Solar Panel Cost Guide in Rolesville, NC (2024 Update)
- Rolesville Solar Installation Cost: $17,183
- 25-Year Savings: $21,496
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Rolesville
We break down average solar pricing in Rolesville.
The average cost of a solar system in Rolesville is 4 per watt.Since a 7.0-kW system is needed to cover the energy usage of a typical home in Rolesville, the average price of going solar will be about $17,183 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary depending on several factors, such as how many panels you need, your energy usage and what company you go with.But, once you've paid the initial cost of installation, the ROI for most homeowners is quite fruitful, with a net average savings of about $18,000 over 20 years on utility bills.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Rolesville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,712 |
| 3 years | $-12,770 |
| 5 years | $-9,828 |
| 7 years | $-6,885 |
| 9 years | $-3,943 |
| 11 years | $-1,001 |
| 13 years | $1,941 |
| 15 years | $4,883 |
| 17 years | $7,825 |
| 19 years | $10,768 |
| 21 years | $13,710 |
| 23 years | $16,652 |
| 25 years | $19,594 |
Top Solar Installers in Rolesville
Many homeowners decide to use a solar panel company since installing solar panels yourself can be time-consuming. Another benefit of working with a solar installer is that they can help you optimize your return of investment by cutting back on future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Rolesville
Factors that Affect Solar Panel Costs in Rolesville
The cost of installing a solar system in Rolesville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Rolesville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can figure out by looking at past power bills. Your total cost can increase by around $3,510 for each additional kilowatt you need.The type of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Further, solar equipment is 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 researching a solar system that’s in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installation company you choose will influence your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Rolesville have more knowledge about local solar incentives and can help you learn about 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 | $3.65 | $15,332 | $13,778 | 13.2 years |
| 8 kW | $3.58 | $20,049 | $18,764 | 12.9 years |
| 10 kW | $3.51 | $24,570 | $23,946 | 12.7 years |
| 12 kW | $3.44 | $28,894 | $29,325 | 12.4 years |
| 14 kW | $3.37 | $33,022 | $34,900 | 12.2 years |
| 16 kW | $3.30 | $36,953 | $40,672 | 11.9 years |
| 18 kW | $3.23 | $40,688 | $46,641 | 11.6 years |
| 20 kW | $3.16 | $44,226 | $52,806 | 11.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: If you care about the endurance of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Rolesville, NC Solar Cost FAQs
How much does it cost to install solar panels in Rolesville?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Rolesville?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Does Rolesville have a net metering program?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.