Solar Panel Cost Guide in Farmville, NC (2024 Update)
- Farmville Solar Installation Cost: $17,164
- 25-Year Savings: $20,922
- Payback Period: 12.9 Years
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Average Cost of Solar Panels in Farmville
We go over average solar pricing in Farmville.
In Farmville, solar panels cost about 4 per watt on average.Because a 7.0-kW system is needed to cover the energy costs of a typical home in Farmville, the average price of going solar will be about $17,164 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of making the switch to solar can vary quite a bit based on a few factors, such as what size system you need, your energy consumption and what solar installer you go with.Even with the large upfront cost, the average Farmville homeowner can save around $18,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar company in Farmville for a quote for your home.
Solar savings over time in Farmville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,693 |
| 3 years | $-12,751 |
| 5 years | $-9,809 |
| 7 years | $-6,867 |
| 9 years | $-3,924 |
| 11 years | $-982 |
| 13 years | $1,960 |
| 15 years | $4,902 |
| 17 years | $7,844 |
| 19 years | $10,787 |
| 21 years | $13,729 |
| 23 years | $16,671 |
| 25 years | $19,613 |
Top Solar Installers in Farmville
When making the switch to solar, many homeowners opt to go with a solar company since putting up a solar system yourself can be a time-consuming project. Some solar companies, especially local ones, can help you better understand incentives in Farmville, optimizing your ROI.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Farmville
Factors that Affect Solar Panel Costs in Farmville
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Farmville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar system in Farmville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by around $3,510 for each additional kilowatt you need.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a 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 more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Farmville, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.Although solar loans make going solar more accessible for Farmville homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installer you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Farmville are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,305 | 13.4 years |
| 8 kW | $3.58 | $20,049 | $18,133 | 13.1 years |
| 10 kW | $3.51 | $24,570 | $23,158 | 12.9 years |
| 12 kW | $3.44 | $28,894 | $28,380 | 12.6 years |
| 14 kW | $3.37 | $33,022 | $33,797 | 12.4 years |
| 16 kW | $3.30 | $36,953 | $39,412 | 12.1 years |
| 18 kW | $3.23 | $40,688 | $45,223 | 11.8 years |
| 20 kW | $3.16 | $44,226 | $51,230 | 11.6 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose greatly influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The type of solar panel you need plays a part in which company you should go with, since different companies offer different panels.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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 Farmville, NC Solar Cost FAQs
What is the average cost of installing solar panels in Farmville?
The average cost of solar panels in Farmville is about $17,550 for a 5-kW system and $35,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $954.56 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.