Solar Panel Cost Guide in Kings Grant, NC (2024 Update)
- Kings Grant Solar Installation Cost: $15,655
- 25-Year Savings: $18,616
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Kings Grant
See how much it might cost to go solar in Kings Grant.
The national average cost of solar panels is $2.66 per watt, but in Kings Grant it’s 4 per watt.To account for the typical energy needs of the average home in Kings Grant, most homeowners require a 6.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $15,655, or $22,387 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of solar system you want to get, your solar contractor and more.For many homeowners, the upfront cost of solar is worth paying. On average Kings Grant homeowners see about $18,000 in savings on utility bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Kings Grant
| Year | Return on Investment |
|---|---|
| 1 years | $-14,184 |
| 3 years | $-11,242 |
| 5 years | $-8,300 |
| 7 years | $-5,358 |
| 9 years | $-2,416 |
| 11 years | $527 |
| 13 years | $3,469 |
| 15 years | $6,411 |
| 17 years | $9,353 |
| 19 years | $12,295 |
| 21 years | $15,238 |
| 23 years | $18,180 |
| 25 years | $21,122 |
Top Solar Installers in Kings Grant
When going solar, many homeowners prefer to hire a solar installation company since handling can be a challenging project. The expertise that solar installers provide can be valuable as well, especially if you don’t quite know what kind of solar equipment would be right for your home.
If you’d like to make the switch to solar but still aren’t certain which solar installer to go with, here are our recommendations for providers in Kings Grant:
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 Kings Grant
Factors that Affect Solar Panel Costs in Kings Grant
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Kings Grant: 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 size of the solar system you need for your household, 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 nearly $3,510. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Kings Grant, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Kings Grant provide solar loans, which reduce the initial cost of installing a solar system.You’ll have to consider the long-term cost of financing options, including the total 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies operating in Kings Grant, and each can charge different amounts for labor and equipment.Additionally, some companies in Kings Grant have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $12,866 | 13.6 years |
| 8 kW | $3.58 | $20,049 | $17,547 | 13.3 years |
| 10 kW | $3.51 | $24,570 | $22,425 | 13.1 years |
| 12 kW | $3.44 | $28,894 | $27,500 | 12.8 years |
| 14 kW | $3.37 | $33,022 | $32,772 | 12.5 years |
| 16 kW | $3.30 | $36,953 | $38,239 | 12.3 years |
| 18 kW | $3.23 | $40,688 | $43,904 | 12.0 years |
| 20 kW | $3.16 | $44,226 | $49,765 | 11.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: The brand of solar panel you want plays a role in which company you should opt for, since different companies offer different panels.
- Warranty: If you’re concerned about the endurance of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
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 Kings Grant, NC Solar Cost FAQs
How much does it cost to install solar panels in Kings Grant?
The average cost of solar panels in Kings Grant 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 things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Kings Grant?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
How will installing solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Kings Grant is currently $556,904, which means you can expect a value of about $22,833 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Kings Grant is a rewarding investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 get between 20 and 35 panels to account for 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.