Solar Panel Cost Guide in Pinehurst, TX (2024 Update)
- Pinehurst Solar Installation Cost: $17,925
- 25-Year Savings: $22,820
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Pinehurst
Let’s have a look at the average cost of solar panels in Pinehurst.
The national average cost of solar panels is $2.66 per watt, but in Pinehurst it’s 3 per watt.Using this figure, a typical 7.7-kW system would cost about $17,925 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Pinehurst 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.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $18,000 in savings on utility bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Pinehurst
| Year | Return on Investment |
|---|---|
| 1 years | $-16,626 |
| 3 years | $-14,029 |
| 5 years | $-11,432 |
| 7 years | $-8,835 |
| 9 years | $-6,238 |
| 11 years | $-3,641 |
| 13 years | $-1,044 |
| 15 years | $1,554 |
| 17 years | $4,151 |
| 19 years | $6,748 |
| 21 years | $9,345 |
| 23 years | $11,942 |
| 25 years | $14,539 |
Top Solar Installers in Pinehurst
When making the switch to solar, many homeowners opt to go with a solar installation company since DIY solar panel installation can be a difficult project. Some solar installers, especially local ones, can help you take advantage of incentives in Pinehurst, thereby optimizing your ROI.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Pinehurst
Factors that Affect Solar Panel Costs in Pinehurst
For many Pinehurst homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Pinehurst, 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
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 uses, the larger your system will likely need to be. You can expect to pay about $3,330 per kilowatt in Pinehurst.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Pinehurst, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in Pinehurst, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.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 the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Pinehurst, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Pinehurst know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $3.46 | $14,545 | $14,558 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,784 | 12.3 years |
| 10 kW | $3.33 | $23,310 | $25,196 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,794 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,580 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,551 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,709 | 11.1 years |
| 20 kW | $3.00 | $41,958 | $55,054 | 10.8 years |
How to Save on Solar Panels
There are many companies available in Pinehurst, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a good 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 satisfied reviews from previous customers.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Pinehurst, TX Solar Cost FAQs
What is the average cost of installing solar panels in Pinehurst?
The average cost of solar panels in Pinehurst is about $16,650 for a 5-kW system and $33,300 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 consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $970.12 per year.
How often do you have to replace solar panels?
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 decide 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.