Solar Panel Cost Guide in Archdale, NC (2024 Update)
- Archdale Solar Installation Cost: $17,055
- 25-Year Savings: $19,820
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Archdale
Let’s take a look at the average cost of solar in Archdale.
While the national average of solar panels is $2.66 per watt, solar panels in Archdale generally cost around 4.Since a 6.9-kW system is needed to cover the energy usage of a typical home in Archdale, the average price of going solar will be about $17,055 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar panels you choose, your solar contractor and more.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Archdale see about $18,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar panel company in your area for a personalized quote.
Solar savings over time in Archdale
| Year | Return on Investment |
|---|---|
| 1 years | $-15,733 |
| 3 years | $-13,088 |
| 5 years | $-10,444 |
| 7 years | $-7,800 |
| 9 years | $-5,156 |
| 11 years | $-2,511 |
| 13 years | $133 |
| 15 years | $2,777 |
| 17 years | $5,421 |
| 19 years | $8,066 |
| 21 years | $10,710 |
| 23 years | $13,354 |
| 25 years | $15,998 |
Top Solar Installers in Archdale
When going solar, many homeowners choose to hire a solar installer since putting up a solar system yourself can be a difficult project. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you’d like to make the switch to solar but still aren’t sure which solar panel installer to go with, here are our recommendations for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Archdale
Factors that Affect Solar Panel Costs in Archdale
There are several criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,510. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Archdale homeowners decide to finance their solar panel systems to offset upfront costs.Though solar loans make going solar more accessible for Archdale homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can impact your pricing. Archdale’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $12,468 | 13.8 years |
| 8 kW | $3.58 | $20,049 | $17,018 | 13.5 years |
| 10 kW | $3.51 | $24,570 | $21,763 | 13.3 years |
| 12 kW | $3.44 | $28,894 | $26,706 | 13.0 years |
| 14 kW | $3.37 | $33,022 | $31,845 | 12.7 years |
| 16 kW | $3.30 | $36,953 | $37,180 | 12.5 years |
| 18 kW | $3.23 | $40,688 | $42,712 | 12.2 years |
| 20 kW | $3.16 | $44,226 | $48,441 | 11.9 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Installation Process: When making the switch to solar power, it’s essential to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the completion timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Archdale, NC Solar Cost FAQs
How much does it cost to install solar panels in Archdale?
The average cost of solar panels in Archdale 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $926.67 per year.
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 amount of 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 buy 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.