Solar Panel Cost Guide in Moyock, NC (2024 Update)
- Moyock Solar Installation Cost: $16,063
- 25-Year Savings: $23,652
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Moyock
Here’s how much it might cost to go solar in Moyock.
While the national average of solar panels is $2.66 per watt, solar panels in Moyock generally cost around 4.To cover the typical energy needs of the average home in Moyock, most homeowners require a 6.5-kilowatt system. Using the figure above, a solar installation costs around $16,063, or $22,970 before the federal solar tax credit of 0 is applied.
How much you pay can go above or below the average in Moyock depending on a variety of factors, such as the type of solar panels you choose and the solar company you hire.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $21,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar installer in Moyock that can help you get a more accurate cost estimate for your home.
Solar savings over time in Moyock
| Year | Return on Investment |
|---|---|
| 1 years | $-14,584 |
| 3 years | $-11,627 |
| 5 years | $-8,670 |
| 7 years | $-5,712 |
| 9 years | $-2,755 |
| 11 years | $202 |
| 13 years | $3,159 |
| 15 years | $6,116 |
| 17 years | $9,073 |
| 19 years | $12,031 |
| 21 years | $14,988 |
| 23 years | $17,945 |
| 25 years | $20,902 |
Top Solar Installers in Moyock
Although it's possible to install solar panels by yourself, it requires extra labor and expertise. Because of that, almost all homeowners choose to go with a solar panel installer. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can work with a local solar installer to get a free estimate 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
See all of the solar companies in Moyock
Factors that Affect Solar Panel Costs in Moyock
There are a number of factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panel systems 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 with better efficiency or power generation 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 $3,510.There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Moyock have solar loans, which reduce your upfront costs of installing solar.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar panel installation company you select will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $17,043 | 11.8 years |
| 8 kW | $3.58 | $20,049 | $23,117 | 11.6 years |
| 10 kW | $3.51 | $24,570 | $29,388 | 11.4 years |
| 12 kW | $3.44 | $28,894 | $35,855 | 11.2 years |
| 14 kW | $3.37 | $33,022 | $42,519 | 10.9 years |
| 16 kW | $3.30 | $36,953 | $49,380 | 10.7 years |
| 18 kW | $3.23 | $40,688 | $56,437 | 10.5 years |
| 20 kW | $3.16 | $44,226 | $63,690 | 10.2 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The kind of solar panel you’d like to get plays a role in which installer you should choose, since different companies provide different panels.
- Reputation: Companies that have been in business for many years likely have a good 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.
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the project timeline.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Moyock, NC Solar Cost FAQs
What is the average cost of installing solar panels in Moyock?
The average cost of solar panels in Moyock 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Moyock?
You can’t get solar panels for free in Moyock. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want 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 where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,079.16 per year.
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 how much 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 install 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.
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.