Solar Panel Cost Guide in Wilson, NC (2024 Update)
- Wilson Solar Installation Cost: $17,239
- 25-Year Savings: $21,686
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Wilson
Let’s have a look at the average cost of solar panels in Wilson.
In Wilson, solar panels cost about 4 per watt on average.Since a 7.0-kW system is needed to cover the energy usage of a typical home in Wilson, the average price of going solar will be about $17,239 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 use, the type of solar panels you want to get, your solar contractor and more.Many homeowners find going solar is a solid investment. The average homeowner in Wilson can save around $19,000 on their electricity bills over 20 years.
To get a free quote from a top solar company in Wilson, you can click the button below.
Solar savings over time in Wilson
| Year | Return on Investment |
|---|---|
| 1 years | $-15,765 |
| 3 years | $-12,818 |
| 5 years | $-9,870 |
| 7 years | $-6,922 |
| 9 years | $-3,975 |
| 11 years | $-1,027 |
| 13 years | $1,920 |
| 15 years | $4,868 |
| 17 years | $7,815 |
| 19 years | $10,763 |
| 21 years | $13,711 |
| 23 years | $16,658 |
| 25 years | $19,606 |
Top Solar Installers in Wilson
Installing solar panels by yourself can be a stressful project, which is why getting a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance in the long run.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Wilson:
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 Wilson
Factors that Affect Solar Panel Costs in Wilson
Though the average cost of a solar system in Wilson is $17,239, your actual cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar energy 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, you can expect your total to increase by nearly $3,510. There are a lot of different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Wilson, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.Though solar loans make switching to solar energy more accessible for Wilson 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can influence your pricing. Wilson’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Wilson are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $13,881 | 13.1 years |
| 8 kW | $3.58 | $20,049 | $18,901 | 12.9 years |
| 10 kW | $3.51 | $24,570 | $24,118 | 12.6 years |
| 12 kW | $3.44 | $28,894 | $29,532 | 12.4 years |
| 14 kW | $3.37 | $33,022 | $35,141 | 12.1 years |
| 16 kW | $3.30 | $36,953 | $40,948 | 11.9 years |
| 18 kW | $3.23 | $40,688 | $46,951 | 11.6 years |
| 20 kW | $3.16 | $44,226 | $53,150 | 11.4 years |
How to Save on Solar Panels
There are a large number of companies available in Wilson, 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:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- 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 the EcoWatch team.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
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 Wilson, NC Solar Cost FAQs
What is the average cost of installing solar panels in Wilson?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $17,550 for a 5-kW system and $35,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive 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 factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Wilson?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Wilson?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.