Solar Panel Cost Guide in Tabor City, NC (2023 Update)
- Tabor City Solar Installation Cost: $11,984
- 25-Year Savings: $21,405
- Payback Period: 9.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Tabor City
We go over average solar pricing in Tabor City.
The national average cost of solar panels is $2.66 per watt, but in Tabor City it's 2.54 per watt. The average solar panel system size in Tabor City is around 6.7 kilowatts, meaning a cost of about $11,984 for a solar installation, or $17,137 before the 30% federal solar tax credit is applied.
The actual price you pay can go above or below the average in Tabor City depending on several factors, such as the model of solar panels you choose and the solar installer you hire. With average savings of about $19,000 on power bills over 20 years, many homeowners in Tabor City find investing in solar can pay off big.
Click the button below to get connected to a vetted solar installer in your area for a personalized quote.
Solar savings over time in Tabor City
| Year | Return on Investment |
|---|---|
| 1 years | $-10,648 |
| 3 years | $-7,977 |
| 5 years | $-5,306 |
| 7 years | $-2,635 |
| 9 years | $36 |
| 11 years | $2,707 |
| 13 years | $5,379 |
| 15 years | $8,050 |
| 17 years | $10,721 |
| 19 years | $13,392 |
| 21 years | $16,063 |
| 23 years | $18,734 |
| 25 years | $21,405 |
Top Solar Installers in Tabor City
Many homeowners decide to use a solar panel company since installing solar panels by yourself can be hard. The expertise that solar companies provide can be invaluable as well, particularly if you aren't sure what brand of solar equipment you need.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Tabor City
Factors that Affect Solar Panel Costs in Tabor City
There are many criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also be more expensive. Additionally, 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 Tabor City provide solar loans, which reduce your upfront costs of installing a solar system. Even though solar loans make switching to solar energy more accessible for Tabor City homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Tabor City is the company you choose to install your solar system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets. Some companies only sell high-quality, high-efficiency and high-price products — 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 is within 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 | $18,642 | 9.3 years |
| 8 kW | $2.59 | $14,508 | $25,140 | 9.1 years |
| 10 kW | $2.54 | $17,780 | $31,781 | 9.0 years |
| 12 kW | $2.49 | $20,909 | $38,564 | 8.8 years |
| 14 kW | $2.44 | $23,896 | $45,489 | 8.6 years |
| 16 kW | $2.39 | $26,741 | $52,556 | 8.4 years |
| 18 kW | $2.34 | $29,444 | $59,766 | 8.3 years |
| 20 kW | $2.29 | $32,004 | $67,118 | 8.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Tabor City, NC Solar Cost FAQs
How much does it cost to install solar panels in Tabor City?
The average cost of solar panels in Tabor City is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Tabor City?
A solar panel system isn't free in Tabor City, 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.
Can you sell solar power back to the grid in Tabor City?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know 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.
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.