Solar Panel Cost Guide in Reidsville, NC (Feb 2023)
- Reidsville Solar Installation Cost: $12,482
- 25-Year Savings: $20,706
- Payback Period: 9.4 Years
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Top Solar Installers in Reidsville
When going solar, many homeowners choose to go with a solar company since installing solar panels yourself can be a challenging project. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Reidsville
Factors that Affect Solar Panel Costs in Reidsville
For many Reidsville homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Reidsville, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Reidsville offer solar loans, which reduce your upfront costs of installing solar. Though solar loans make adopting solar energy more accessible for Reidsville homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Reidsville, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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||$17,257||9.8 years|
|8 kW||$2.59||$14,508||$23,294||9.6 years|
|10 kW||$2.54||$17,780||$29,473||9.4 years|
|12 kW||$2.49||$20,909||$35,795||9.2 years|
|14 kW||$2.44||$23,896||$42,259||9.0 years|
|16 kW||$2.39||$26,741||$48,864||8.8 years|
|18 kW||$2.34||$29,444||$55,613||8.7 years|
|20 kW||$2.29||$32,004||$62,503||8.5 years|
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
EcoWatch's Reidsville, 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.