Solar Panel Cost Guide in Rolesville, NC (2023 Update)
- Rolesville Solar Installation Cost: $12,435
- 25-Year Savings: $21,496
- Payback Period: 9.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Rolesville
Here's how much it might cost to make the switch to solar in Rolesville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Rolesville, the average cost of a solar system is 2.54 per watt. The average Rolesville homeowner needs a 7.0-kilowatt system, which would cost about $12,428 with the federal tax credit, or $17,772 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary quite a bit based on a few factors, such as how many panels you need, your energy consumption and what installation company you go with. With typical savings of about $18,000 on energy bills over 20 years, many homeowners in Rolesville find installing solar panels can pay off big.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Rolesville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,321 |
| 3 years | $-12,095 |
| 5 years | $-11,869 |
| 7 years | $-11,643 |
| 9 years | $-11,417 |
| 11 years | $-11,190 |
| 13 years | $-10,964 |
| 15 years | $-10,738 |
| 17 years | $-10,512 |
| 19 years | $-10,286 |
| 21 years | $-10,059 |
| 23 years | $-9,833 |
| 25 years | $-9,607 |
Top Solar Installers in Rolesville
When switching to solar energy, many homeowners choose to hire a solar installer since DIY solar panel installation can be a challenging project. Some solar companies, especially local ones, can help you take advantage of incentives in Rolesville, thereby optimizing your ROI.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Rolesville
Factors that Affect Solar Panel Costs in Rolesville
For many Rolesville homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Rolesville, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,540. There are a lot of different solar panel brands and the one you pick also changes the cost. Typically, the brands that are more efficient tend to also cost more. Plus, the type of equipment you're looking to get 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 power bills over time, but they can also be a significant investment. That's why many Rolesville homeowners choose to finance their solar panel systems to make paying for solar more affordable. 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 on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Rolesville is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for example, you'll have no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Rolesville have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $18,015 | 9.5 years |
| 8 kW | $2.59 | $14,508 | $24,304 | 9.3 years |
| 10 kW | $2.54 | $17,780 | $30,736 | 9.2 years |
| 12 kW | $2.49 | $20,909 | $37,310 | 9.0 years |
| 14 kW | $2.44 | $23,896 | $44,026 | 8.8 years |
| 16 kW | $2.39 | $26,741 | $50,884 | 8.6 years |
| 18 kW | $2.34 | $29,444 | $57,885 | 8.4 years |
| 20 kW | $2.29 | $32,004 | $65,028 | 8.2 years |
How to Save on Solar Panels
There are many companies available in Rolesville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
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 Rolesville, NC Solar Cost FAQs
How much does it cost to install solar panels in Rolesville?
The average cost of solar panels in Rolesville 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Rolesville?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase how much your home is worth?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
On average, solar panels can last 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.