Solar Panel Cost Guide in Burgaw, NC (2024 Update)
- Burgaw Solar Installation Cost: $16,546
- 25-Year Savings: $21,569
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Burgaw
See how much it might cost to make the switch to solar in Burgaw.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Burgaw, the typical cost of solar panels is 4 per watt.Using this figure, a typical 6.7-kW system would cost about $16,546 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will vary based on factors unique to your home and what company you go with.Despite the high upfront cost, the average Burgaw homeowner can save around $19,000 on their energy bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a top solar company in Burgaw for a personalized estimate.
Solar savings over time in Burgaw
Year | Return on Investment |
---|---|
1 years | $-15,075 |
3 years | $-12,133 |
5 years | $-9,191 |
7 years | $-6,249 |
9 years | $-3,306 |
11 years | $-364 |
13 years | $2,578 |
15 years | $5,520 |
17 years | $8,462 |
19 years | $11,405 |
21 years | $14,347 |
23 years | $17,289 |
25 years | $20,231 |
Top Solar Installers in Burgaw
Although it's possible to install solar panels on your own, it takes extra effort and knowledge. That's why most homeowners choose to go with a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Burgaw:
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 Burgaw
Factors that Affect Solar Panel Costs in Burgaw
Even though the average cost of a solar system in Burgaw is $16,546, your actual cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy 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 spend around $3,510 per kilowatt in Burgaw.The model of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. 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 looking for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Burgaw, which can lower, or in some cases eliminate, your upfront costs to make 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’re only able to 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 securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can play a role in determining how much you pay. Burgaw’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 due to their bigger brand name and access to bulk 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 | $3.65 | $15,332 | $14,553 | 12.8 years |
8 kW | $3.58 | $20,049 | $19,798 | 12.6 years |
10 kW | $3.51 | $24,570 | $25,239 | 12.3 years |
12 kW | $3.44 | $28,894 | $30,876 | 12.1 years |
14 kW | $3.37 | $33,022 | $36,710 | 11.8 years |
16 kW | $3.30 | $36,953 | $42,740 | 11.6 years |
18 kW | $3.23 | $40,688 | $48,968 | 11.3 years |
20 kW | $3.16 | $44,226 | $55,391 | 11.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in Burgaw, 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: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Burgaw, NC Solar Cost FAQs
What is the average cost of installing solar panels in Burgaw?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $17,550 for a 5-kW system and $35,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Burgaw?
Leasing solar panels can be an option if you can’t 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 solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Burgaw, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.