Solar Panel Cost Guide in Pinehurst, TX (Mar 2023)
- Pinehurst Solar Installation Cost: $14,480
- 25-Year Savings: $22,820
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Pinehurst
Let's take a look at the average cost of solar panels in Pinehurst.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pinehurst, the average cost of a solar system is 2.69 per watt. The average solar panel system size in Pinehurst is around 7.7 kilowatts, meaning a cost of about $14,480 for a solar installation, or $20,706 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Pinehurst homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the high upfront cost, the average Pinehurst homeowner can save about $18,000 on their power bills over 20 years, which is one of the perks of solar.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Pinehurst
| Year | Return on Investment |
|---|---|
| 1 years | $-12,988 |
| 3 years | $-10,004 |
| 5 years | $-7,020 |
| 7 years | $-4,036 |
| 9 years | $-1,052 |
| 11 years | $1,932 |
| 13 years | $4,916 |
| 15 years | $7,900 |
| 17 years | $10,884 |
| 19 years | $13,868 |
| 21 years | $16,852 |
| 23 years | $19,836 |
| 25 years | $22,820 |
Top Solar Installers in Pinehurst
Installing solar panels on your own can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Pinehurst
Factors that Affect Solar Panel Costs in Pinehurst
Though the average cost of a solar system in Pinehurst is $14,480, your final cost may differ. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, 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 about $2,690. There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Pinehurst provide solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also increases your all-in costs, so it's important to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Pinehurst is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different costs. You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions 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 | $2.80 | $11,750 | $17,354 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,439 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,676 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,063 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,601 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,289 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,128 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,118 | 8.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: If you're concerned about the durability of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before deciding.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Pinehurst, TX Solar Cost FAQs
What is the average cost of installing solar panels in Pinehurst?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Pinehurst?
You can't get solar panels for free in Pinehurst. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact the value of my home?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.