Solar Panel Cost Guide in Northchase, NC (2025 Update)
- Northchase Solar Installation Cost: $15,655
- 25-Year Savings: $18,616
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Northchase
Find out what the average cost of solar panels are in Northchase.
The national average cost of solar panels is $2.66 per watt, but in Northchase it’s 4 per watt.Since a 6.4-kW system is needed to cover the energy costs of a typical home in Northchase, the average price of going solar will be about $15,655 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Northchase homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Northchase see about $18,000 in savings on utility bills over 20 years.
To receive a free quote from a pre-vetted solar installer in Northchase, you can click the button below.
Solar savings over time in Northchase
| Year | Return on Investment |
|---|---|
| 1 years | $-14,184 |
| 3 years | $-11,242 |
| 5 years | $-8,300 |
| 7 years | $-5,358 |
| 9 years | $-2,416 |
| 11 years | $527 |
| 13 years | $3,469 |
| 15 years | $6,411 |
| 17 years | $9,353 |
| 19 years | $12,295 |
| 21 years | $15,238 |
| 23 years | $18,180 |
| 25 years | $21,122 |
Top Solar Installers in Northchase
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. Another great thing about going with a reliable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Northchase
Factors that Affect Solar Panel Costs in Northchase
The cost of installing a solar system in Northchase can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,510. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Northchase, where sunlight is 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 Northchase to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.It’s wise to factor 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Northchase is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that provide a range of services for different budgets.The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger 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 | $12,866 | 13.6 years |
| 8 kW | $3.58 | $20,049 | $17,547 | 13.3 years |
| 10 kW | $3.51 | $24,570 | $22,425 | 13.1 years |
| 12 kW | $3.44 | $28,894 | $27,500 | 12.8 years |
| 14 kW | $3.37 | $33,022 | $32,772 | 12.5 years |
| 16 kW | $3.30 | $36,953 | $38,239 | 12.3 years |
| 18 kW | $3.23 | $40,688 | $43,904 | 12.0 years |
| 20 kW | $3.16 | $44,226 | $49,765 | 11.8 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
EcoWatch's Northchase, NC Solar Cost FAQs
How much does it cost to install solar panels in Northchase?
This is a tough question to answer precisely, because the cost depends on many factors. Generally 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 extra solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Northchase?
A solar panel system isn’t free in Northchase, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.