Solar Panel Cost Guide in Boiling Springs, NC (2024 Update)
- Boiling Springs Solar Installation Cost: $16,719
- 25-Year Savings: $19,043
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Boiling Springs
We break down average solar pricing in Boiling Springs.
In Boiling Springs, solar panels cost about 4 per watt on average.Since a 6.8-kW system is needed to cover the energy needs of a typical home in Boiling Springs, the average price of going solar will be about $16,719 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of equipment you choose, your solar contractor and more.For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Boiling Springs see about $17,000 in savings on utility bills over 20 years.
To receive a free quote from a highly rated solar installation company in Boiling Springs, you can click the button below.
Solar savings over time in Boiling Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-15,397 |
| 3 years | $-12,753 |
| 5 years | $-10,108 |
| 7 years | $-7,464 |
| 9 years | $-4,820 |
| 11 years | $-2,176 |
| 13 years | $469 |
| 15 years | $3,113 |
| 17 years | $5,757 |
| 19 years | $8,401 |
| 21 years | $11,046 |
| 23 years | $13,690 |
| 25 years | $16,334 |
Top Solar Installers in Boiling Springs
Although you can install solar panels on your own, it involves extra energy and knowledge. That's one of the reasons most homeowners choose to hire a solar panel installer. Solar warranties and repairs are usually included in the cost of installation when you go with a solar contractor as well, which can save you more money over time.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some 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 Boiling Springs
Factors that Affect Solar Panel Costs in Boiling Springs
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Boiling Springs: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The kind of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Boiling Springs homeowners decide to finance their solar panel systems to make paying for solar more affordable.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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Boiling Springs, and each can charge varying amounts for labor and equipment.Additionally, some companies in Boiling Springs have more knowledge about local solar incentives and can help you learn about 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 | $3.65 | $15,332 | $12,128 | 14.0 years |
| 8 kW | $3.58 | $20,049 | $16,563 | 13.7 years |
| 10 kW | $3.51 | $24,570 | $21,196 | 13.4 years |
| 12 kW | $3.44 | $28,894 | $26,025 | 13.2 years |
| 14 kW | $3.37 | $33,022 | $31,050 | 12.9 years |
| 16 kW | $3.30 | $36,953 | $36,272 | 12.6 years |
| 18 kW | $3.23 | $40,688 | $41,690 | 12.3 years |
| 20 kW | $3.16 | $44,226 | $47,305 | 12.1 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: When reading over your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
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 Boiling Springs, NC Solar Cost FAQs
What is the average cost of installing solar panels in Boiling Springs?
The average cost of solar panels in Boiling Springs 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 stuff like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Boiling Springs?
You can’t get solar panels for free in Boiling Springs. 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’d rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Boiling Springs?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
How long do solar panels last in Boiling Springs?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use 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.