Solar Panel Cost Guide in Shelby, NC (2024 Update)
- Shelby Solar Installation Cost: $16,719
- 25-Year Savings: $16,334
- Payback Period: 13.2 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Shelby
Find out what the average cost of solar panels are in Shelby.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Shelby, the typical cost of a solar system is 4 per watt.The average Shelby homeowner needs a 6.8-kilowatt system, which would cost about $16,719 with the federal tax credit, or $23,908 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar panels you choose, your solar contractor and more.With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Shelby find going solar can be quite rewarding.
Click the button below to get connected to a reputable solar installer in your area for a customized quote.
Solar savings over time in Shelby
Year | Return on Investment |
---|---|
1 years | $-15,397 |
3 years | $-12,753 |
5 years | $-10,108 |
7 years | $-7,464 |
9 years | $-4,820 |
11 years | $-2,176 |
13 years | $469 |
15 years | $3,113 |
17 years | $5,757 |
19 years | $8,401 |
21 years | $11,046 |
23 years | $13,690 |
25 years | $16,334 |
Top Solar Installers in Shelby
Installing solar panels on your own can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Shelby
Factors that Affect Solar Panel Costs in Shelby
For many Shelby homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Shelby, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Shelby, one of the most important 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 figure out by looking at past energy bills. Your total cost can increase by about $3,510 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Shelby, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Shelby provide solar loans, which reduce the initial cost of installing solar.Though solar loans make going solar more accessible for Shelby homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies in Shelby, and each can charge varying amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $3.65 | $15,332 | $12,643 | 13.7 years |
8 kW | $3.58 | $20,049 | $17,250 | 13.4 years |
10 kW | $3.51 | $24,570 | $22,054 | 13.2 years |
12 kW | $3.44 | $28,894 | $27,054 | 12.9 years |
14 kW | $3.37 | $33,022 | $32,251 | 12.6 years |
16 kW | $3.30 | $36,953 | $37,645 | 12.4 years |
18 kW | $3.23 | $40,688 | $43,235 | 12.1 years |
20 kW | $3.16 | $44,226 | $49,021 | 11.9 years |
How to Save on Solar Panels
There are numerous companies available in Shelby, 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:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: It’s important to read through your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Shelby, NC Solar Cost FAQs
What is the average cost of installing solar panels in Shelby?
This is a hard question to answer exactly, because the cost depends on a variety of 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Shelby?
Leasing solar panels can be an option if you are unable to 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 savings from going solar.
Is it worth going solar in Shelby?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.