Solar Panel Cost Guide in Winterville, NC (2024 Update)
- Winterville Solar Installation Cost: $17,164
- 25-Year Savings: $21,251
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Winterville
Let’s take a look at the average cost of solar panels in Winterville.
The average cost of a solar panel system in Winterville is 4 per watt.Since a 7.0-kW system is needed to cover the energy needs of a typical home in Winterville, the average price of going solar will be about $17,164 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of solar system you want to get, your solar contractor and more.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Winterville can save about $18,000 on their energy bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Winterville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,693 |
| 3 years | $-12,751 |
| 5 years | $-9,809 |
| 7 years | $-6,867 |
| 9 years | $-3,924 |
| 11 years | $-982 |
| 13 years | $1,960 |
| 15 years | $4,902 |
| 17 years | $7,844 |
| 19 years | $10,787 |
| 21 years | $13,729 |
| 23 years | $16,671 |
| 25 years | $19,613 |
Top Solar Installers in Winterville
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Taking advantage of a solar company can make swapping over to solar power much easier. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you're searching for a solar company in Winterville, we've compiled 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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Winterville
Factors that Affect Solar Panel Costs in Winterville
For many Winterville homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Winterville, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over 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 greater efficiency or power generation need 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 $3,510.The model of solar panels and equipment you choose is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions 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 researching a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Winterville have solar loans, which reduce your upfront costs of installing solar.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Winterville, and each can charge different amounts for labor and equipment.Additionally, some companies in Winterville are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $13,588 | 13.3 years |
| 8 kW | $3.58 | $20,049 | $18,511 | 13.0 years |
| 10 kW | $3.51 | $24,570 | $23,630 | 12.7 years |
| 12 kW | $3.44 | $28,894 | $28,946 | 12.5 years |
| 14 kW | $3.37 | $33,022 | $34,458 | 12.2 years |
| 16 kW | $3.30 | $36,953 | $40,167 | 12.0 years |
| 18 kW | $3.23 | $40,688 | $46,072 | 11.7 years |
| 20 kW | $3.16 | $44,226 | $52,174 | 11.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the company 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 tips to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Winterville, NC Solar Cost FAQs
How much does it cost to install solar panels in Winterville?
The average cost of solar panels in Winterville is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Winterville?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
How long do solar panels last in Winterville?
Although 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 their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use 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.