Solar Panel Cost Guide in Eastover, NC (2024 Update)
- Eastover Solar Installation Cost: $16,952
- 25-Year Savings: $21,111
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Eastover
Find out what the average cost of a solar system is in Eastover.
While the national average of solar panels is $2.66 per watt, solar panels in Eastover generally cost around 4.Using this figure, a typical 6.9-kW system would cost about $16,952 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of solar system you want to get, your solar contractor and more.With typical savings of about $18,000 on power bills over 20 years, many homeowners in Eastover find installing solar panels can be quite rewarding.
You can click the button below to get connected with a top solar company in Eastover for a quote for your home.
Solar savings over time in Eastover
| Year | Return on Investment |
|---|---|
| 1 years | $-15,481 |
| 3 years | $-12,539 |
| 5 years | $-9,596 |
| 7 years | $-6,654 |
| 9 years | $-3,712 |
| 11 years | $-770 |
| 13 years | $2,172 |
| 15 years | $5,114 |
| 17 years | $8,057 |
| 19 years | $10,999 |
| 21 years | $13,941 |
| 23 years | $16,883 |
| 25 years | $19,825 |
Top Solar Installers in Eastover
Installing solar panels by yourself can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. The expertise that solar companies offer can be valuable as well, especially if you aren’t sure what brand of solar equipment you need.
If you're on the hunt for a solar installer in Eastover, the EcoWatch team has organized a list of our top suggestions here:
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 Eastover
Factors that Affect Solar Panel Costs in Eastover
There are many criteria that can influence your 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 for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,510. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Eastover homeowners choose to finance their solar panel systems to offset upfront costs.Although solar loans make switching to solar energy more accessible for Eastover homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. 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 influence how much you pay. Eastover’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that 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 cost more. It’s best to do some research and choose a company that provides the products, warranties and services you want and also fit into 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 | $13,695 | 13.2 years |
| 8 kW | $3.58 | $20,049 | $18,653 | 13.0 years |
| 10 kW | $3.51 | $24,570 | $23,807 | 12.7 years |
| 12 kW | $3.44 | $28,894 | $29,159 | 12.4 years |
| 14 kW | $3.37 | $33,022 | $34,706 | 12.2 years |
| 16 kW | $3.30 | $36,953 | $40,451 | 11.9 years |
| 18 kW | $3.23 | $40,688 | $46,391 | 11.7 years |
| 20 kW | $3.16 | $44,226 | $52,529 | 11.4 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose greatly affects your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: When making the switch to solar, it’s necessary to maintain an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project 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 Eastover, NC Solar Cost FAQs
What is the average cost of installing solar panels in Eastover?
This is a tough question to answer exactly, because the cost depends on many 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. You can expect to pay more 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 choose a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Eastover?
Each state has some kind 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 power bills.
How long do solar panels last in Eastover?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.