Solar Panel Cost Guide in Southport, NC (Nov 2022)

  • Southport Solar Installation Cost: $11,379
  • 25-Year Savings: $22,010
  • Payback Period: 8.5 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Southport

Let's take a look at the average cost of solar panels in Southport.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Southport, the average cost of solar panels is $3 per watt. The average solar panel system size in Southport is around 6.4 kilowatts, meaning a cost of about $11,379 for a solar installation, or $8,420 after the 30% federal solar tax credit is applied.

These figures are just averages, and how much solar costs for you will most likely vary based on factors unique to your home and what company you go with. But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $20,000 over 20 years on utility bills.

To receive a free estimate from a pre-vetted solar company in Southport, you can click the button below.

Solar savings over time in Southport

Year Return on Investment
1 years $-10,044
3 years $-7,373
5 years $-4,701
7 years $-2,030
9 years $641
11 years $3,312
13 years $5,983
15 years $8,654
17 years $11,325
19 years $13,996
21 years $16,668
23 years $19,339
25 years $22,010

Top Solar Installers in Southport

Many homeowners decide to use a solar installation company since trying to install solar panels yourself can be challenging. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.

You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Southport:

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 Southport

Factors that Affect Solar Panel Costs in Southport

The cost of installing a solar system in Southport can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment

The size of the solar energy system you need is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,540. The type of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about 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's in your budget.

Solar Financing Terms

Most solar installers in Southport provide solar loans, which reduce the initial cost of installing solar. You'll have to consider the long-term cost of financing options, including the amount of 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.

Solar Panel Installation Company

A final consideration when trying to figure out the cost of solar for your home or business in Southport is the company you choose to install your solar system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services at different price points. The size of the company sometimes plays 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 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 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 $20,225 8.9 years
8 kW $2.59 $14,508 $27,251 8.7 years
10 kW $2.54 $17,780 $34,419 8.5 years
12 kW $2.49 $20,909 $41,729 8.3 years
14 kW $2.44 $23,896 $49,182 8.2 years
16 kW $2.39 $26,741 $56,777 8.0 years
18 kW $2.34 $29,444 $64,514 7.8 years
20 kW $2.29 $32,004 $72,394 7.7 years

How to Save on Solar Panels

There are a lot of companies to choose from in Southport, 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:

  • Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
  • Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
  • Solar Panel Brands: The type of solar panel you want to get plays a role in which installer you should go with, since different companies offer different panels.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.

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 Southport, NC Solar Cost FAQs

What is the average cost of installing solar panels in Southport?

This is a difficult question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.

Are solar panels free in Southport?

Solar panels aren't free in Southport, 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 can further reduce the cost.

Is making the switch to solar worth it?

Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.

How often do you have to replace solar panels?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.

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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