Solar Panel Cost Guide in Thomasville, NC (2024 Update)
- Thomasville Solar Installation Cost: $16,969
- 25-Year Savings: $18,388
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Thomasville
Find out how much it might cost to install solar panels in Thomasville.
In Thomasville, solar panels cost about 4 per watt on average.The average solar panel system size in Thomasville is around 6.9 kilowatts, meaning a cost of about $16,969 for a solar installation, or $24,266 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Thomasville homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find going solar is a rewarding investment. The average homeowner in Thomasville can save about $17,000 on their power bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Thomasville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,647 |
| 3 years | $-13,002 |
| 5 years | $-10,358 |
| 7 years | $-7,714 |
| 9 years | $-5,070 |
| 11 years | $-2,425 |
| 13 years | $219 |
| 15 years | $2,863 |
| 17 years | $5,507 |
| 19 years | $8,152 |
| 21 years | $10,796 |
| 23 years | $13,440 |
| 25 years | $16,084 |
Top Solar Installers in Thomasville
Although it's possible to install solar panels on your own, it takes extra time and know-how. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Another good thing about choosing a reliable solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- 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
- 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 Thomasville
Factors that Affect Solar Panel Costs in Thomasville
Although the average cost of a solar system in Thomasville is $16,969, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Thomasville, 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
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Thomasville, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.It’s a good idea to add 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
Finally, the company you opt for to install your solar panels can influence how much you pay. Thomasville’s solar companies all have different labor costs and add varying upcharges to equipment. 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 come with an above-average cost. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also fits 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 | $3.65 | $15,332 | $11,311 | 14.4 years |
| 8 kW | $3.58 | $20,049 | $15,475 | 14.1 years |
| 10 kW | $3.51 | $24,570 | $19,835 | 13.8 years |
| 12 kW | $3.44 | $28,894 | $24,391 | 13.6 years |
| 14 kW | $3.37 | $33,022 | $29,144 | 13.3 years |
| 16 kW | $3.30 | $36,953 | $34,094 | 13.0 years |
| 18 kW | $3.23 | $40,688 | $39,241 | 12.7 years |
| 20 kW | $3.16 | $44,226 | $44,583 | 12.4 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining 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 some important things you should take into account, including:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project timeline.
- Warranty: If you’re worried about the endurance of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Best National Provider
SunPower
- 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
- 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 Thomasville, NC Solar Cost FAQs
What is the average cost of installing solar panels in Thomasville?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $17,550 for a 5-kW system and $35,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Thomasville?
Solar panels aren’t free in Thomasville, 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.
Is it worth going solar in Thomasville?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Thomasville?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.