Solar Panel Cost Guide in Mocksville, NC (2024 Update)
- Mocksville Solar Installation Cost: $17,007
- 25-Year Savings: $21,519
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Mocksville
Find out what the average cost of installing solar panels is in Mocksville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mocksville, the typical cost of solar panels is 4 per watt.Using this figure, a typical 6.9-kW system would cost about $17,007 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $19,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar installer in Mocksville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mocksville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,685 |
| 3 years | $-13,041 |
| 5 years | $-10,397 |
| 7 years | $-7,752 |
| 9 years | $-5,108 |
| 11 years | $-2,464 |
| 13 years | $180 |
| 15 years | $2,825 |
| 17 years | $5,469 |
| 19 years | $8,113 |
| 21 years | $10,757 |
| 23 years | $13,402 |
| 25 years | $16,046 |
Top Solar Installers in Mocksville
Although you can install solar panels by yourself, it takes extra effort and know-how. Because of that, the majority of homeowners choose to hire a solar panel installer. Another benefit of using a solar installer is that they can help you make the most of your investment by bringing down your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
If you’d like to make the switch to solar but still aren’t sure which solar panel installer to go with, here are our suggestions for providers in Mocksville:
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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Mocksville
Factors that Affect Solar Panel Costs in Mocksville
While the average cost of a solar system in Mocksville is $17,007, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,510 per kilowatt in Mocksville.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Mocksville to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to paying more over time due to interest.However, the interest on solar loans also increases your all-in costs, so it’s crucial to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Mocksville is the company you choose to install your PV system. As with choosing a company to install new cabinets, for example, you’ll have many options for solar installers that provide a range of services at different costs.Additionally, some companies in Mocksville know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,989 | 13.1 years |
| 8 kW | $3.58 | $20,049 | $19,046 | 12.8 years |
| 10 kW | $3.51 | $24,570 | $24,298 | 12.6 years |
| 12 kW | $3.44 | $28,894 | $29,748 | 12.3 years |
| 14 kW | $3.37 | $33,022 | $35,394 | 12.1 years |
| 16 kW | $3.30 | $36,953 | $41,236 | 11.8 years |
| 18 kW | $3.23 | $40,688 | $47,275 | 11.6 years |
| 20 kW | $3.16 | $44,226 | $53,511 | 11.3 years |
How to Save on Solar Panels
There are many companies available in Mocksville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: The kind of solar panel you need to install plays a part in which installer you should go with, since different companies offer different panels.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Reputation: Your solar installer should have a good reputation as a company and have proven 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 good reviews from past customers.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Mocksville, NC Solar Cost FAQs
How much does it cost to install solar panels in Mocksville?
The average cost of solar panels in Mocksville 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Mocksville?
A solar panel system isn’t free in Mocksville, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels eliminate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Mocksville, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 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.