Solar Panel Cost Guide in Reidsville, NC (2024 Update)
- Reidsville Solar Installation Cost: $17,256
- 25-Year Savings: $20,700
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Reidsville
Find out how much it might cost to make the switch to solar in Reidsville.
The national average cost of solar panels is $2.66 per watt, but in Reidsville it’s 4 per watt.Since a 7.0-kW system is needed to cover the energy consumption of a typical home in Reidsville, the average price of going solar will be about $17,256 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy usage and what solar installer you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Reidsville can save about $18,000 on their power bills over 20 years.
To receive a free estimate from a top solar installer in Reidsville, you can click the button below.
Solar savings over time in Reidsville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,934 |
| 3 years | $-13,290 |
| 5 years | $-10,646 |
| 7 years | $-8,001 |
| 9 years | $-5,357 |
| 11 years | $-2,713 |
| 13 years | $-69 |
| 15 years | $2,576 |
| 17 years | $5,220 |
| 19 years | $7,864 |
| 21 years | $10,508 |
| 23 years | $13,153 |
| 25 years | $15,797 |
Top Solar Installers in Reidsville
Installing solar panels by yourself can be a time-consuming undertaking, which is why using a solar installer is a good option for many homeowners. The payback period on a solar system will vary based on factors like your roof configuration and energy use, but working with a solar company can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Reidsville:
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 Reidsville
Factors that Affect Solar Panel Costs in Reidsville
For many Reidsville homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Reidsville, with typical prices between $20,000 to $40,000. There are several factors that greatly 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 affects the overall cost of installing solar panels. That’s why it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Reidsville, where sunlight is relatively 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Reidsville homeowners decide to finance their solar panel systems to make paying for solar more affordable.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can play a part in determining how much it costs. Reidsville’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Reidsville 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 walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $13,020 | 13.5 years |
| 8 kW | $3.58 | $20,049 | $17,754 | 13.3 years |
| 10 kW | $3.51 | $24,570 | $22,683 | 13.0 years |
| 12 kW | $3.44 | $28,894 | $27,810 | 12.7 years |
| 14 kW | $3.37 | $33,022 | $33,133 | 12.5 years |
| 16 kW | $3.30 | $36,953 | $38,652 | 12.2 years |
| 18 kW | $3.23 | $40,688 | $44,368 | 12.0 years |
| 20 kW | $3.16 | $44,226 | $50,281 | 11.7 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. Because picking a company can be a challenge, we have some tips to help you, such as:
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two 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.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.
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 Reidsville, NC Solar Cost FAQs
What is the average cost of installing solar panels in Reidsville?
This is a tough 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Reidsville?
A solar panel system isn’t free in Reidsville, but there are some options that can make getting them more feasible, 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 will having solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Reidsville is currently $187,624, so you can look forward to a value of about $7,693 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Reidsville is a rewarding investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 amount 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.