Solar Panel Cost Guide in Edenton, NC (2024 Update)
- Edenton Solar Installation Cost: $16,916
- 25-Year Savings: $28,235
- Payback Period: 10.4 Years
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Average Cost of Solar Panels in Edenton
Let’s have a look at the average cost of solar panels in Edenton.
The national average cost of solar panels is $2.66 per watt, but in Edenton it’s 4 per watt.Because a 6.9-kW system is needed to cover the energy needs of a typical home in Edenton, the average price of going solar will be about $16,916 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Edenton homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar panels is worth paying. On average Edenton homeowners see about $24,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar company in Edenton for a quote for your home.
Solar savings over time in Edenton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,438 |
| 3 years | $-12,481 |
| 5 years | $-9,523 |
| 7 years | $-6,566 |
| 9 years | $-3,609 |
| 11 years | $-652 |
| 13 years | $2,305 |
| 15 years | $5,262 |
| 17 years | $8,220 |
| 19 years | $11,177 |
| 21 years | $14,134 |
| 23 years | $17,091 |
| 25 years | $20,048 |
Top Solar Installers in Edenton
Trying to install solar panels yourself can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. Plus, if you’re not certain what type of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Edenton
Factors that Affect Solar Panel Costs in Edenton
The cost of installing a solar system in Edenton can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The model of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to think 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 into a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Edenton to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest.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 original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Edenton is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that offer a range of services for different budgets.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for 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 | $19,942 | 10.9 years |
| 8 kW | $3.58 | $20,049 | $26,982 | 10.7 years |
| 10 kW | $3.51 | $24,570 | $34,219 | 10.4 years |
| 12 kW | $3.44 | $28,894 | $41,653 | 10.2 years |
| 14 kW | $3.37 | $33,022 | $49,283 | 10.0 years |
| 16 kW | $3.30 | $36,953 | $57,110 | 9.8 years |
| 18 kW | $3.23 | $40,688 | $65,133 | 9.6 years |
| 20 kW | $3.16 | $44,226 | $73,353 | 9.4 years |
How to Save on Solar Panels
There are numerous companies to choose from in Edenton, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Edenton, NC Solar Cost FAQs
What is the average cost of installing solar panels in Edenton?
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 other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Edenton?
You can’t get solar panels for free in Edenton. 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 want to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Edenton is currently $234,128, so you can look forward to a value of about $9,599 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Edenton is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.