Solar Panel Cost Guide in High Point, NC (2024 Update)
- High Point Solar Installation Cost: $17,050
- 25-Year Savings: $19,354
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in High Point
Let’s take a look at the average cost of solar panels in High Point.
Currently, the national average cost of solar panels is $2.66 per watt. However, in High Point, the typical cost of a solar system is 4 per watt.Because a 6.9-kW system is needed to cover the energy costs of a typical home in High Point, the average price of going solar will be about $17,050 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 installing solar panels can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite fruitful, with a net average savings of about $17,000 over 20 years on utility bills.
To receive a free quote from a pre-vetted solar company in High Point, you can click the button below.
Solar savings over time in High Point
| Year | Return on Investment |
|---|---|
| 1 years | $-15,728 |
| 3 years | $-13,084 |
| 5 years | $-10,440 |
| 7 years | $-7,795 |
| 9 years | $-5,151 |
| 11 years | $-2,507 |
| 13 years | $137 |
| 15 years | $2,782 |
| 17 years | $5,426 |
| 19 years | $8,070 |
| 21 years | $10,714 |
| 23 years | $13,358 |
| 25 years | $16,003 |
Top Solar Installers in High Point
Installing solar panels on your own can be a stressful project, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar installers offer can be useful as well, especially if you don’t quite know what kind of solar equipment you need.
If you’d like to make the switch to solar but still aren’t sure which solar system company to go with, here are our recommendations for providers nearby:
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 High Point
Factors that Affect Solar Panel Costs in High Point
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in High Point: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many High Point homeowners decide to finance their solar panel systems to make paying for solar more affordable.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in High Point, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.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 at a higher cost. It’s best to do some research and choose 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 | $12,070 | 14.0 years |
| 8 kW | $3.58 | $20,049 | $16,487 | 13.7 years |
| 10 kW | $3.51 | $24,570 | $21,100 | 13.4 years |
| 12 kW | $3.44 | $28,894 | $25,909 | 13.2 years |
| 14 kW | $3.37 | $33,022 | $30,915 | 12.9 years |
| 16 kW | $3.30 | $36,953 | $36,118 | 12.6 years |
| 18 kW | $3.23 | $40,688 | $41,517 | 12.4 years |
| 20 kW | $3.16 | $44,226 | $47,113 | 12.1 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 select the right company for you, here are some tips to keep in mind:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Before signing a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
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 High Point, NC Solar Cost FAQs
What is the average cost of installing solar panels in High Point?
This is a hard question to answer precisely, because the cost depends on many factors. Generally 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 other solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in High Point?
A solar panel system isn’t free in High Point, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in High Point?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out 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 house 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.