Solar Panel Cost Guide in Marion, NC (2025 Update)
- Marion Solar Installation Cost: $17,000
- 25-Year Savings: $20,093
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Marion
Find out what the average cost of installing solar panels is in Marion.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Marion, the typical cost of solar panels is 4 per watt.Since a 6.9-kW system is needed to cover the energy usage of a typical home in Marion, the average price of going solar will be about $17,000 after claiming the federal solar tax credit of 0.
These figures are just averages, and how much solar costs for you will look different based on the amount of energy your home requires and what company you choose to go with.But, after you've paid the upfront cost of installation, the ROI for most homeowners is typically rewarding, with a net average savings of about $18,000 over 20 years on utility bills.
Click the button below to get connected to a vetted solar company in Marion for a personalized estimate.
Solar savings over time in Marion
| Year | Return on Investment |
|---|---|
| 1 years | $-15,529 |
| 3 years | $-12,587 |
| 5 years | $-9,645 |
| 7 years | $-6,703 |
| 9 years | $-3,761 |
| 11 years | $-818 |
| 13 years | $2,124 |
| 15 years | $5,066 |
| 17 years | $8,008 |
| 19 years | $10,950 |
| 21 years | $13,892 |
| 23 years | $16,835 |
| 25 years | $19,777 |
Top Solar Installers in Marion
Although you can install solar panels on your own, it involves extra effort and knowledge. Because of that, most homeowners choose to go with a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you hire a solar company too, which can save you more money after your upfront investment.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Marion
Factors that Affect Solar Panel Costs in Marion
Although the average cost of a solar system in Marion is $17,000, your final cost may differ. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Marion, 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 determine by looking at past energy bills. Your overall cost can increase by around $3,510 for each additional kilowatt you need.The brand of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than 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 looking into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Marion, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.Although solar loans make adopting solar energy more accessible for Marion homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Marion is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services at different costs.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $12,759 | 13.6 years |
| 8 kW | $3.58 | $20,049 | $17,406 | 13.4 years |
| 10 kW | $3.51 | $24,570 | $22,249 | 13.1 years |
| 12 kW | $3.44 | $28,894 | $27,288 | 12.9 years |
| 14 kW | $3.37 | $33,022 | $32,524 | 12.6 years |
| 16 kW | $3.30 | $36,953 | $37,956 | 12.3 years |
| 18 kW | $3.23 | $40,688 | $43,585 | 12.1 years |
| 20 kW | $3.16 | $44,226 | $49,411 | 11.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: If you’re worried about the endurance of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Make sure your solar system installer has a good reputation by confirming 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.
EcoWatch's Marion, NC Solar Cost FAQs
What is the average cost of installing solar panels in Marion?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $17,550 for a 5-kW system and $35,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.