Solar Panel Cost Guide in Randleman, NC (2024 Update)
- Randleman Solar Installation Cost: $16,982
- 25-Year Savings: $20,625
- Payback Period: 12.9 Years
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Average Cost of Solar Panels in Randleman
Let’s have a look at the average cost of solar in Randleman.
While the national average of solar panels is $2.66 per watt, solar panels in Randleman typically cost around 4.The average Randleman homeowner needs a 6.9-kilowatt system, which would cost about $16,982 with the federal tax credit, or $24,284 before the 0 tax credit 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 choose, your solar contractor and more.Many homeowners find going solar is a fruitful investment. The average homeowner in Randleman can save about $18,000 on their electricity bills over 20 years.
To get a free estimate from a top solar installation company in Randleman, you can click the button below.
Solar savings over time in Randleman
| Year | Return on Investment |
|---|---|
| 1 years | $-15,585 |
| 3 years | $-12,792 |
| 5 years | $-9,999 |
| 7 years | $-7,206 |
| 9 years | $-4,413 |
| 11 years | $-1,619 |
| 13 years | $1,174 |
| 15 years | $3,967 |
| 17 years | $6,760 |
| 19 years | $9,553 |
| 21 years | $12,347 |
| 23 years | $15,140 |
| 25 years | $17,933 |
Top Solar Installers in Randleman
Many homeowners opt for a solar panel company since installing solar panels yourself can be hard. Another good thing about using a vetted solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
If you're looking for a solar company in Randleman, the EcoWatch team has organized a list of our top suggestions here:
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 Randleman
Factors that Affect Solar Panel Costs in Randleman
Even though the average cost of a solar system in Randleman is $16,982, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy 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 pay around $3,510 per kilowatt in Randleman.There are several different solar panel brands and the one you choose also affects the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose 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
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Randleman homeowners opt to finance their solar panel systems to make going solar more affordable.Although solar loans make switching to solar energy more accessible for Randleman homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Randleman is the company you choose to install your solar system. As with choosing a company to install new cabinets, for instance, you’ll have many options for solar installers that offer a range of services at different costs.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $13,240 | 13.4 years |
| 8 kW | $3.58 | $20,049 | $18,047 | 13.2 years |
| 10 kW | $3.51 | $24,570 | $23,050 | 12.9 years |
| 12 kW | $3.44 | $28,894 | $28,249 | 12.6 years |
| 14 kW | $3.37 | $33,022 | $33,646 | 12.4 years |
| 16 kW | $3.30 | $36,953 | $39,238 | 12.1 years |
| 18 kW | $3.23 | $40,688 | $45,028 | 11.9 years |
| 20 kW | $3.16 | $44,226 | $51,014 | 11.6 years |
How to Save on Solar Panels
There are a lot of companies available in Randleman, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
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 Randleman, NC Solar Cost FAQs
How much does it cost to install solar panels in Randleman?
This is a difficult question to answer exactly, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Does Randleman have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
How many solar panels should I get to power my home?
To figure out how many solar panels 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.