Solar Panel Cost Guide in Mooresville, NC (2024 Update)
- Mooresville Solar Installation Cost: $16,954
- 25-Year Savings: $18,398
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Mooresville
We go over average solar pricing in Mooresville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mooresville, the typical cost of solar panels is 4 per watt.Because a 6.9-kW system is needed to cover the energy costs of a typical home in Mooresville, the average price of going solar will be about $16,954 after claiming the federal solar tax credit of 0.
How much you pay can go higher or lower than the average in Mooresville based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire.But, after you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $17,000 over 20 years on energy bills.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Mooresville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,632 |
| 3 years | $-12,988 |
| 5 years | $-10,344 |
| 7 years | $-7,700 |
| 9 years | $-5,055 |
| 11 years | $-2,411 |
| 13 years | $233 |
| 15 years | $2,877 |
| 17 years | $5,522 |
| 19 years | $8,166 |
| 21 years | $10,810 |
| 23 years | $13,454 |
| 25 years | $16,099 |
Top Solar Installers in Mooresville
Installing solar panels yourself can be a time-consuming task, which is why using a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Mooresville
Factors that Affect Solar Panel Costs in Mooresville
Though the average cost of a solar system in Mooresville is $16,954, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to consider.
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 uses, the larger your system will likely need to be. You can expect to spend about $3,510 per kilowatt in Mooresville.There are several different solar panel brands and the one you pick also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, 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
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Mooresville, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.Even though solar loans make switching to solar energy more accessible for Mooresville homeowners, they can also increase 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 avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Mooresville is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services for different budgets.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $11,334 | 14.4 years |
| 8 kW | $3.58 | $20,049 | $15,505 | 14.1 years |
| 10 kW | $3.51 | $24,570 | $19,872 | 13.8 years |
| 12 kW | $3.44 | $28,894 | $24,436 | 13.5 years |
| 14 kW | $3.37 | $33,022 | $29,197 | 13.3 years |
| 16 kW | $3.30 | $36,953 | $34,154 | 13.0 years |
| 18 kW | $3.23 | $40,688 | $39,308 | 12.7 years |
| 20 kW | $3.16 | $44,226 | $44,659 | 12.4 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
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 Mooresville, NC Solar Cost FAQs
How much does it cost to install solar panels in Mooresville?
This is a tough question to answer precisely, 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. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Mooresville?
You can’t get solar panels for free in Mooresville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $888.85 per year.
How long do solar panels last in Mooresville?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.