Solar Panel Cost Guide in Mount Holly, NC (2025 Update)
- Mount Holly Solar Installation Cost: $16,736
- 25-Year Savings: $19,049
- Payback Period: 13.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Mount Holly
Let’s have a look at the average cost of solar in Mount Holly.
The average cost of solar panels in Mount Holly is 4 per watt.Using this figure, a typical 6.8-kW system would cost about $16,736 before the 0 federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will most likely vary based on your energy needs and what company you choose to go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Mount Holly can save about $17,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Mount Holly that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mount Holly
| Year | Return on Investment |
|---|---|
| 1 years | $-15,414 |
| 3 years | $-12,770 |
| 5 years | $-10,125 |
| 7 years | $-7,481 |
| 9 years | $-4,837 |
| 11 years | $-2,193 |
| 13 years | $452 |
| 15 years | $3,096 |
| 17 years | $5,740 |
| 19 years | $8,384 |
| 21 years | $11,029 |
| 23 years | $13,673 |
| 25 years | $16,317 |
Top Solar Installers in Mount Holly
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Taking advantage of a solar company can make converting to solar power much easier. Some solar installers, particularly local ones, can help you take advantage of incentives in Mount Holly, therefore optimizing your ROI.
If you’d like to go solar but still aren’t sure which solar installer to go with, here are our recommendations for providers nearby:
See all of the solar companies in Mount Holly
Factors that Affect Solar Panel Costs in Mount Holly
For many Mount Holly homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Mount Holly, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Mount Holly average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.Though solar loans make going solar more accessible for Mount Holly homeowners, they can also add to 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
Finally, the company you choose to install your solar panels can influence your pricing. Mount Holly’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $12,115 | 14.0 years |
| 8 kW | $3.58 | $20,049 | $16,547 | 13.7 years |
| 10 kW | $3.51 | $24,570 | $21,175 | 13.4 years |
| 12 kW | $3.44 | $28,894 | $26,000 | 13.2 years |
| 14 kW | $3.37 | $33,022 | $31,021 | 12.9 years |
| 16 kW | $3.30 | $36,953 | $36,239 | 12.6 years |
| 18 kW | $3.23 | $40,688 | $41,654 | 12.4 years |
| 20 kW | $3.16 | $44,226 | $47,265 | 12.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, 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:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project timeline.
EcoWatch's Mount Holly, NC Solar Cost FAQs
What is the average cost of installing solar panels in Mount Holly?
The average cost of solar panels in Mount Holly 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 like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How much can I save on power bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Mount Holly, 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.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 buy 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.