Solar Panel Cost Guide in Midland, NC (2024 Update)
- Midland Solar Installation Cost: $16,810
- 25-Year Savings: $19,408
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Midland
Find out how much it might cost to make the switch to solar in Midland.
The national average cost of solar panels is $2.66 per watt, but in Midland it’s 4 per watt.Because a 6.8-kW system is needed to cover the energy needs of a typical home in Midland, the average price of going solar will be about $16,810 after claiming the federal solar tax credit of 0.
These figures are only averages, and your own solar costs will differ based on your specific situation and what company you want to go with.With typical savings of about $18,000 on energy bills over 20 years, many homeowners in Midland find investing in solar can pay off big.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Midland
| Year | Return on Investment |
|---|---|
| 1 years | $-15,488 |
| 3 years | $-12,844 |
| 5 years | $-10,199 |
| 7 years | $-7,555 |
| 9 years | $-4,911 |
| 11 years | $-2,267 |
| 13 years | $378 |
| 15 years | $3,022 |
| 17 years | $5,666 |
| 19 years | $8,310 |
| 21 years | $10,955 |
| 23 years | $13,599 |
| 25 years | $16,243 |
Top Solar Installers in Midland
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make your switch to solar power much easier. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you're on the hunt for a solar installer in Midland, the EcoWatch team has 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
See all of the solar companies in Midland
Factors that Affect Solar Panel Costs in Midland
For many Midland homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Midland, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $3,510 per kilowatt in Midland.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Midland, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over five to seven years on average.While solar loans make going solar more accessible for Midland homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Midland, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.The company’s size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $12,357 | 13.8 years |
| 8 kW | $3.58 | $20,049 | $16,869 | 13.6 years |
| 10 kW | $3.51 | $24,570 | $21,578 | 13.3 years |
| 12 kW | $3.44 | $28,894 | $26,483 | 13.0 years |
| 14 kW | $3.37 | $33,022 | $31,585 | 12.8 years |
| 16 kW | $3.30 | $36,953 | $36,883 | 12.5 years |
| 18 kW | $3.23 | $40,688 | $42,378 | 12.2 years |
| 20 kW | $3.16 | $44,226 | $48,069 | 12.0 years |
How to Save on Solar Panels
There are numerous companies available in Midland, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Midland, NC Solar Cost FAQs
How much does it cost to install solar panels in Midland?
This is a tough question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is it worth going solar in Midland?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can 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.
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.