Solar Panel Cost Guide in Wrightsboro, NC (Mar 2023)
- Wrightsboro Solar Installation Cost: $11,326
- 25-Year Savings: $21,436
- Payback Period: 8.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wrightsboro
Find out how much it might cost to switch to solar power in Wrightsboro.
While the national average of solar panels is $2.66 per watt, solar panels in Wrightsboro typically cost around 2.54. Since a 6.4-kW system is needed to cover the energy needs of a typical home in Wrightsboro, the average price of going solar will be about $11,326 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and how much solar costs for you will most likely vary based on your specific situation and what company you choose to go with. Even with the large initial cost, the average Wrightsboro homeowner can save about $20,000 on their electricity bills over 20 years, which is one of the benefits of solar.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Wrightsboro
| Year | Return on Investment |
|---|---|
| 1 years | $-10,015 |
| 3 years | $-7,394 |
| 5 years | $-4,774 |
| 7 years | $-2,153 |
| 9 years | $468 |
| 11 years | $3,089 |
| 13 years | $5,710 |
| 15 years | $8,331 |
| 17 years | $10,952 |
| 19 years | $13,573 |
| 21 years | $16,194 |
| 23 years | $18,815 |
| 25 years | $21,436 |
Top Solar Installers in Wrightsboro
Trying to install solar panels on your own can be a time-consuming project, which is why getting a solar installer is a good option for many homeowners. Another upside of working with a solar installer is that they can help you make the most of your ROI by lowering your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
There are a number of 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 (coming 2022)
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 Wrightsboro
Factors that Affect Solar Panel Costs in Wrightsboro
The cost of installing a solar system in Wrightsboro can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. 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. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Wrightsboro, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Wrightsboro to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time because of interest. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can impact your pricing. Wrightsboro's solar companies all have different labor costs and add varying upcharges to 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 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 | $19,755 | 9.0 years |
| 8 kW | $2.59 | $14,508 | $26,625 | 8.8 years |
| 10 kW | $2.54 | $17,780 | $33,637 | 8.6 years |
| 12 kW | $2.49 | $20,909 | $40,791 | 8.5 years |
| 14 kW | $2.44 | $23,896 | $48,087 | 8.3 years |
| 16 kW | $2.39 | $26,741 | $55,525 | 8.1 years |
| 18 kW | $2.34 | $29,444 | $63,106 | 8.0 years |
| 20 kW | $2.29 | $32,004 | $70,829 | 7.8 years |
How to Save on Solar Panels
There are many companies available in Wrightsboro, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The kind of solar panel you need plays a role in which installer you should go with, since different companies provide different panels.
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two 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.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Wrightsboro, NC Solar Cost FAQs
What is the average cost of installing solar panels in Wrightsboro?
The average cost of solar panels in Wrightsboro is about $12,700 for a 5-kW system and $25,400 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Wrightsboro?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can you sell solar power back to the grid in Wrightsboro?
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 give you credit toward your future power bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.