Solar Panel Cost Guide in Walkertown, NC (2024 Update)
- Walkertown Solar Installation Cost: $17,137
- 25-Year Savings: $17,841
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Walkertown
Here’s how much it might cost to go solar in Walkertown.
In Walkertown, solar panels cost about 4 per watt on average.Using this figure, a typical 7.0-kW system would cost about $17,137 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Walkertown homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $16,000 over 20 years on energy bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Walkertown
| Year | Return on Investment |
|---|---|
| 1 years | $-15,815 |
| 3 years | $-13,171 |
| 5 years | $-10,526 |
| 7 years | $-7,882 |
| 9 years | $-5,238 |
| 11 years | $-2,594 |
| 13 years | $51 |
| 15 years | $2,695 |
| 17 years | $5,339 |
| 19 years | $7,983 |
| 21 years | $10,627 |
| 23 years | $13,272 |
| 25 years | $15,916 |
Top Solar Installers in Walkertown
Many homeowners opt for a solar panel company since installing solar panels on your own can be challenging. Some solar companies, particularly local ones, can help you better understand incentives in Walkertown, optimizing your ROI.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Walkertown:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Walkertown: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
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 power your household consumes, the larger your system will likely need to be. You can expect to spend about $3,510 per kilowatt in Walkertown.The brand and type of equipment you want 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 have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space 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. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Walkertown, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.Though solar loans make going solar more accessible for Walkertown homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies in Walkertown, and each can charge varying amounts for labor and equipment.Additionally, some companies in Walkertown have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $10,683 | 14.7 years |
| 8 kW | $3.58 | $20,049 | $14,638 | 14.5 years |
| 10 kW | $3.51 | $24,570 | $18,788 | 14.2 years |
| 12 kW | $3.44 | $28,894 | $23,136 | 13.9 years |
| 14 kW | $3.37 | $33,022 | $27,680 | 13.6 years |
| 16 kW | $3.30 | $36,953 | $32,420 | 13.3 years |
| 18 kW | $3.23 | $40,688 | $37,357 | 13.0 years |
| 20 kW | $3.16 | $44,226 | $42,491 | 12.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Contract: Before signing a contract with a solar company, be sure to look it over carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: If you’re worried about the longevity of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
How much does it cost to install solar panels in Walkertown?
The average cost of solar panels in Walkertown is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Walkertown?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $867.17 per year.
What solar power system size is right for 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 take a 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 get between 20 and 35 panels to account for 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.