Solar Panel Cost Guide in Spring Lake, NC (2025 Update)
- Spring Lake Solar Installation Cost: $16,952
- 25-Year Savings: $20,630
- Payback Period: 12.9 Years
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Average Cost of Solar Panels in Spring Lake
We go over average solar pricing in Spring Lake.
The national average cost of solar panels is $2.66 per watt, but in Spring Lake it’s 4 per watt.The average solar panel system size in Spring Lake is around 6.9 kilowatts, meaning a cost of about $16,952 for a solar installation, or $24,241 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will differ based on the amount of energy your home requires and what company you want to go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Spring Lake can save about $18,000 on their energy bills over 20 years.
To receive a free estimate from a top solar company in Spring Lake, you can click the button below.
Solar savings over time in Spring Lake
Year | Return on Investment |
---|---|
1 years | $-15,481 |
3 years | $-12,539 |
5 years | $-9,596 |
7 years | $-6,654 |
9 years | $-3,712 |
11 years | $-770 |
13 years | $2,172 |
15 years | $5,114 |
17 years | $8,057 |
19 years | $10,999 |
21 years | $13,941 |
23 years | $16,883 |
25 years | $19,825 |
Top Solar Installers in Spring Lake
Trying to put up solar panels yourself can be a stressful project, which is why using a solar installation company is a good option for many homeowners. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you’d like to start using solar energy but still aren’t sure which solar system company to go with, here are our recommendations for providers near you:
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 Spring Lake
Factors that Affect Solar Panel Costs in Spring Lake
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Spring Lake: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Spring Lake, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of 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 installers in Spring Lake provide solar loans, which reduce the initial cost of installing solar.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installation company you choose will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Spring Lake are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $13,277 | 13.4 years |
8 kW | $3.58 | $20,049 | $18,095 | 13.1 years |
10 kW | $3.51 | $24,570 | $23,111 | 12.9 years |
12 kW | $3.44 | $28,894 | $28,323 | 12.6 years |
14 kW | $3.37 | $33,022 | $33,731 | 12.4 years |
16 kW | $3.30 | $36,953 | $39,336 | 12.1 years |
18 kW | $3.23 | $40,688 | $45,137 | 11.9 years |
20 kW | $3.16 | $44,226 | $51,135 | 11.6 years |
How to Save on Solar Panels
There are many companies available in Spring Lake, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process works and the project completion timeline.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Spring Lake, NC Solar Cost FAQs
How much does it cost to install solar panels in Spring Lake?
The average cost of solar panels in Spring Lake is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Spring Lake?
Solar panels aren’t free in Spring Lake, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Spring Lake?
Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Spring Lake?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.