Solar Panel Cost Guide in Mooresville, NC (2024 Update)
- Mooresville Solar Installation Cost: $16,954
- 25-Year Savings: $18,398
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Mooresville
We go over average solar pricing in Mooresville.
The average cost of a solar system in Mooresville is 4 per watt.Using this figure, a typical 6.9-kW system would cost about $16,954 before the 0 federal solar tax credit is applied.
The actual price you pay can go higher or lower than the average in Mooresville based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire.Despite the large initial cost, the average Mooresville homeowner can save about $17,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a pre-vetted solar company in Mooresville for a quote for your home.
Solar savings over time in Mooresville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,632 |
| 3 years | $-12,988 |
| 5 years | $-10,344 |
| 7 years | $-7,700 |
| 9 years | $-5,055 |
| 11 years | $-2,411 |
| 13 years | $233 |
| 15 years | $2,877 |
| 17 years | $5,522 |
| 19 years | $8,166 |
| 21 years | $10,810 |
| 23 years | $13,454 |
| 25 years | $16,099 |
Top Solar Installers in Mooresville
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar panel installer can make your swap to solar power much easier. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you’d like to make the switch to solar but still aren’t certain which solar system installer 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 Mooresville
Factors that Affect Solar Panel Costs in Mooresville
For many Mooresville homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Mooresville, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $3,510 per kilowatt in Mooresville.There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that have better efficiency tend to also cost more. In addition, 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
Many homeowners find the average cost of solar in Mooresville to be too steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.Even though solar loans make adopting solar energy more accessible for Mooresville homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Mooresville, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $11,334 | 14.4 years |
| 8 kW | $3.58 | $20,049 | $15,505 | 14.1 years |
| 10 kW | $3.51 | $24,570 | $19,872 | 13.8 years |
| 12 kW | $3.44 | $28,894 | $24,436 | 13.5 years |
| 14 kW | $3.37 | $33,022 | $29,197 | 13.3 years |
| 16 kW | $3.30 | $36,953 | $34,154 | 13.0 years |
| 18 kW | $3.23 | $40,688 | $39,308 | 12.7 years |
| 20 kW | $3.16 | $44,226 | $44,659 | 12.4 years |
How to Save on Solar Panels
There are a large number of companies available in Mooresville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The brand of solar panel you want plays a part in which installer you should go with, since different companies have access to different panels.
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 Mooresville, NC Solar Cost FAQs
What is the average cost of installing solar panels in Mooresville?
The average cost of solar panels in Mooresville 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 stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Mooresville?
A solar panel system isn’t free in Mooresville, 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.
How much can I save on electricity bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Mooresville, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Mooresville?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.