Solar Panel Cost Guide in Half Moon, NC (2024 Update)
- Half Moon Solar Installation Cost: $16,335
- 25-Year Savings: $20,151
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Half Moon
Here’s how much it might cost to go solar in Half Moon.
Although the national average of solar panels is $2.66 per watt, solar panels in Half Moon typically cost around 4.The average solar panel system size in Half Moon is around 6.6 kilowatts, meaning a cost of about $16,335 for a solar installation, or $23,359 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 may look quite different based on your household energy use, the type of solar system you choose, your solar contractor and more.With typical savings of about $18,000 on electricity bills over 20 years, many homeowners in Half Moon find going solar has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Half Moon that can help you get a more accurate cost estimate for your home.
Solar savings over time in Half Moon
| Year | Return on Investment |
|---|---|
| 1 years | $-14,864 |
| 3 years | $-11,922 |
| 5 years | $-8,980 |
| 7 years | $-6,038 |
| 9 years | $-3,095 |
| 11 years | $-153 |
| 13 years | $2,789 |
| 15 years | $5,731 |
| 17 years | $8,673 |
| 19 years | $11,616 |
| 21 years | $14,558 |
| 23 years | $17,500 |
| 25 years | $20,442 |
Top Solar Installers in Half Moon
Installing solar panels yourself can be a difficult undertaking, which is why getting a solar installation company is a good option for many homeowners. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're searching for a solar installer in Half Moon, we've put together 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 Half Moon
Factors that Affect Solar Panel Costs in Half Moon
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that will push your cost above or below the average in Half Moon: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,510.There are several different solar panel brands and the one you choose also affects the cost. Typically, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Half Moon have solar loans, which reduce your upfront costs of installing solar.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies operating in Half Moon, and each can charge varying amounts for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, 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 | $13,522 | 13.3 years |
| 8 kW | $3.58 | $20,049 | $18,422 | 13.0 years |
| 10 kW | $3.51 | $24,570 | $23,519 | 12.8 years |
| 12 kW | $3.44 | $28,894 | $28,813 | 12.5 years |
| 14 kW | $3.37 | $33,022 | $34,303 | 12.3 years |
| 16 kW | $3.30 | $36,953 | $39,989 | 12.0 years |
| 18 kW | $3.23 | $40,688 | $45,873 | 11.8 years |
| 20 kW | $3.16 | $44,226 | $51,952 | 11.5 years |
How to Save on Solar Panels
There are a lot of companies available in Half Moon, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Contract: 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 how part repairs and replacements will be handled.
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 Half Moon, NC Solar Cost FAQs
What is the average cost of installing solar panels in Half Moon?
The average cost of solar panels in Half Moon 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 like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Half Moon?
The majority of states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home 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.