Solar Panel Cost Guide in Creedmoor, NC (2024 Update)
- Creedmoor Solar Installation Cost: $17,284
- 25-Year Savings: $19,365
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Creedmoor
Let’s have a look at the average cost of solar panels in Creedmoor.
The national average cost of solar panels is $2.66 per watt, but in Creedmoor it’s 4 per watt.To account for the typical energy usage of the average home in Creedmoor, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs about $17,284, or $24,716 before the federal solar tax credit of 0 is applied.
The true cost of your system can go above or below the average in Creedmoor depending on a few factors, such as the model of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average Creedmoor homeowners see about $17,000 in savings on energy bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Creedmoor
| Year | Return on Investment |
|---|---|
| 1 years | $-15,813 |
| 3 years | $-12,871 |
| 5 years | $-9,929 |
| 7 years | $-6,987 |
| 9 years | $-4,044 |
| 11 years | $-1,102 |
| 13 years | $1,840 |
| 15 years | $4,782 |
| 17 years | $7,724 |
| 19 years | $10,666 |
| 21 years | $13,609 |
| 23 years | $16,551 |
| 25 years | $19,493 |
Top Solar Installers in Creedmoor
Many homeowners opt for a solar installer since figuring out how to install solar panels on your own can be a labor-intensive endeavor. Plus, if you’d like to maximize your investment in solar energy, using a solar installer can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
If you’d like to start using solar energy but still aren’t sure which solar company to go with, here are our recommendations for providers near you:
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 Creedmoor
Factors that Affect Solar Panel Costs in Creedmoor
The cost of installing a solar system in Creedmoor can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you pick also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Creedmoor to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Creedmoor, you’ll have many options to choose from, but each comes at various price points for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment 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 | $3.65 | $15,332 | $11,853 | 14.1 years |
| 8 kW | $3.58 | $20,049 | $16,197 | 13.8 years |
| 10 kW | $3.51 | $24,570 | $20,737 | 13.6 years |
| 12 kW | $3.44 | $28,894 | $25,474 | 13.3 years |
| 14 kW | $3.37 | $33,022 | $30,408 | 13.0 years |
| 16 kW | $3.30 | $36,953 | $35,538 | 12.7 years |
| 18 kW | $3.23 | $40,688 | $40,865 | 12.5 years |
| 20 kW | $3.16 | $44,226 | $46,388 | 12.2 years |
How to Save on Solar Panels
There are many 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:
- 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 considerable role in the company you go with.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Contract: Before signing a contract with a solar installer, make sure you read it through carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Creedmoor, NC Solar Cost FAQs
How much does it cost to install solar panels in Creedmoor?
The average cost of solar panels in Creedmoor is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Creedmoor?
You can’t get solar panels for free in Creedmoor. However, you may still be able to install 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.
Is making the switch to solar worth it?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
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 are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had 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.