Solar Panel Cost Guide in Kannapolis, NC (Feb 2023)
- Kannapolis Solar Installation Cost: $12,197
- 25-Year Savings: $18,584
- Payback Period: 9.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Top Solar Installers in Kannapolis
Many homeowners opt for a solar panel installer since installing solar panels yourself can be hard. The expertise that solar companies provide can be valuable as well, especially if you aren't sure what kind of solar equipment you need.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
See all of the solar companies in Kannapolis
Factors that Affect Solar Panel Costs in Kannapolis
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Kannapolis: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,540. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Kannapolis, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Kannapolis, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your total costs, so it's important to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can impact the cost. Kannapolis' solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that has the products, warranties and services you're looking for and also is within your budget.
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||$15,809||10.3 years|
|8 kW||$2.59||$14,508||$21,363||10.1 years|
|10 kW||$2.54||$17,780||$27,060||9.9 years|
|12 kW||$2.49||$20,909||$32,899||9.7 years|
|14 kW||$2.44||$23,896||$38,879||9.5 years|
|16 kW||$2.39||$26,741||$45,003||9.3 years|
|18 kW||$2.34||$29,444||$51,268||9.1 years|
|20 kW||$2.29||$32,004||$57,676||8.9 years|
How to Save on Solar Panels
The solar panel company you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Solar Panel Brands: The type of solar panel you need plays a part in which installer you should go with, since different companies have access to different panels.
- Reputation: Companies that have been in business for many years likely have a solid 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.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
EcoWatch's Kannapolis, 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.