Solar Panel Cost Guide in Reidsville, NC (2025 Update)
- Reidsville Solar Installation Cost: $17,256
- 25-Year Savings: $20,700
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Reidsville
Find out how much it might cost to make the switch to solar in Reidsville.
The national average cost of solar panels is $2.66 per watt, but in Reidsville it’s 4 per watt.Using this figure, a typical 7.0-kW system would cost about $17,256 before the 0 federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you may vary based on factors unique to your home and what company you go with.Even with the significant upfront cost, the average Reidsville homeowner can save about $18,000 on their power bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a vetted solar installer in Reidsville for a personalized quote.
Solar savings over time in Reidsville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,934 |
| 3 years | $-13,290 |
| 5 years | $-10,646 |
| 7 years | $-8,001 |
| 9 years | $-5,357 |
| 11 years | $-2,713 |
| 13 years | $-69 |
| 15 years | $2,576 |
| 17 years | $5,220 |
| 19 years | $7,864 |
| 21 years | $10,508 |
| 23 years | $13,153 |
| 25 years | $15,797 |
Top Solar Installers in Reidsville
When switching to solar energy, many homeowners opt to hire a solar company since DIY solar panel installation can be a difficult project. Another advantage of utilizing a solar company is that they can help you optimize your investment by reducing your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
If you're on the hunt for a solar company in Reidsville, the EcoWatch team has organized a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Reidsville
Factors that Affect Solar Panel Costs in Reidsville
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Reidsville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,510.There are a lot of different solar panel brands and the one you choose also affects the cost. Generally, the brands that are more efficient tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Reidsville, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of 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 principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can play a part in determining how much you pay. Reidsville’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose 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 | $3.65 | $15,332 | $13,020 | 13.5 years |
| 8 kW | $3.58 | $20,049 | $17,754 | 13.3 years |
| 10 kW | $3.51 | $24,570 | $22,683 | 13.0 years |
| 12 kW | $3.44 | $28,894 | $27,810 | 12.7 years |
| 14 kW | $3.37 | $33,022 | $33,133 | 12.5 years |
| 16 kW | $3.30 | $36,953 | $38,652 | 12.2 years |
| 18 kW | $3.23 | $40,688 | $44,368 | 12.0 years |
| 20 kW | $3.16 | $44,226 | $50,281 | 11.7 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 models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: If you’re worried about the endurance of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The kind of solar panel you want to install plays a role in which company you should choose, since different companies have access to different panels.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: When going solar, it’s necessary to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Reidsville, NC Solar Cost FAQs
What is the average cost of installing solar panels in Reidsville?
This is a hard question to answer exactly, because the cost depends on a variety of 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Reidsville?
Solar panels aren’t free in Reidsville, 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.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Reidsville is currently $187,624, which means you can expect a value of about $7,693 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Reidsville is a fruitful investment.
How long do solar panels last in Reidsville?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to 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.