Solar Panel Cost Guide in Stallings, NC (2023 Update)
- Stallings Solar Installation Cost: $12,090
- 25-Year Savings: $19,981
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Stallings
Find out what the average cost of solar panels are in Stallings.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Stallings, the average cost of a solar system is 2.54 per watt. The average solar panel system size in Stallings is around 6.8 kilowatts, meaning a cost of about $12,090 for a solar installation, or $17,289 before the 30% federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely look different based on your energy needs and what company you go with. But, once you've paid the upfront cost of installation, the savings for most homeowners is typically good, with a net average savings of about $18,000 over 20 years on electricity bills.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Stallings
| Year | Return on Investment |
|---|---|
| 1 years | $-10,808 |
| 3 years | $-8,242 |
| 5 years | $-5,676 |
| 7 years | $-3,110 |
| 9 years | $-545 |
| 11 years | $2,021 |
| 13 years | $4,587 |
| 15 years | $7,152 |
| 17 years | $9,718 |
| 19 years | $12,284 |
| 21 years | $14,849 |
| 23 years | $17,415 |
| 25 years | $19,981 |
Top Solar Installers in Stallings
Although you can install solar panels yourself, it takes extra time and expertise. Because of that, the majority of homeowners choose to go with a solar panel installer. Plus, if you aren't sure 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.
If you're on the hunt for a solar installer in Stallings, the EcoWatch team has put together a list of our top suggestions here:
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 Stallings
Factors that Affect Solar Panel Costs in Stallings
The cost of installing a solar system in Stallings can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $2,540 per kilowatt in Stallings. There are a lot of different solar panel brands and the one you choose also changes the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Stallings have solar loans, which reduce the initial cost of installing solar. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you pick will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more 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 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 | $17,195 | 9.8 years |
| 8 kW | $2.59 | $14,508 | $23,212 | 9.6 years |
| 10 kW | $2.54 | $17,780 | $29,370 | 9.4 years |
| 12 kW | $2.49 | $20,909 | $35,671 | 9.2 years |
| 14 kW | $2.44 | $23,896 | $42,114 | 9.1 years |
| 16 kW | $2.39 | $26,741 | $48,699 | 8.9 years |
| 18 kW | $2.34 | $29,444 | $55,426 | 8.7 years |
| 20 kW | $2.29 | $32,004 | $62,296 | 8.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: Make sure you're aligned with the company with 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.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
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 Stallings, NC Solar Cost FAQs
How much does it cost to install solar panels in Stallings?
This is a hard question to answer precisely, 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 cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Stallings?
You can't get solar panels for free in Stallings. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Stallings, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.