Solar Panel Cost Guide in Mocksville, NC (2023 Update)
- Mocksville Solar Installation Cost: $12,304
- 25-Year Savings: $21,523
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mocksville
Here's how much it might cost to switch to solar power in Mocksville.
In Mocksville, solar panels cost about 2.54 per watt on average. The average Mocksville homeowner needs a 6.9-kilowatt system, which would cost about $12,304 with the federal tax credit, or $17,595 before the 30% tax credit is applied.
The true cost of your system can be higher or lower than the average in Mocksville based on several factors, such as the brand of solar panels you choose and the solar installer you hire. With typical savings of about $19,000 on electricity bills over 20 years, many homeowners in Mocksville find going solar can be quite rewarding.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Mocksville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,951 |
| 3 years | $-8,245 |
| 5 years | $-5,538 |
| 7 years | $-2,832 |
| 9 years | $-126 |
| 11 years | $2,580 |
| 13 years | $5,286 |
| 15 years | $7,992 |
| 17 years | $10,698 |
| 19 years | $13,404 |
| 21 years | $16,110 |
| 23 years | $18,817 |
| 25 years | $21,523 |
Top Solar Installers in Mocksville
Although you can install solar panels by yourself, it requires extra effort and expertise. Because of that, the majority of homeowners choose a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be right for your family.
If you'd like to go solar but still aren't sure which solar company to go with, here are our suggestions for providers near you:
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 Mocksville
Factors that Affect Solar Panel Costs in Mocksville
Even though the average cost of a solar system in Mocksville is $12,304, your final cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,540. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also cost more. Plus, the type of equipment you're looking to install 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
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Mocksville homeowners decide to finance their solar panel systems to offset upfront costs. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $2.64 | $11,095 | $18,226 | 9.5 years |
| 8 kW | $2.59 | $14,508 | $24,586 | 9.3 years |
| 10 kW | $2.54 | $17,780 | $31,088 | 9.1 years |
| 12 kW | $2.49 | $20,909 | $37,733 | 8.9 years |
| 14 kW | $2.44 | $23,896 | $44,519 | 8.7 years |
| 16 kW | $2.39 | $26,741 | $51,448 | 8.6 years |
| 18 kW | $2.34 | $29,444 | $58,519 | 8.4 years |
| 20 kW | $2.29 | $32,004 | $65,733 | 8.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Before signing a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: If you're concerned about the endurance of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 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 $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Mocksville?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside 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 way to go if you want to maximize your savings.
Can solar panels eliminate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Mocksville, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.