Solar Panel Cost Guide in Unionville, NC (Mar 2023)
- Unionville Solar Installation Cost: $12,055
- 25-Year Savings: $21,910
- Payback Period: 8.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Unionville
Find out what the average cost of solar panel installation is in Unionville.
In Unionville, solar panels cost about 2.54 per watt on average. The average Unionville homeowner needs a 6.8-kilowatt system, which would cost about $12,055 with the federal tax credit, or $17,239 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Unionville homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Despite the significant upfront cost, the average Unionville homeowner can save around $19,000 on their energy bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a highly rated solar panel company in Unionville for a custom quote.
Solar savings over time in Unionville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,696 |
| 3 years | $-7,979 |
| 5 years | $-5,262 |
| 7 years | $-2,545 |
| 9 years | $173 |
| 11 years | $2,890 |
| 13 years | $5,607 |
| 15 years | $8,324 |
| 17 years | $11,041 |
| 19 years | $13,759 |
| 21 years | $16,476 |
| 23 years | $19,193 |
| 25 years | $21,910 |
Top Solar Installers in Unionville
When switching to solar energy, many homeowners prefer to use a solar installation company since installing solar panels yourself can be a challenging project. A solar installer can also help save you money in the long run by offering warranties, repairs and component replacements.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Unionville
Factors that Affect Solar Panel Costs in Unionville
The cost of installing a solar system in Unionville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,540 per kilowatt in Unionville. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Unionville, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Unionville, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your overall costs, so it's important to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Companies that 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 at a higher cost. It's best to do some research and choose a company that has the products, warranties and services you want 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 | $2.64 | $11,095 | $18,965 | 9.2 years |
| 8 kW | $2.59 | $14,508 | $25,571 | 9.0 years |
| 10 kW | $2.54 | $17,780 | $32,319 | 8.9 years |
| 12 kW | $2.49 | $20,909 | $39,209 | 8.7 years |
| 14 kW | $2.44 | $23,896 | $46,242 | 8.5 years |
| 16 kW | $2.39 | $26,741 | $53,417 | 8.3 years |
| 18 kW | $2.34 | $29,444 | $60,734 | 8.2 years |
| 20 kW | $2.29 | $32,004 | $68,194 | 8.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Contract: Before signing a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
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 Unionville, NC Solar Cost FAQs
How much does it cost to install solar panels in Unionville?
The average cost of solar panels in Unionville 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 stuff like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Unionville?
Solar panels aren't free in Unionville, 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.
Do solar panels increase the value of your home?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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.