Solar Panel Cost Guide in Wrightsboro, NC (2023 Update)
- Wrightsboro Solar Installation Cost: $11,329
- 25-Year Savings: $21,433
- Payback Period: 8.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Wrightsboro
Let's have a look at the average cost of solar panels in Wrightsboro.
While the national average of solar panels is $2.66 per watt, solar panels in Wrightsboro typically cost about 2.54. To cover the typical energy usage of the average home in Wrightsboro, most homeowners require a 6.4-kilowatt system. Using the figure above, a solar installation costs around $11,326, or $16,196 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Wrightsboro homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. With average savings of about $20,000 on electricity bills over 20 years, many homeowners in Wrightsboro find investing in solar can pay off big.
Click the button below to get connected to a vetted solar panel company in your area for a custom quote.
Solar savings over time in Wrightsboro
| Year | Return on Investment |
|---|---|
| 1 years | $-9,858 |
| 3 years | $-6,916 |
| 5 years | $-3,974 |
| 7 years | $-1,031 |
| 9 years | $1,911 |
| 11 years | $4,853 |
| 13 years | $7,795 |
| 15 years | $10,737 |
| 17 years | $13,680 |
| 19 years | $16,622 |
| 21 years | $19,564 |
| 23 years | $22,506 |
| 25 years | $25,448 |
Top Solar Installers in Wrightsboro
Putting up solar panels by yourself can be a difficult task, which is why getting a solar installer is a good option for many homeowners. Another perk of utilizing a solar company is that they can help you make the most of your investment 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.
If you're searching for a solar company in Wrightsboro, 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
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
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Wrightsboro: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $2,540 per kilowatt in Wrightsboro. 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. In addition, 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
If paying for solar panels out of pocket is difficult, solar loans are a popular option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can impact your pricing. Wrightsboro's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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
Since the kind of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and model has 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.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
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 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.