Solar Panel Cost Guide in Murraysville, NC (Jan 2023)
- Murraysville Solar Installation Cost: $11,326
- 25-Year Savings: $18,619
- Payback Period: 9.5 Years
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Top Solar Installers in Murraysville
When making the switch to solar, many homeowners decide to hire a solar installer since putting up solar panels yourself can be a time-consuming project. Some solar companies, particularly local ones, can help you better understand incentives in Murraysville, optimizing your ROI.
If you'd like to make the switch to solar but still aren't certain which solar system company to go with, here are our suggestions for providers in Murraysville:
See all of the solar companies in Murraysville
Factors that Affect Solar Panel Costs in Murraysville
Though the average cost of a solar system in Murraysville is $11,326, your final cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can increase 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 better efficiency. In a city like Murraysville, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of 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
If paying for solar panels in cash is difficult, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can affect the cost. Murraysville's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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||$2.64||$11,095||$17,103||9.8 years|
|8 kW||$2.59||$14,508||$23,088||9.6 years|
|10 kW||$2.54||$17,780||$29,215||9.5 years|
|12 kW||$2.49||$20,909||$35,485||9.3 years|
|14 kW||$2.44||$23,896||$41,897||9.1 years|
|16 kW||$2.39||$26,741||$48,452||8.9 years|
|18 kW||$2.34||$29,444||$55,148||8.7 years|
|20 kW||$2.29||$32,004||$61,987||8.5 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. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Contract: Before signing a contract with a solar company, be sure to look it over carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
EcoWatch's Murraysville, NC Solar Cost FAQs
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.