Solar Panel Cost Guide in Pembroke, NC (2023 Update)
- Pembroke Solar Installation Cost: $12,090
- 25-Year Savings: $19,761
- Payback Period: 9.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pembroke
See how much it might cost to make the switch to solar in Pembroke.
Although the national average of solar panels is $2.66 per watt, solar panels in Pembroke generally cost around 2.54. The average solar panel system size in Pembroke is around 6.8 kilowatts, meaning a cost of about $12,090 for a solar installation, or $17,289 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Pembroke homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With average savings of about $18,000 on electricity bills over 20 years, many homeowners in Pembroke find investing in solar has a decent ROI.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Pembroke
| Year | Return on Investment |
|---|---|
| 1 years | $-10,816 |
| 3 years | $-8,268 |
| 5 years | $-5,720 |
| 7 years | $-3,172 |
| 9 years | $-624 |
| 11 years | $1,924 |
| 13 years | $4,472 |
| 15 years | $7,020 |
| 17 years | $9,568 |
| 19 years | $12,117 |
| 21 years | $14,665 |
| 23 years | $17,213 |
| 25 years | $19,761 |
Top Solar Installers in Pembroke
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with a solar panel installer can make your swap to solar power much easier. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Pembroke
Factors that Affect Solar Panel Costs in Pembroke
There are several factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
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 $2,540. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Pembroke to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. However, the interest on solar loans also increases your overall costs, so it's important to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Pembroke, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. You may come across national solar installers that have lower prices because of their larger 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 | $17,025 | 9.9 years |
| 8 kW | $2.59 | $14,508 | $22,985 | 9.7 years |
| 10 kW | $2.54 | $17,780 | $29,086 | 9.5 years |
| 12 kW | $2.49 | $20,909 | $35,330 | 9.3 years |
| 14 kW | $2.44 | $23,896 | $41,716 | 9.1 years |
| 16 kW | $2.39 | $26,741 | $48,245 | 8.9 years |
| 18 kW | $2.34 | $29,444 | $54,916 | 8.7 years |
| 20 kW | $2.29 | $32,004 | $61,728 | 8.5 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose greatly influences 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:
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies offer various brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
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 Pembroke, NC Solar Cost FAQs
How much does it cost to install solar panels in Pembroke?
The average cost of solar panels in Pembroke is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Pembroke?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Pembroke?
Although 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 replace them once you've had them for that long or you can keep using 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.
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.