Solar Panel Cost Guide in Morrisville, NC (2023 Update)
- Morrisville Solar Installation Cost: $12,436
- 25-Year Savings: $18,816
- Payback Period: 9.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Morrisville
We break down average solar pricing in Morrisville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Morrisville, the average cost of a solar system is 2.54 per watt. Because a 7.0-kW system is needed to cover the energy consumption of a typical home in Morrisville, the average price of going solar will be about $12,428 after claiming the federal solar tax credit of 30%.
How much you pay can go higher or lower than the average in Morrisville based on a variety of factors, such as the brand of solar panels you choose and the solar company you hire. For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $17,000 in savings on utility bills over 20 years.
To get a free estimate from a pre-vetted solar installer in Morrisville, you can click the button below.
Solar savings over time in Morrisville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,332 |
| 3 years | $-12,124 |
| 5 years | $-11,916 |
| 7 years | $-11,707 |
| 9 years | $-11,499 |
| 11 years | $-11,291 |
| 13 years | $-11,082 |
| 15 years | $-10,874 |
| 17 years | $-10,666 |
| 19 years | $-10,457 |
| 21 years | $-10,249 |
| 23 years | $-10,041 |
| 25 years | $-9,832 |
Top Solar Installers in Morrisville
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Going with a solar company can make switching to solar power much easier. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some 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 Morrisville
Factors that Affect Solar Panel Costs in Morrisville
The cost of installing a solar system in Morrisville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need 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. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Morrisville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Morrisville to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. Even though solar loans make switching to solar energy more accessible for Morrisville homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can play a role in determining the cost. Morrisville's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that has the products, warranties and services you're looking for and also is within 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 | $2.64 | $11,095 | $15,713 | 10.3 years |
| 8 kW | $2.59 | $14,508 | $21,235 | 10.1 years |
| 10 kW | $2.54 | $17,780 | $26,900 | 9.9 years |
| 12 kW | $2.49 | $20,909 | $32,706 | 9.7 years |
| 14 kW | $2.44 | $23,896 | $38,655 | 9.6 years |
| 16 kW | $2.39 | $26,741 | $44,746 | 9.4 years |
| 18 kW | $2.34 | $29,444 | $50,980 | 9.2 years |
| 20 kW | $2.29 | $32,004 | $57,355 | 9.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Installation Process: When going solar, it's essential to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before deciding.
- 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 EcoWatch.
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 Morrisville, NC Solar Cost FAQs
How much does it cost to install solar panels in Morrisville?
The average cost of solar panels in Morrisville 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 stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Morrisville?
A solar panel system isn't free in Morrisville, 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 can further reduce the cost.
Does Morrisville have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.