Solar Panel Cost Guide in Kings Mountain, NC (2024 Update)
- Kings Mountain Solar Installation Cost: $16,727
- 25-Year Savings: $19,291
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Kings Mountain
We go over average solar pricing in Kings Mountain.
The national average cost of solar panels is $2.66 per watt, but in Kings Mountain it’s 4 per watt.Because a 6.8-kW system is needed to cover the energy consumption of a typical home in Kings Mountain, the average price of going solar will be about $16,727 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of equipment you want to get, your solar contractor and more.But, once you've paid the initial cost of installation, the payback for most homeowners is usually good, with a net average savings of about $18,000 over 20 years on electricity bills.
To get a free estimate from a pre-vetted solar installation company in Kings Mountain, you can click the button below.
Solar savings over time in Kings Mountain
| Year | Return on Investment |
|---|---|
| 1 years | $-15,405 |
| 3 years | $-12,761 |
| 5 years | $-10,117 |
| 7 years | $-7,473 |
| 9 years | $-4,828 |
| 11 years | $-2,184 |
| 13 years | $460 |
| 15 years | $3,104 |
| 17 years | $5,749 |
| 19 years | $8,393 |
| 21 years | $11,037 |
| 23 years | $13,681 |
| 25 years | $16,326 |
Top Solar Installers in Kings Mountain
When going solar, many homeowners choose to hire a solar company since handling can be a time-consuming project. Companies can also have access to quality options of the best solar panels and help you choose which one will be right for your home.
If you're on the hunt for a solar company in Kings Mountain, we've put together a list of our top suggestions here:
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 Kings Mountain
Factors that Affect Solar Panel Costs in Kings Mountain
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Kings Mountain: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $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 choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, like solar batteries, can bump up your total well above the Kings Mountain average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.Even though solar loans make going solar more accessible for Kings Mountain homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you get to install your solar system can play a role in determining how much you pay. Kings Mountain’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $12,337 | 13.9 years |
| 8 kW | $3.58 | $20,049 | $16,843 | 13.6 years |
| 10 kW | $3.51 | $24,570 | $21,545 | 13.3 years |
| 12 kW | $3.44 | $28,894 | $26,444 | 13.1 years |
| 14 kW | $3.37 | $33,022 | $31,539 | 12.8 years |
| 16 kW | $3.30 | $36,953 | $36,831 | 12.5 years |
| 18 kW | $3.23 | $40,688 | $42,319 | 12.3 years |
| 20 kW | $3.16 | $44,226 | $48,004 | 12.0 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining 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 keep in mind, including:
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
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 Kings Mountain, NC Solar Cost FAQs
How much does it cost to install solar panels in Kings Mountain?
The average cost of solar panels in Kings Mountain 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 stuff 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 Kings Mountain?
Solar panels aren’t free in Kings Mountain, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Kings Mountain?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
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 are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to 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.