Solar Panel Cost Guide in Statesville, NC (2025 Update)
- Statesville Solar Installation Cost: $16,954
- 25-Year Savings: $18,875
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Statesville
We break down average solar pricing in Statesville.
Although the national average of solar panels is $2.66 per watt, solar panels in Statesville generally cost about 4.The average solar panel system size in Statesville is around 6.9 kilowatts, meaning a cost of about $16,954 for a solar installation, or $24,244 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Statesville homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar is worth paying. On average Statesville homeowners see about $17,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Statesville for a quote for your home.
Solar savings over time in Statesville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,632 |
| 3 years | $-12,988 |
| 5 years | $-10,344 |
| 7 years | $-7,700 |
| 9 years | $-5,055 |
| 11 years | $-2,411 |
| 13 years | $233 |
| 15 years | $2,877 |
| 17 years | $5,522 |
| 19 years | $8,166 |
| 21 years | $10,810 |
| 23 years | $13,454 |
| 25 years | $16,099 |
Top Solar Installers in Statesville
Many homeowners choose to hire a solar panel company since trying to install solar panels yourself can be time-consuming. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar contractor as well, which can save you more money after your initial investment.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
See all of the solar companies in Statesville
Factors that Affect Solar Panel Costs in Statesville
The cost of installing a solar system in Statesville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of solar panels in Statesville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,510 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Statesville, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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
Many homeowners find the average cost of solar in Statesville to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time because of interest.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can play a role in determining how much you pay. Statesville’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to 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 | $11,748 | 14.2 years |
| 8 kW | $3.58 | $20,049 | $16,058 | 13.9 years |
| 10 kW | $3.51 | $24,570 | $20,563 | 13.6 years |
| 12 kW | $3.44 | $28,894 | $25,266 | 13.3 years |
| 14 kW | $3.37 | $33,022 | $30,165 | 13.1 years |
| 16 kW | $3.30 | $36,953 | $35,260 | 12.8 years |
| 18 kW | $3.23 | $40,688 | $40,552 | 12.5 years |
| 20 kW | $3.16 | $44,226 | $46,041 | 12.2 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.
EcoWatch's Statesville, NC Solar Cost FAQs
How much does it cost to install solar panels in Statesville?
The average cost of solar panels in Statesville 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Statesville?
You can’t get solar panels for free in Statesville. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Statesville?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How many solar panels should I get to power my home?
To figure out how many solar panels 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 household 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.