Solar Panel Cost Guide in Knightdale, NC (Dec 2022)

  • Knightdale Solar Installation Cost: $12,428
  • 25-Year Savings: $20,052
  • Payback Period: 9.6 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Knightdale

Let's have a look at the average cost of solar in Knightdale.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Knightdale, the typical cost of a solar system is $3 per watt. Since a 7.0-kW system is needed to cover the energy needs of a typical home in Knightdale, the average price of going solar will be about $12,428 before claiming the federal solar tax credit of 30%.

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 a few factors, such as what size system you need, your energy usage and what solar installer you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on power bills.

To get a free quote from a pre-vetted solar installer in Knightdale, you can click the button below.

Solar savings over time in Knightdale

Year Return on Investment
1 years $-11,129
3 years $-8,531
5 years $-5,932
7 years $-3,334
9 years $-736
11 years $1,863
13 years $4,461
15 years $7,060
17 years $9,658
19 years $12,256
21 years $14,855
23 years $17,453
25 years $20,052

Top Solar Installers in Knightdale

Many homeowners opt for a solar panel company since installing solar panels yourself can be time-consuming. The expertise that solar installers provide can be valuable as well, particularly if you don't quite know what type of solar equipment would be right for your home.

If you'd like to go solar but still aren't sure which solar system installer to go with, here are our recommendations for providers near you:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

See all of the solar companies in Knightdale

Factors that Affect Solar Panel Costs in Knightdale

For many Knightdale homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Knightdale, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the cost of a solar panel system in Knightdale, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past power bills. Your total cost can increase by about $2,540 for each additional kilowatt you need. The brand of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Knightdale, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your all-in costs, so it's important to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.

Solar Panel Installation Company

The last significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Knightdale, you'll have many options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Knightdale are more knowledgeable 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 help you save 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 $2.64 $11,095 $16,771 10.0 years
8 kW $2.59 $14,508 $22,645 9.8 years
10 kW $2.54 $17,780 $28,662 9.6 years
12 kW $2.49 $20,909 $34,821 9.4 years
14 kW $2.44 $23,896 $41,123 9.2 years
16 kW $2.39 $26,741 $47,566 9.0 years
18 kW $2.34 $29,444 $54,152 8.8 years
20 kW $2.29 $32,004 $60,880 8.6 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:

  • Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
  • Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
  • Contract: Look through the contract terms carefully to make sure you understand the total cost, completion timeline incentives and warranties.
  • Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

EcoWatch's Knightdale, NC Solar Cost FAQs

How much does it cost to install solar panels in Knightdale?

This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly 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 additional solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

Are solar panels free in Knightdale?

Solar panels aren't free in Knightdale, 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 further reduce the cost.

Is making the switch to solar worth it?

Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.

How many solar panels should I get to power my home?

To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.

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