Solar Panel Cost Guide in Thomasville, NC (2023 Update)
- Thomasville Solar Installation Cost: $12,286
- 25-Year Savings: $18,382
- Payback Period: 10.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Thomasville
We break down average solar pricing in Thomasville.
In Thomasville, solar panels cost about 2.54 per watt on average. Because a 6.9-kW system is needed to cover the energy consumption of a typical home in Thomasville, the average price of going solar will be about $12,286 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Thomasville homeowner. The price 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. Even with the high initial cost, the average Thomasville homeowner can save about $17,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar installer in Thomasville for a quote for your home.
Solar savings over time in Thomasville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,059 |
| 3 years | $-8,606 |
| 5 years | $-6,152 |
| 7 years | $-3,699 |
| 9 years | $-1,246 |
| 11 years | $1,208 |
| 13 years | $3,661 |
| 15 years | $6,115 |
| 17 years | $8,568 |
| 19 years | $11,021 |
| 21 years | $13,475 |
| 23 years | $15,928 |
| 25 years | $18,382 |
Top Solar Installers in Thomasville
Although you can install solar panels on your own, it involves extra time and know-how. That's one of the reasons almost all homeowners choose to go with a solar panel installer. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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
For many Thomasville homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Thomasville, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,540. The type of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Thomasville have solar loans, which reduce the initial cost of installing solar panels. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Thomasville is the company you hire to install your solar panel system. As with choosing a company to install new cabinets, for example, you'll have many options for solar installers that offer a range of services at different costs. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $2.64 | $11,095 | $15,548 | 10.4 years |
| 8 kW | $2.59 | $14,508 | $21,015 | 10.2 years |
| 10 kW | $2.54 | $17,780 | $26,625 | 10.0 years |
| 12 kW | $2.49 | $20,909 | $32,376 | 9.8 years |
| 14 kW | $2.44 | $23,896 | $38,270 | 9.6 years |
| 16 kW | $2.39 | $26,741 | $44,306 | 9.4 years |
| 18 kW | $2.34 | $29,444 | $50,485 | 9.2 years |
| 20 kW | $2.29 | $32,004 | $56,805 | 9.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: When making the switch to solar power, it's crucial to keep an open line of communication with your solar company. Confirm that you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: The brand of solar panel you'd like to install plays a role in which company you should choose, since different companies provide different panels.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
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. Generally 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 other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Thomasville?
A solar panel system isn't free in Thomasville, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on energy bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Thomasville, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
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 needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.