Solar Panel Cost Guide in Wallburg, NC (2023 Update)
- Wallburg Solar Installation Cost: $12,268
- 25-Year Savings: $19,795
- Payback Period: 9.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wallburg
Find out what the average cost of a solar system is in Wallburg.
In Wallburg, solar panels cost about 2.54 per watt on average. Since a 6.9-kW system is needed to cover the energy costs of a typical home in Wallburg, the average price of going solar will be about $12,268 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average energy use of Wallburg homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find adopting solar power is a solid investment. The average homeowner in Wallburg can save around $18,000 on their electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Wallburg
| Year | Return on Investment |
|---|---|
| 1 years | $-10,986 |
| 3 years | $-8,421 |
| 5 years | $-5,856 |
| 7 years | $-3,290 |
| 9 years | $-725 |
| 11 years | $1,840 |
| 13 years | $4,405 |
| 15 years | $6,970 |
| 17 years | $9,535 |
| 19 years | $12,100 |
| 21 years | $14,665 |
| 23 years | $17,230 |
| 25 years | $19,795 |
Top Solar Installers in Wallburg
Although it's possible to install solar panels by yourself, it requires extra time and know-how. Because of that, the majority of homeowners choose to go with a solar panel installer. The expertise that solar companies provide can be helpful as well, especially if you don't quite know what brand of solar equipment you need.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Wallburg
Factors that Affect Solar Panel Costs in Wallburg
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Wallburg: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,540. The model of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Wallburg, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Wallburg is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for example, you'll have no shortage of solar installers that offer a range of services for different budgets. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $16,782 | 9.9 years |
| 8 kW | $2.59 | $14,508 | $22,661 | 9.8 years |
| 10 kW | $2.54 | $17,780 | $28,682 | 9.6 years |
| 12 kW | $2.49 | $20,909 | $34,845 | 9.4 years |
| 14 kW | $2.44 | $23,896 | $41,150 | 9.2 years |
| 16 kW | $2.39 | $26,741 | $47,598 | 9.0 years |
| 18 kW | $2.34 | $29,444 | $54,188 | 8.8 years |
| 20 kW | $2.29 | $32,004 | $60,920 | 8.6 years |
How to Save on Solar Panels
There are numerous companies to choose from in Wallburg, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Solar Panel Brands: The kind of solar panel you'd like plays a role in which company you should opt for, since different companies offer different panels.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Warranty: If you're concerned about the endurance of your solar system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Wallburg, NC Solar Cost FAQs
What is the average cost of installing solar panels in Wallburg?
This is a hard question to answer precisely, because the cost depends on many 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. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Wallburg?
Solar panels aren't free in Wallburg, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels eliminate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Wallburg, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Wallburg?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.