Solar Panel Cost Guide in Kannapolis, NC (2024 Update)
- Kannapolis Solar Installation Cost: $16,867
- 25-Year Savings: $18,576
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Kannapolis
We go over average solar pricing in Kannapolis.
The average cost of solar panels in Kannapolis is 4 per watt.Because a 6.9-kW system is needed to cover the energy costs of a typical home in Kannapolis, the average price of going solar will be about $16,867 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of making the switch to solar can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what company you go with.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Kannapolis can save around $17,000 on their power bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Kannapolis
| Year | Return on Investment |
|---|---|
| 1 years | $-15,545 |
| 3 years | $-12,900 |
| 5 years | $-10,256 |
| 7 years | $-7,612 |
| 9 years | $-4,968 |
| 11 years | $-2,323 |
| 13 years | $321 |
| 15 years | $2,965 |
| 17 years | $5,609 |
| 19 years | $8,254 |
| 21 years | $10,898 |
| 23 years | $13,542 |
| 25 years | $16,186 |
Top Solar Installers in Kannapolis
Many homeowners opt for a solar panel company since trying to install solar panels on your own can be a labor-intensive endeavor. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Kannapolis
Factors that Affect Solar Panel Costs in Kannapolis
Though the average cost of a solar system in Kannapolis is $16,867, your final cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,510. The type of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to consider 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
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Kannapolis homeowners decide to finance their solar panel systems to make paying for solar more affordable.Even though solar loans make adopting solar energy more accessible for Kannapolis homeowners, they can also increase the total you pay for your system due to interest. 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 installation company you pick will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.The company’s size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $11,572 | 14.2 years |
| 8 kW | $3.58 | $20,049 | $15,823 | 14.0 years |
| 10 kW | $3.51 | $24,570 | $20,270 | 13.7 years |
| 12 kW | $3.44 | $28,894 | $24,914 | 13.4 years |
| 14 kW | $3.37 | $33,022 | $29,754 | 13.2 years |
| 16 kW | $3.30 | $36,953 | $34,790 | 12.9 years |
| 18 kW | $3.23 | $40,688 | $40,024 | 12.6 years |
| 20 kW | $3.16 | $44,226 | $45,454 | 12.3 years |
How to Save on Solar Panels
There are many companies to choose from in Kannapolis, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the completion timeline.
- 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 panel installer you’re considering has it.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
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 Kannapolis, NC Solar Cost FAQs
How much does it cost to install solar panels in Kannapolis?
This is a hard question to answer precisely, 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. It will cost 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 go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost 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 eliminate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Kannapolis, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Kannapolis?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.