Solar Panel Cost Guide in Pittsboro, NC (Sep 2022)

  • Pittsboro Solar Installation Cost: $12,322
  • 25-Year Savings: $22,053
  • Payback Period: 9.0 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Pittsboro

We go over average solar pricing in Pittsboro.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Pittsboro, the average cost of a solar system is $3 per watt. The average solar panel system size in Pittsboro is around 6.9 kilowatts, meaning a cost of about $12,322 for a solar installation, or $9,118 after the 30% federal solar tax credit is applied.

How much you pay can be above or below the average in Pittsboro based on several factors, such as the type of solar panels you choose and the solar installer you hire. But, after you've paid the initial cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $19,000 over 20 years on electricity bills.

To receive a free quote from a top solar installer in Pittsboro, you can click the button below.

Solar savings over time in Pittsboro

Year Return on Investment
1 years $-10,947
3 years $-8,197
5 years $-5,447
7 years $-2,697
9 years $53
11 years $2,803
13 years $5,553
15 years $8,303
17 years $11,053
19 years $13,803
21 years $16,553
23 years $19,303
25 years $22,053

Top Solar Installers in Pittsboro

Trying to put up solar panels by yourself can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.

You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

See all of the solar companies in Pittsboro

Factors that Affect Solar Panel Costs in Pittsboro

For many Pittsboro homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Pittsboro, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,540 per kilowatt in Pittsboro. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Pittsboro average.

Solar Financing Terms

If paying for solar panels in cash is out of reach, solar loans are a solid choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.

Solar Panel Installation Company

Lastly, the company you hire to install your solar panel system can influence the cost. Pittsboro's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to 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 promotion 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 $2.64 $11,095 $18,685 9.3 years
8 kW $2.59 $14,508 $25,198 9.1 years
10 kW $2.54 $17,780 $31,852 9.0 years
12 kW $2.49 $20,909 $38,650 8.8 years
14 kW $2.44 $23,896 $45,589 8.6 years
16 kW $2.39 $26,741 $52,671 8.4 years
18 kW $2.34 $29,444 $59,895 8.2 years
20 kW $2.29 $32,004 $67,261 8.1 years

Solar Incentives in Pittsboro

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Duke Energy - NC Solar Rebate Program
Incentive Amount Residential: $0.60/W-AC
Nonresidential: $0.50/W-AC
Nonprofit: $0.75/W-AC
Incentive Max Residential: $6,000
Nonresidential: $50,000
Nonprofit: $75,000
Website Visit here
More Info Click here

Name Piedmont EMC - Residential Solar and Energy Efficiency Loan Program
Website Visit here
More Info Click here

Name Local Option - Financing Program for Renewable Energy and Energy Efficiency
More Info Click here

Name PSNC Energy (Gas) - Green Building Rate Discount
Incentive Amount discount/therm based on seasonal values
Website Visit here
More Info Click here

Name Property Tax Abatement for Solar Electric Systems
Incentive Amount Residential systems: 100% of the appraised value
All other systems: 80% of the appraised value
More Info Click here

Name Local Option - Green Building Incentives
More Info Click here

How to Save on Solar Panels

Since the type of solar panels and the installation company you choose greatly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
  • Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
  • Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
  • Installation Process: Make sure you're aligned with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

EcoWatch's Pittsboro, NC Solar Cost FAQs

What is the average cost of installing solar panels in Pittsboro?

This is a difficult question to answer precisely, because the cost depends on many 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. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

Is cost the most important consideration when buying solar panels?

Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.

Can solar panels completely eradicate my power bills?

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 $992.65 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 usage and how much sunlight your roof gets. You can take a 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 get 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.

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