Solar Panel Cost Guide in Kings Mountain, NC (2023 Update)
- Kings Mountain Solar Installation Cost: $12,108
- 25-Year Savings: $19,288
- Payback Period: 9.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Kings Mountain
Find out how much it might cost to install solar panels in Kings Mountain.
In Kings Mountain, solar panels cost about 2.54 per watt on average. To cover the typical energy needs of the average home in Kings Mountain, most homeowners require a 6.8-kilowatt system. Using the figure above, a solar installation costs about $12,108, or $17,314 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what installation company you go with. With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Kings Mountain find going solar can pay off big.
To receive a free estimate from a vetted solar installer in Kings Mountain, you can click the button below.
Solar savings over time in Kings Mountain
| Year | Return on Investment |
|---|---|
| 1 years | $-10,852 |
| 3 years | $-8,341 |
| 5 years | $-5,829 |
| 7 years | $-3,317 |
| 9 years | $-806 |
| 11 years | $1,706 |
| 13 years | $4,218 |
| 15 years | $6,729 |
| 17 years | $9,241 |
| 19 years | $11,753 |
| 21 years | $14,264 |
| 23 years | $16,776 |
| 25 years | $19,288 |
Top Solar Installers in Kings Mountain
Installing solar panels by yourself can be a stressful project, which is why using a solar installation company is a good option for many homeowners. Companies can also offer access to a large variety of the best solar panels and help you pick which one will be best for you.
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 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
The cost of installing a solar system in Kings Mountain can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable route because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Kings Mountain is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for instance, you'll have no shortage of solar installers that provide a range of services at different price points. Companies that 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 cost more. It's best to do some research and choose a company that offers the products, warranties and services you want 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 | $2.64 | $11,095 | $16,574 | 10.0 years |
| 8 kW | $2.59 | $14,508 | $22,384 | 9.8 years |
| 10 kW | $2.54 | $17,780 | $28,335 | 9.6 years |
| 12 kW | $2.49 | $20,909 | $34,429 | 9.4 years |
| 14 kW | $2.44 | $23,896 | $40,665 | 9.3 years |
| 16 kW | $2.39 | $26,741 | $47,043 | 9.1 years |
| 18 kW | $2.34 | $29,444 | $53,563 | 8.9 years |
| 20 kW | $2.29 | $32,004 | $60,226 | 8.7 years |
How to Save on Solar Panels
There are many companies to choose from in Kings Mountain, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Reputation: Make sure your solar company 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 the EcoWatch team.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
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
What is the average cost of installing solar panels in Kings Mountain?
The average cost of solar panels in Kings Mountain is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Kings Mountain?
A solar panel system isn't free in Kings Mountain, 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.
Do solar panels increase the value of your home?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.