Solar Panel Cost Guide in Piney Green, NC (2023 Update)
- Piney Green Solar Installation Cost: $11,821
- 25-Year Savings: $20,151
- Payback Period: 9.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Piney Green
Find out how much it might cost to make the switch to solar in Piney Green.
The national average cost of solar panels is $2.66 per watt, but in Piney Green it's 2.54 per watt. Since a 6.7-kW system is needed to cover the energy consumption of a typical home in Piney Green, the average price of going solar will be about $11,824 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and the cost of going solar for you will most likely vary based on the amount of energy your home requires and what company you go with. For many homeowners, the upfront cost of solar panels is worth paying. On average Piney Green homeowners see about $18,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a customized quote.
Solar savings over time in Piney Green
| Year | Return on Investment |
|---|---|
| 1 years | $-10,350 |
| 3 years | $-7,408 |
| 5 years | $-4,465 |
| 7 years | $-1,523 |
| 9 years | $1,419 |
| 11 years | $4,361 |
| 13 years | $7,303 |
| 15 years | $10,245 |
| 17 years | $13,188 |
| 19 years | $16,130 |
| 21 years | $19,072 |
| 23 years | $22,014 |
| 25 years | $24,956 |
Top Solar Installers in Piney Green
Many homeowners opt for a solar panel company since trying to put up solar panels on your own can be a labor-intensive endeavor. The expertise that solar installers offer can be useful as well, especially if you don't quite know what kind of solar equipment would be right for your home.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 Piney Green
Factors that Affect Solar Panel Costs in Piney Green
Though the average cost of a solar system in Piney Green is $11,824, your final cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,540. There are many different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Piney Green to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to 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 securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Piney Green, and each can charge different amounts for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and find a company that provides the products, warranties and services you want and also is within your budget.
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 | $17,759 | 9.6 years |
| 8 kW | $2.59 | $14,508 | $23,963 | 9.4 years |
| 10 kW | $2.54 | $17,780 | $30,309 | 9.2 years |
| 12 kW | $2.49 | $20,909 | $36,798 | 9.1 years |
| 14 kW | $2.44 | $23,896 | $43,429 | 8.9 years |
| 16 kW | $2.39 | $26,741 | $50,202 | 8.7 years |
| 18 kW | $2.34 | $29,444 | $57,117 | 8.5 years |
| 20 kW | $2.29 | $32,004 | $64,174 | 8.3 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose considerably influences your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The kind of solar panel you'd like plays a part in which installer you should opt for, since different companies provide different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
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 Piney Green, NC Solar Cost FAQs
How much does it cost to install solar panels in Piney Green?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $12,700 for a 5-kW system and $25,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Piney Green?
Solar panels aren't free in Piney Green, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Piney Green, that will require at least a 10-kW system. Not all homes 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 cover 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.