Solar Panel Cost Guide in Mint Hill, NC (2024 Update)
- Mint Hill Solar Installation Cost: $16,712
- 25-Year Savings: $19,977
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Mint Hill
Let’s have a look at the average cost of solar in Mint Hill.
Although the national average of solar panels is $2.66 per watt, solar panels in Mint Hill typically cost around 4.Using this figure, a typical 6.8-kW system would cost about $16,712 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy consumption and what company you go with.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $18,000 over 20 years on power bills.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Mint Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-15,390 |
| 3 years | $-12,746 |
| 5 years | $-10,102 |
| 7 years | $-7,457 |
| 9 years | $-4,813 |
| 11 years | $-2,169 |
| 13 years | $475 |
| 15 years | $3,120 |
| 17 years | $5,764 |
| 19 years | $8,408 |
| 21 years | $11,052 |
| 23 years | $13,697 |
| 25 years | $16,341 |
Top Solar Installers in Mint Hill
Trying to put up solar panels yourself can be a stressful task, which is why using a solar installation company is a good option for many homeowners. Plus, if you aren’t sure what type of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- 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
- 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 Mint Hill
Factors that Affect Solar Panel Costs in Mint Hill
There are many criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of a solar energy system in Mint Hill, 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 consumption, which you can gauge by looking at past energy bills. Your total cost can increase by around $3,510 for each additional kilowatt you need.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Mint Hill homeowners decide to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the total 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 securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installation company you select will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that has the products, warranties and services you’re looking for 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 | $3.65 | $15,332 | $12,958 | 13.5 years |
| 8 kW | $3.58 | $20,049 | $17,671 | 13.3 years |
| 10 kW | $3.51 | $24,570 | $22,580 | 13.0 years |
| 12 kW | $3.44 | $28,894 | $27,686 | 12.8 years |
| 14 kW | $3.37 | $33,022 | $32,988 | 12.5 years |
| 16 kW | $3.30 | $36,953 | $38,487 | 12.2 years |
| 18 kW | $3.23 | $40,688 | $44,182 | 12.0 years |
| 20 kW | $3.16 | $44,226 | $50,074 | 11.7 years |
How to Save on Solar Panels
There are numerous companies available in Mint Hill, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Even though 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 the terms of the warranty.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
Best National Provider
SunPower
- 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
- 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 Mint Hill, NC Solar Cost FAQs
What is the average cost of installing solar panels in Mint Hill?
The average cost of solar panels in Mint Hill is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Mint Hill?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Do solar panels increase your property value?
Solar panels can increase your property’s value significantly 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% after installing solar panels."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 install between 20 and 35 panels to cover 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.