Solar Panel Cost Guide in Walkertown, NC (2023 Update)
- Walkertown Solar Installation Cost: $12,393
- 25-Year Savings: $17,849
- Payback Period: 10.3 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 Walkertown
We break down average solar pricing in Walkertown.
The national average cost of solar panels is $2.66 per watt, but in Walkertown it's 2.54 per watt. To account for the typical energy usage of the average home in Walkertown, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,393, or $17,722 before the federal solar tax credit of 30% is applied.
The true cost of your system can go higher or lower than the average in Walkertown depending on several factors, such as the brand of solar panels you choose and the solar company you hire. Many homeowners find going solar is a rewarding investment. The average homeowner in Walkertown can save about $16,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Walkertown for a quote for your home.
Solar savings over time in Walkertown
| Year | Return on Investment |
|---|---|
| 1 years | $-11,183 |
| 3 years | $-8,764 |
| 5 years | $-6,344 |
| 7 years | $-3,925 |
| 9 years | $-1,506 |
| 11 years | $914 |
| 13 years | $3,333 |
| 15 years | $5,752 |
| 17 years | $8,172 |
| 19 years | $10,591 |
| 21 years | $13,010 |
| 23 years | $15,430 |
| 25 years | $17,849 |
Top Solar Installers in Walkertown
Trying to install solar panels yourself can be a time-consuming task, which is why getting a solar installer is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
You can work with a local solar installer to get a free estimate 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
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 Walkertown
Factors that Affect Solar Panel Costs in Walkertown
For many Walkertown homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Walkertown, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Walkertown, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,540 for each additional kilowatt you need. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Walkertown provide solar loans, which reduce the initial cost of installing solar. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, 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 hire to install your solar system can impact the cost. Walkertown's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $14,920 | 10.7 years |
| 8 kW | $2.59 | $14,508 | $20,178 | 10.5 years |
| 10 kW | $2.54 | $17,780 | $25,578 | 10.3 years |
| 12 kW | $2.49 | $20,909 | $31,121 | 10.0 years |
| 14 kW | $2.44 | $23,896 | $36,805 | 9.8 years |
| 16 kW | $2.39 | $26,741 | $42,632 | 9.6 years |
| 18 kW | $2.34 | $29,444 | $48,601 | 9.4 years |
| 20 kW | $2.29 | $32,004 | $54,713 | 9.2 years |
How to Save on Solar Panels
There are a lot of companies available in Walkertown, 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 carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- 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 impacts which solar panel brands you have access to.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Walkertown, NC Solar Cost FAQs
What is the average cost of installing solar panels in Walkertown?
The average cost of solar panels in Walkertown is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will solar panels impact my home value?
Solar panels can increase the value of your home significantly 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% after installing a solar system."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.