Solar Panel Cost Guide in Rutherfordton, NC (Jan 2023)
- Rutherfordton Solar Installation Cost: $12,162
- 25-Year Savings: $22,722
- Payback Period: 8.7 Years
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Top Solar Installers in Rutherfordton
When making the switch to solar, many homeowners opt to go with a solar company since putting up a solar system yourself can be a difficult project. Plus, if you're not certain what brand of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in Rutherfordton
Factors that Affect Solar Panel Costs in Rutherfordton
There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
When it comes to estimating the cost of a solar system in Rutherfordton, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by about $2,540 for each additional kilowatt you need. The model of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, 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 searching for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your all-in costs, so it's important 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
The remaining major cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Rutherfordton, you'll have many options to choose from, but each comes at different price points for labor and equipment. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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||$19,488||9.1 years|
|8 kW||$2.59||$14,508||$26,269||8.9 years|
|10 kW||$2.54||$17,780||$33,192||8.7 years|
|12 kW||$2.49||$20,909||$40,257||8.5 years|
|14 kW||$2.44||$23,896||$47,464||8.4 years|
|16 kW||$2.39||$26,741||$54,814||8.2 years|
|18 kW||$2.34||$29,444||$62,306||8.0 years|
|20 kW||$2.29||$32,004||$69,940||7.8 years|
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Read the contract terms carefully to make sure you understand the total cost, project timeline incentives and warranties.
- Reputation: Well-established companies likely have a high 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 support, such as part repairs and replacements.
- Solar Panel Brands: The model of solar panel you need to get plays a part in which company you should go with, since different companies have different panels.
- Warranty: If you're concerned about the durability of your solar panel system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
EcoWatch's Rutherfordton, NC Solar Cost FAQs
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.