Solar Panel Cost Guide in Southern Pines, NC (Sep 2022)

  • Southern Pines Solar Installation Cost: $12,286
  • 25-Year Savings: $20,784
  • Payback Period: 9.3 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Southern Pines

Let's have a look at the average cost of solar panels in Southern Pines.

In Southern Pines, solar panels cost about $3 per watt on average. The average Southern Pines homeowner needs a 6.9-kilowatt system, which would cost about $12,286, or $9,092 after the federal solar tax credit of 30% is applied.

These figures are just averages, and how much solar costs for you will most likely differ based on factors unique to your home and what company you want to go with. Despite the high upfront cost, the average Southern Pines homeowner can save around $18,000 on their electricity bills over 20 years, which is one of the advantages of solar.

You can click the button below to get connected with a vetted solar company in Southern Pines that can help you get a more accurate cost estimate for your home.

Solar savings over time in Southern Pines

Year Return on Investment
1 years $-10,963
3 years $-8,318
5 years $-5,672
7 years $-3,026
9 years $-381
11 years $2,265
13 years $4,910
15 years $7,556
17 years $10,202
19 years $12,847
21 years $15,493
23 years $18,138
25 years $20,784

Top Solar Installers in Southern Pines

Although you can install solar panels by yourself, it involves extra time and know-how. Because of that, most people choose to hire a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.

There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

See all of the solar companies in Southern Pines

Factors that Affect Solar Panel Costs in Southern Pines

Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Southern Pines: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment Size

The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size. Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,540. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Southern Pines, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for a solar system out of pocket is out of reach, solar loans are a solid route because they lower your upfront costs and let you 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

A final factor to consider when trying to evaluate the cost of solar for your home or business in Southern Pines is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, you'll have many options for solar installers that offer a range of services for different budgets. The company's size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.

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 $17,626 9.7 years
8 kW $2.59 $14,508 $23,785 9.5 years
10 kW $2.54 $17,780 $30,087 9.3 years
12 kW $2.49 $20,909 $36,531 9.1 years
14 kW $2.44 $23,896 $43,118 8.9 years
16 kW $2.39 $26,741 $49,846 8.7 years
18 kW $2.34 $29,444 $56,717 8.5 years
20 kW $2.29 $32,004 $63,730 8.4 years

Solar Incentives in Southern Pines

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

The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:

  • Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
  • Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
  • Reputation: Companies that have been in business 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 support, such as part repairs and replacements.
  • Installation Process: Make sure you're aligned with the company in regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

EcoWatch's Southern Pines, NC Solar Cost FAQs

What is the average cost of installing solar panels in Southern Pines?

This is a difficult question to answer exactly, because the cost depends on a variety of 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 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 choose a smaller solar panel system or cheaper solar panels.

Can you get solar panels for free in Southern Pines?

Solar panels aren't free in Southern Pines, 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.

Can you sell solar power back to the grid in Southern Pines?

Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.

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.

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