Solar Panel Cost Guide in Laurinburg, NC (Jan 2023)

  • Laurinburg Solar Installation Cost: $12,144
  • 25-Year Savings: $21,600
  • Payback Period: 9.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Laurinburg

Find out how much it might cost to install solar panels in Laurinburg.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Laurinburg, the average cost of a solar system is $3 per watt. Since a 6.8-kW system is needed to cover the energy usage of a typical home in Laurinburg, the average price of going solar will be about $12,144 before claiming the federal solar tax credit of 30%.

These figures are just averages, and your own solar costs may look different based on your energy needs and what company you choose to go with. With typical savings of about $19,000 on energy bills over 20 years, many homeowners in Laurinburg find installing solar panels can be quite rewarding.

To calculate your potential ROI and connect with a local solar company, click the button below.

Solar savings over time in Laurinburg

Year Return on Investment
1 years $-10,794
3 years $-8,094
5 years $-5,395
7 years $-2,695
9 years $4
11 years $2,704
13 years $5,403
15 years $8,103
17 years $10,802
19 years $13,502
21 years $16,201
23 years $18,901
25 years $21,600

Top Solar Installers in Laurinburg

Although it's possible to install solar panels by yourself, it involves extra time and handiness. That's one of the reasons most people choose to hire a solar panel installer. Plus, if you're unsure what type of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.

You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some 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 Laurinburg

Factors that Affect Solar Panel Costs in Laurinburg

While the average cost of a solar system in Laurinburg is $12,144, your final cost may differ. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.

Solar Equipment

When it comes to estimating the price of a solar energy system in Laurinburg, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by around $2,540 for each additional kilowatt you need. The 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 energy bills. In addition, extra products, like solar batteries, can bring your total well above the Laurinburg average.

Solar Financing Terms

Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Laurinburg homeowners choose to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.

Solar Panel Installation Company

The remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Laurinburg, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 $2.64 $11,095 $18,560 9.4 years
8 kW $2.59 $14,508 $25,032 9.2 years
10 kW $2.54 $17,780 $31,645 9.0 years
12 kW $2.49 $20,909 $38,401 8.8 years
14 kW $2.44 $23,896 $45,299 8.6 years
16 kW $2.39 $26,741 $52,339 8.5 years
18 kW $2.34 $29,444 $59,522 8.3 years
20 kW $2.29 $32,004 $66,847 8.1 years

How to Save on Solar Panels

There are numerous companies available in Laurinburg, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, 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 carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
  • Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
  • Installation Process: When making the switch to solar, it's important to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.

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 Laurinburg, NC Solar Cost FAQs

What is the average cost of installing solar panels in Laurinburg?

The average cost of solar panels in Laurinburg is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.

What other factors should I consider apart from cost when buying solar panels?

The initial cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

Does Laurinburg have a net metering program?

Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

How long do solar panels last in Laurinburg?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.

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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