Solar Panel Cost Guide in Weddington, NC (2023 Update)
- Weddington Solar Installation Cost: $12,090
- 25-Year Savings: $19,985
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Weddington
Find out what the average cost of solar panel installation is in Weddington.
Although the national average of solar panels is $2.66 per watt, solar panels in Weddington generally cost around 2.54. To account for the typical energy needs of the average home in Weddington, most homeowners require a 6.8-kilowatt system. Using the figure above, a solar installation costs around $12,090, or $17,289 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of going solar can vary based on a few factors, such as what size system you need, your energy consumption and what installation company you go with. For many homeowners, the upfront investment in solar is worth paying. On average homeowners in Weddington see about $18,000 in savings on energy bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Weddington
| Year | Return on Investment |
|---|---|
| 1 years | $-10,807 |
| 3 years | $-8,241 |
| 5 years | $-5,675 |
| 7 years | $-3,109 |
| 9 years | $-543 |
| 11 years | $2,023 |
| 13 years | $4,589 |
| 15 years | $7,155 |
| 17 years | $9,721 |
| 19 years | $12,287 |
| 21 years | $14,853 |
| 23 years | $17,419 |
| 25 years | $19,985 |
Top Solar Installers in Weddington
When making the switch to solar, many homeowners opt to use a solar installer since putting up a solar system yourself can be a difficult project. Plus, if you're unsure what type of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
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 near you:
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 Weddington
Factors that Affect Solar Panel Costs in Weddington
Although the average cost of a solar system in Weddington is $12,090, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar panel system you need for your household, 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 around $2,540. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Weddington, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Weddington, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your overall costs, so it's crucial to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you select will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies undercut 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 vehicle 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 | $17,199 | 9.8 years |
| 8 kW | $2.59 | $14,508 | $23,217 | 9.6 years |
| 10 kW | $2.54 | $17,780 | $29,377 | 9.4 years |
| 12 kW | $2.49 | $20,909 | $35,679 | 9.2 years |
| 14 kW | $2.44 | $23,896 | $42,123 | 9.0 years |
| 16 kW | $2.39 | $26,741 | $48,709 | 8.9 years |
| 18 kW | $2.34 | $29,444 | $55,438 | 8.7 years |
| 20 kW | $2.29 | $32,004 | $62,309 | 8.5 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed 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 Weddington, NC Solar Cost FAQs
What is the average cost of installing solar panels in Weddington?
This is a tough question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want other 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 choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Weddington is currently $366,957, so you can expect a value of about $15,045 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Weddington is a rewarding investment.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires 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 home 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.