Solar Panel Cost Guide in Mint Hill, NC (2025 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.
The national average cost of solar panels is $2.66 per watt, but in Mint Hill it’s 4 per watt.Using this figure, a typical 6.8-kW system would cost about $16,712 before the 0 federal solar tax credit is applied.
How much you pay can go above or below the average in Mint Hill based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire.With typical savings of about $18,000 on electricity bills over 20 years, many homeowners in Mint Hill find installing solar panels can be quite rewarding.
To get a free estimate from a pre-vetted solar company in Mint Hill, you can 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
Although it's possible to install solar panels yourself, it involves extra labor and expertise. That's why the majority of homeowners choose a solar panel installer. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
See all of the solar companies in Mint Hill
Factors that Affect Solar Panel Costs in Mint Hill
Though the average cost of a solar system in Mint Hill is $16,712, your final cost may differ. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,510. There are many different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Mint Hill offer solar loans, which reduce the initial cost of installing solar.Although solar loans make going solar more accessible for Mint Hill homeowners, they can also raise 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.The company’s size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk 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 names.
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
Since the kind of solar panels and the installation company you choose significantly influences your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
EcoWatch's Mint Hill, NC Solar Cost FAQs
How much does it cost to install solar panels in Mint Hill?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Mint Hill?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mint Hill is currently $470,889, so you can expect a value of about $19,306 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Mint Hill is a worthwhile investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 get 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.