Solar Panel Cost Guide in Kings Grant, NC (2023 Update)
- Kings Grant Solar Installation Cost: $11,329
- 25-Year Savings: $18,616
- Payback Period: 9.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Kings Grant
Let's have a look at the average cost of solar in Kings Grant.
In Kings Grant, solar panels cost about 2.54 per watt on average. To cover the typical energy needs of the average home in Kings Grant, most homeowners require a 6.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,326, or $16,196 before the federal solar tax credit of 30% is applied.
These figures are just estimates, and your own solar costs will most likely vary based on your energy needs and what company you go with. Even with the significant initial cost, the average Kings Grant homeowner can save around $18,000 on their electricity bills over 20 years, which is one of the perks of solar.
To receive a free quote from a highly rated solar company in Kings Grant, you can click the button below.
Solar savings over time in Kings Grant
| Year | Return on Investment |
|---|---|
| 1 years | $-9,858 |
| 3 years | $-6,916 |
| 5 years | $-3,974 |
| 7 years | $-1,031 |
| 9 years | $1,911 |
| 11 years | $4,853 |
| 13 years | $7,795 |
| 15 years | $10,737 |
| 17 years | $13,680 |
| 19 years | $16,622 |
| 21 years | $19,564 |
| 23 years | $22,506 |
| 25 years | $25,448 |
Top Solar Installers in Kings Grant
Many homeowners choose to use a solar panel installer since installing solar panels on your own can be hard. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Kings Grant
Factors that Affect Solar Panel Costs in Kings Grant
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Kings Grant: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $2,540 per kilowatt in Kings Grant. There are many different solar panel brands and the one you choose also changes the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, 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 companies in Kings Grant have solar loans, which reduce your upfront costs of installing a solar system. Though solar loans make going solar more accessible for Kings Grant homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Kings Grant is the company you hire to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that offers 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 | $17,103 | 9.8 years |
| 8 kW | $2.59 | $14,508 | $23,088 | 9.6 years |
| 10 kW | $2.54 | $17,780 | $29,215 | 9.5 years |
| 12 kW | $2.49 | $20,909 | $35,485 | 9.3 years |
| 14 kW | $2.44 | $23,896 | $41,897 | 9.1 years |
| 16 kW | $2.39 | $26,741 | $48,452 | 8.9 years |
| 18 kW | $2.34 | $29,444 | $55,148 | 8.7 years |
| 20 kW | $2.29 | $32,004 | $61,987 | 8.5 years |
How to Save on Solar Panels
The solar panel company you go with 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, including:
- Warranty: If you care about the durability of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Different companies will have different brands and models of panels. If you want a specific brand, make sure the solar installer you're considering has it.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
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 Kings Grant, NC Solar Cost FAQs
How much does it cost to install solar panels in Kings Grant?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $12,700 for a 5-kW system and $25,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Kings Grant?
You can't get solar panels for free in Kings Grant. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Kings Grant is currently $245,758, which means you could be looking at a value of about $10,076 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Kings Grant is a worthwhile investment.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.