||$30,169||10.2 years|
|14 kW||$2.44||$23,896||$35,695||10.0 years|
|16 kW||$2.39||$26,741||$41,364||9.8 years|
|18 kW||$2.34||$29,444||$47,174||9.6 years|
|20 kW||$2.29||$32,004||$53,127||9.4 years|
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: When going solar, it's essential to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the project completion timeline.
- Reputation: Companies that have been operating for many years 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 support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
EcoWatch's Holly Springs, NC Solar Cost FAQs
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.