Solar Panel Cost Guide in Stokesdale, NC (2023 Update)

  • Stokesdale Solar Installation Cost: $12,395
  • 25-Year Savings: $18,273
  • Payback Period: 10.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated September 15, 2023

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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 Stokesdale

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

The average cost of a solar panel system in Stokesdale is 2.54 per watt. To cover the typical energy needs of the average home in Stokesdale, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,393, or $17,722 before the federal solar tax credit of 30% is applied.

The true price you pay can go above or below the average in Stokesdale based on several factors, such as the model of solar panels you choose and the solar company you hire. But, after you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $17,000 over 20 years on utility bills.

Click the button below to get connected to a top solar installer in your area for a custom estimate.

Solar savings over time in Stokesdale

Year Return on Investment
1 years $-12,293
3 years $-12,088
5 years $-11,884
7 years $-11,679
9 years $-11,475
11 years $-11,270
13 years $-11,066
15 years $-10,861
17 years $-10,657
19 years $-10,453
21 years $-10,248
23 years $-10,044
25 years $-9,839

Top Solar Installers in Stokesdale

Many homeowners opt for a solar installation company since installing solar panels yourself can be challenging. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.

You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:

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

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 Stokesdale

Factors that Affect Solar Panel Costs in Stokesdale

Though the average cost of a solar system in Stokesdale is $12,393, your final cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.

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 electricity your household uses, the larger your system will likely need to be. You can expect to pay around $2,540 per kilowatt in Stokesdale. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Stokesdale, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to figure out the cost of solar for your home or business in Stokesdale is the company you get to install your solar system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different price points. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that provides the products, warranties and services you want and also fit into your budget.

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 $15,300 10.5 years
8 kW $2.59 $14,508 $20,685 10.3 years
10 kW $2.54 $17,780 $26,211 10.1 years
12 kW $2.49 $20,909 $31,881 9.9 years
14 kW $2.44 $23,896 $37,692 9.7 years
16 kW $2.39 $26,741 $43,645 9.5 years
18 kW $2.34 $29,444 $49,741 9.3 years
20 kW $2.29 $32,004 $55,979 9.1 years

How to Save on Solar Panels

There are a lot of companies to choose from in Stokesdale, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:

  • Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
  • Solar Panel Brands: The model of solar panel you'd like to get plays a part in which installer you should choose, since different companies have different panels.
  • Warranty: If you're worried about the durability of your solar system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.

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

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 Stokesdale, NC Solar Cost FAQs

How much does it cost to install solar panels in Stokesdale?

This is a difficult question to answer precisely, 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.

Can you get solar panels for free in Stokesdale?

Solar panels aren't free in Stokesdale, 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 help lower the cost.

Does Stokesdale have a net metering program?

Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future energy 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 Stokesdale?

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 level 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.

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