Solar Panel Cost Guide in Roanoke Rapids, NC (2023 Update)
- Roanoke Rapids Solar Installation Cost: $12,556
- 25-Year Savings: $21,958
- Payback Period: 9.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Roanoke Rapids
We go over average solar pricing in Roanoke Rapids.
In Roanoke Rapids, solar panels cost about 2.54 per watt on average. Because a 7.1-kW system is needed to cover the energy usage of a typical home in Roanoke Rapids, the average price of going solar will be about $12,553 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. But, once you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $19,000 over 20 years on energy bills.
To receive a free estimate from a highly rated solar company in Roanoke Rapids, you can click the button below.
Solar savings over time in Roanoke Rapids
| Year | Return on Investment |
|---|---|
| 1 years | $-12,441 |
| 3 years | $-12,211 |
| 5 years | $-11,981 |
| 7 years | $-11,751 |
| 9 years | $-11,521 |
| 11 years | $-11,291 |
| 13 years | $-11,060 |
| 15 years | $-10,830 |
| 17 years | $-10,600 |
| 19 years | $-10,370 |
| 21 years | $-10,140 |
| 23 years | $-9,910 |
| 25 years | $-9,680 |
Top Solar Installers in Roanoke Rapids
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring 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 offering warranties, repairs and system component replacements.
If you'd like to make the switch to solar but still aren't certain which solar company to go with, here are our suggestions for providers near you:
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 Roanoke Rapids
Factors that Affect Solar Panel Costs in Roanoke Rapids
For many Roanoke Rapids homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Roanoke Rapids, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important 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 energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,540 per kilowatt in Roanoke Rapids. The type of solar panels and equipment you choose is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Roanoke Rapids homeowners choose to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your all-in costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can impact the cost. Roanoke Rapids' solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $18,229 | 9.5 years |
| 8 kW | $2.59 | $14,508 | $24,590 | 9.3 years |
| 10 kW | $2.54 | $17,780 | $31,093 | 9.1 years |
| 12 kW | $2.49 | $20,909 | $37,738 | 8.9 years |
| 14 kW | $2.44 | $23,896 | $44,525 | 8.7 years |
| 16 kW | $2.39 | $26,741 | $51,455 | 8.5 years |
| 18 kW | $2.34 | $29,444 | $58,527 | 8.4 years |
| 20 kW | $2.29 | $32,004 | $65,741 | 8.2 years |
How to Save on Solar Panels
There are a large number of companies available in Roanoke Rapids, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
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 Roanoke Rapids, NC Solar Cost FAQs
How much does it cost to install solar panels in Roanoke Rapids?
The average cost of solar panels in Roanoke Rapids is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Roanoke Rapids?
You can't get solar panels for free in Roanoke Rapids. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Roanoke Rapids have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
How long do solar panels last in Roanoke Rapids?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.