Solar Panel Cost Guide in Rockfish, NC (Sep 2022)
- Rockfish Solar Installation Cost: $12,215
- 25-Year Savings: $20,995
- Payback Period: 9.2 Years
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Updated 9/16/2022
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Average Cost of Solar Panels in Rockfish
Let's have a look at the average cost of solar panels in Rockfish.
In Rockfish, solar panels cost about $3 per watt on average. The average Rockfish homeowner needs a 6.9-kilowatt system, which would cost about $12,215, or $9,039 after the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average Rockfish homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $18,000 over 20 years on power bills.
Click the button below to get connected to a top solar company in your area for a custom estimate.
Solar savings over time in Rockfish
| Year | Return on Investment |
|---|---|
| 1 years | $-10,886 |
| 3 years | $-8,230 |
| 5 years | $-5,573 |
| 7 years | $-2,916 |
| 9 years | $-259 |
| 11 years | $2,398 |
| 13 years | $5,054 |
| 15 years | $7,711 |
| 17 years | $10,368 |
| 19 years | $13,025 |
| 21 years | $15,682 |
| 23 years | $18,339 |
| 25 years | $20,995 |
Top Solar Installers in Rockfish
Many homeowners opt for a solar panel installer since trying to install solar panels on your own can be time-consuming. Plus, if you aren't sure what type of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Rockfish
Factors that Affect Solar Panel Costs in Rockfish
Though the average cost of solar panels in Rockfish is $12,215, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment Size
When it comes to estimating the cost of solar panels in Rockfish, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $2,540 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient 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
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Rockfish homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's crucial to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies in Rockfish, and each can charge different amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up 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 | $17,916 | 9.6 years |
| 8 kW | $2.59 | $14,508 | $24,172 | 9.4 years |
| 10 kW | $2.54 | $17,780 | $30,571 | 9.2 years |
| 12 kW | $2.49 | $20,909 | $37,112 | 9.0 years |
| 14 kW | $2.44 | $23,896 | $43,795 | 8.8 years |
| 16 kW | $2.39 | $26,741 | $50,620 | 8.6 years |
| 18 kW | $2.34 | $29,444 | $57,588 | 8.5 years |
| 20 kW | $2.29 | $32,004 | $64,697 | 8.3 years |
Solar Incentives in Rockfish
| Name | ITC |
| Type | Tax Incentive |
| Incentive Amount | 26% of installation cost |
| Website | Visit 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
There are a large number of companies to choose from in Rockfish, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you're concerned about the durability of your solar energy system, checking your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Rockfish, NC Solar Cost FAQs
How much does it cost to install solar panels in Rockfish?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly 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 higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Rockfish?
Solar panels aren't free in Rockfish, but there are some options that can make getting them more affordable, 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?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
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 higher level 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.
