Solar Panel Cost Guide in King, NC (2024 Update)
- King Solar Installation Cost: $17,171
- 25-Year Savings: $21,636
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in King
Find out what the average cost of a solar system is in King.
The average cost of a solar system in King is 4 per watt.To cover the typical energy usage of the average home in King, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs about $17,171, or $24,555 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and your own solar costs may look different based on factors unique to your home and what company you go with.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in King see about $19,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in your area for a personalized quote.
Solar savings over time in King
| Year | Return on Investment |
|---|---|
| 1 years | $-15,849 |
| 3 years | $-13,205 |
| 5 years | $-10,561 |
| 7 years | $-7,916 |
| 9 years | $-5,272 |
| 11 years | $-2,628 |
| 13 years | $16 |
| 15 years | $2,661 |
| 17 years | $5,305 |
| 19 years | $7,949 |
| 21 years | $10,593 |
| 23 years | $13,238 |
| 25 years | $15,882 |
Top Solar Installers in King
When switching to solar energy, many homeowners decide to use a solar company since overseeing your solar installation yourself can be a challenging project. Plus, if you’re not certain what kind of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
If you’d like to start using solar energy but still aren’t sure which solar company to go with, here are our recommendations for providers near you:
Best National Provider
SunPower
- 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
- 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
See all of the solar companies in King
Factors that Affect Solar Panel Costs in King
Although the average cost of a solar system in King is $17,171, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are a lot of different solar panel brands and the one you pick also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in King offer solar loans, which reduce the initial cost of installing a solar system.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can impact the cost. King’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in King know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,911 | 13.1 years |
| 8 kW | $3.58 | $20,049 | $18,941 | 12.9 years |
| 10 kW | $3.51 | $24,570 | $24,168 | 12.6 years |
| 12 kW | $3.44 | $28,894 | $29,591 | 12.4 years |
| 14 kW | $3.37 | $33,022 | $35,211 | 12.1 years |
| 16 kW | $3.30 | $36,953 | $41,028 | 11.8 years |
| 18 kW | $3.23 | $40,688 | $47,041 | 11.6 years |
| 20 kW | $3.16 | $44,226 | $53,250 | 11.3 years |
How to Save on Solar Panels
There are many companies available in King, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Installation Process: When making the switch to solar energy, it’s necessary to maintain an open line of communication with your solar installer. See to it that you understand how the installation process will go and the completion timeline.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
Best National Provider
SunPower
- 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
- 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
EcoWatch's King, NC Solar Cost FAQs
What is the average cost of installing solar panels in King?
The average cost of solar panels in King is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in King?
A solar panel system isn’t free in King, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will solar panels impact the value of my home?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a 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 get 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.