Solar Panel Cost Guide in Trent Woods, NC (2023 Update)
- Trent Woods Solar Installation Cost: $16,781
- 25-Year Savings: $19,396
- Payback Period: 13.3 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Trent Woods
Let's have a look at the average cost of solar in Trent Woods.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Trent Woods, the typical cost of solar panels is 2.54 per watt.Because a 6.8-kW system is needed to cover the energy needs of a typical home in Trent Woods, the average price of going solar will be about $12,144 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of installing solar panels can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with.For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $18,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Trent Woods that can help you get a more accurate cost estimate for your home.
Solar savings over time in Trent Woods
| Year | Return on Investment |
|---|---|
| 1 years | $-15,310 |
| 3 years | $-12,368 |
| 5 years | $-9,426 |
| 7 years | $-6,484 |
| 9 years | $-3,542 |
| 11 years | $-599 |
| 13 years | $2,343 |
| 15 years | $5,285 |
| 17 years | $8,227 |
| 19 years | $11,169 |
| 21 years | $14,112 |
| 23 years | $17,054 |
| 25 years | $19,996 |
Top Solar Installers in Trent Woods
Many homeowners opt for a solar panel company since trying to install solar panels yourself can be challenging. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over time.
If you're on the hunt for a solar company in Trent Woods, we've compiled a list of our top suggestions here:
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 Trent Woods
Factors that Affect Solar Panel Costs in Trent Woods
For many Trent Woods homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Trent Woods, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,540. The brand and type of equipment you get 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 come at a higher price 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 more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Trent Woods homeowners opt to finance their solar panel systems to make going solar more affordable.Although solar loans make going solar more accessible for Trent Woods homeowners, they can also add to 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
Finally, the company you opt for to install your solar panel system can play a role in determining your pricing. Trent Woods' solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Trent Woods are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $12,375 | 13.8 years |
| 8 kW | $3.58 | $20,049 | $16,893 | 13.6 years |
| 10 kW | $3.51 | $24,570 | $21,607 | 13.3 years |
| 12 kW | $3.44 | $28,894 | $26,518 | 13.0 years |
| 14 kW | $3.37 | $33,022 | $31,626 | 12.8 years |
| 16 kW | $3.30 | $36,953 | $36,930 | 12.5 years |
| 18 kW | $3.23 | $40,688 | $42,431 | 12.2 years |
| 20 kW | $3.16 | $44,226 | $48,128 | 12.0 years |
How to Save on Solar Panels
There are many companies to choose from in Trent Woods, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
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 Trent Woods, NC Solar Cost FAQs
How much does it cost to install solar panels in Trent Woods?
The average cost of solar panels in Trent Woods is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
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'd rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Trent Woods?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses 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 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.