Solar Panel Cost Guide in Wendell, NC (2024 Update)
- Wendell Solar Installation Cost: $17,183
- 25-Year Savings: $20,679
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Wendell
Let’s take a look at the average cost of solar in Wendell.
The average cost of a solar system in Wendell is 4 per watt.Since a 7.0-kW system is needed to cover the energy costs of a typical home in Wendell, the average price of going solar will be about $17,183 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar panels you want, your solar contractor and more.For most homeowners, the upfront cost of solar power is worth paying. On average Wendell homeowners see about $18,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Wendell that can help you get a more accurate cost estimate for your home.
Solar savings over time in Wendell
| Year | Return on Investment |
|---|---|
| 1 years | $-15,712 |
| 3 years | $-12,770 |
| 5 years | $-9,828 |
| 7 years | $-6,885 |
| 9 years | $-3,943 |
| 11 years | $-1,001 |
| 13 years | $1,941 |
| 15 years | $4,883 |
| 17 years | $7,825 |
| 19 years | $10,768 |
| 21 years | $13,710 |
| 23 years | $16,652 |
| 25 years | $19,594 |
Top Solar Installers in Wendell
Trying to put up solar panels by yourself can be a dangerous project, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you’d like to maximize your investment in solar power, opting for a solar company can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
If you're searching for a solar installer in Wendell, we've put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Wendell
Factors that Affect Solar Panel Costs in Wendell
For many Wendell homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Wendell, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Wendell average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over five to seven years on average.It’s wise to add 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
The solar installer you hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Wendell, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.65 | $15,332 | $13,077 | 13.5 years |
| 8 kW | $3.58 | $20,049 | $17,830 | 13.2 years |
| 10 kW | $3.51 | $24,570 | $22,779 | 13.0 years |
| 12 kW | $3.44 | $28,894 | $27,924 | 12.7 years |
| 14 kW | $3.37 | $33,022 | $33,266 | 12.5 years |
| 16 kW | $3.30 | $36,953 | $38,804 | 12.2 years |
| 18 kW | $3.23 | $40,688 | $44,539 | 11.9 years |
| 20 kW | $3.16 | $44,226 | $50,471 | 11.7 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 find the right company for you, here are some tips to keep in mind:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Wendell, NC Solar Cost FAQs
How much does it cost to install solar panels in Wendell?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,550 for a 5-kW system and $35,100 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Wendell?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for 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 typically produce about 250 to 400 watt-hours per hour, the average house 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.