Solar Panel Cost Guide in Trent Woods, NC (2023 Update)
- Trent Woods Solar Installation Cost: $12,144
- 25-Year Savings: $19,396
- Payback Period: 9.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Trent Woods
Let's take a look at the average cost of solar in Trent Woods.
While the national average of solar panels is $2.66 per watt, solar panels in Trent Woods generally cost about 2.54. Using this figure, a typical 6.8-kW system would cost about $12,144 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary depending on several factors, such as what size system you need, your energy usage and what company you go with. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $18,000 over 20 years on utility bills.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Trent Woods
| Year | Return on Investment |
|---|---|
| 1 years | $-10,882 |
| 3 years | $-8,359 |
| 5 years | $-5,836 |
| 7 years | $-3,313 |
| 9 years | $-790 |
| 11 years | $1,734 |
| 13 years | $4,257 |
| 15 years | $6,780 |
| 17 years | $9,303 |
| 19 years | $11,826 |
| 21 years | $14,349 |
| 23 years | $16,873 |
| 25 years | $19,396 |
Top Solar Installers in Trent Woods
Although it's possible to install solar panels by yourself, it requires extra effort and knowledge. Because of that, most people choose a solar panel installer. Another good thing about choosing a reputable solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Trent Woods
Factors that Affect Solar Panel Costs in Trent Woods
There are many factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,540 per kilowatt in Trent Woods. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Trent Woods average.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Trent Woods, and each can charge varying amounts for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $16,612 | 10.0 years |
| 8 kW | $2.59 | $14,508 | $22,433 | 9.8 years |
| 10 kW | $2.54 | $17,780 | $28,397 | 9.6 years |
| 12 kW | $2.49 | $20,909 | $34,503 | 9.4 years |
| 14 kW | $2.44 | $23,896 | $40,752 | 9.2 years |
| 16 kW | $2.39 | $26,741 | $47,142 | 9.0 years |
| 18 kW | $2.34 | $29,444 | $53,675 | 8.9 years |
| 20 kW | $2.29 | $32,004 | $60,350 | 8.7 years |
How to Save on Solar Panels
There are many companies available in Trent Woods, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as 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 high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
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 Trent Woods, NC Solar Cost FAQs
How much does it cost to install solar panels in Trent Woods?
This is a hard question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Trent Woods?
You can't get solar panels for free in Trent Woods. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Trent Woods?
Each state has some form 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 offer you credit toward your future power bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.