Solar Panel Cost Guide in Kill Devil Hills, NC (2024 Update)
- Kill Devil Hills Solar Installation Cost: $15,563
- 25-Year Savings: $21,628
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Kill Devil Hills
We break down average solar pricing in Kill Devil Hills.
The national average cost of solar panels is $2.66 per watt, but in Kill Devil Hills it’s 4 per watt.The average Kill Devil Hills homeowner needs a 6.3-kilowatt system, which would cost about $15,563 with the federal tax credit, or $22,255 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Kill Devil Hills homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find going solar is a rewarding investment. The average homeowner in Kill Devil Hills can save about $20,000 on their power bills over 20 years.
To receive a free estimate from a highly rated solar company in Kill Devil Hills, you can click the button below.
Solar savings over time in Kill Devil Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-14,085 |
| 3 years | $-11,128 |
| 5 years | $-8,170 |
| 7 years | $-5,213 |
| 9 years | $-2,256 |
| 11 years | $701 |
| 13 years | $3,658 |
| 15 years | $6,615 |
| 17 years | $9,573 |
| 19 years | $12,530 |
| 21 years | $15,487 |
| 23 years | $18,444 |
| 25 years | $21,401 |
Top Solar Installers in Kill Devil Hills
When switching to solar energy, many homeowners opt to hire a solar company since installing a solar system yourself can be a difficult project. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Kill Devil Hills
Factors that Affect Solar Panel Costs in Kill Devil Hills
The cost of installing a solar system in Kill Devil Hills can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,510.The kind 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 in the long run on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Kill Devil Hills average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Kill Devil Hills homeowners choose to finance their solar panel systems to make going solar more affordable.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you select will impact your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.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 fit into 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 | $3.65 | $15,332 | $15,823 | 12.3 years |
| 8 kW | $3.58 | $20,049 | $21,490 | 12.1 years |
| 10 kW | $3.51 | $24,570 | $27,354 | 11.8 years |
| 12 kW | $3.44 | $28,894 | $33,415 | 11.6 years |
| 14 kW | $3.37 | $33,022 | $39,672 | 11.4 years |
| 16 kW | $3.30 | $36,953 | $46,126 | 11.1 years |
| 18 kW | $3.23 | $40,688 | $52,776 | 10.9 years |
| 20 kW | $3.16 | $44,226 | $59,623 | 10.6 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Kill Devil Hills, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- 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 considerable role in the company you go with.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Kill Devil Hills, NC Solar Cost FAQs
How much does it cost to install solar panels in Kill Devil Hills?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $17,550 for a 5-kW system and $35,100 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Kill Devil Hills?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,038.49 per year.
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 buy 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.