Solar Panel Cost Guide in Morrisville, NC (2024 Update)
- Morrisville Solar Installation Cost: $17,186
- 25-Year Savings: $18,816
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Morrisville
Find out how much it might cost to go solar in Morrisville.
The average cost of a solar panel system in Morrisville is 4 per watt.To account for the typical energy needs of the average home in Morrisville, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,186, or $24,576 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Morrisville homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For most homeowners, the upfront investment in solar panels is worth paying. On average Morrisville homeowners see about $17,000 in savings on electricity bills over 20 years.
To get a free quote from a highly rated solar installer in Morrisville, you can click the button below.
Solar savings over time in Morrisville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,764 |
| 3 years | $-12,922 |
| 5 years | $-10,079 |
| 7 years | $-7,236 |
| 9 years | $-4,393 |
| 11 years | $-1,550 |
| 13 years | $1,293 |
| 15 years | $4,136 |
| 17 years | $6,979 |
| 19 years | $9,821 |
| 21 years | $12,664 |
| 23 years | $15,507 |
| 25 years | $18,350 |
Top Solar Installers in Morrisville
Installing solar panels by yourself can be a challenging task, which is why using a solar installation company is a good option for many homeowners. Another upside of using a solar installer is that they can help you optimize your ROI by cutting back on future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Morrisville
Factors that Affect Solar Panel Costs in Morrisville
For many Morrisville homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Morrisville, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are many different solar panel brands and the one you pick also affects the cost. Typically, 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 far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Morrisville, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies operating in Morrisville, and each can charge varying amounts 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 cost more. It’s best to do some research and go with the company that provides the products, warranties and services you want and also is 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 | $11,476 | 14.3 years |
| 8 kW | $3.58 | $20,049 | $15,695 | 14.0 years |
| 10 kW | $3.51 | $24,570 | $20,110 | 13.7 years |
| 12 kW | $3.44 | $28,894 | $24,721 | 13.5 years |
| 14 kW | $3.37 | $33,022 | $29,529 | 13.2 years |
| 16 kW | $3.30 | $36,953 | $34,534 | 12.9 years |
| 18 kW | $3.23 | $40,688 | $39,735 | 12.6 years |
| 20 kW | $3.16 | $44,226 | $45,133 | 12.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. 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 be sure to ask for their list of offerings before making your decision.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come 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 Morrisville, NC Solar Cost FAQs
What is the average cost of installing solar panels in Morrisville?
The average cost of solar panels in Morrisville 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 model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Morrisville?
You can’t get solar panels for free in Morrisville. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $893.59 per year.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.