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 average cost of solar panels in Creedmoor is 4 per watt.The average Creedmoor homeowner needs a 7.0-kilowatt system, which would cost about $17,284 with the federal tax credit, or $24,716 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Creedmoor homeowners. The price 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.With average savings of about $17,000 on energy bills over 20 years, many homeowners in Creedmoor find investing in solar can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in Creedmoor that can help you get a more accurate cost estimate for your home.
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 panel company since installing solar panels yourself can be challenging. Some solar installers, especially local ones, can help you better understand incentives in Creedmoor, therefore optimizing your ROI.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Creedmoor:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Creedmoor
Factors that Affect Solar Panel Costs in Creedmoor
Even though the average cost of a solar system in Creedmoor is $17,284, your final cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,510.The brand and type of equipment you want 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 a small roof 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
Most solar installers in Creedmoor provide solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of loans, including the total 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that provides the products, warranties and services you want and also fits within your budget.
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 a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Creedmoor, NC Solar Cost FAQs
How much does it cost to install solar panels in Creedmoor?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Creedmoor?
Solar panels aren’t free in Creedmoor, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Creedmoor?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Creedmoor?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can 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.