Solar Panel Cost Guide in Pinehurst, TX (2024 Update)
- Pinehurst Solar Installation Cost: $17,925
- 25-Year Savings: $22,820
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Pinehurst
Let’s have a look at the average cost of solar panels in Pinehurst.
The average cost of a solar panel system in Pinehurst is 3 per watt.The average Pinehurst homeowner needs a 7.7-kilowatt system, which would cost about $17,925 with the federal tax credit, or $25,633 before the 0 tax credit is applied.
These figures are only averages, and the cost of going solar for you will look different based on your energy needs and what company you choose to go with.With typical savings of about $18,000 on energy bills over 20 years, many homeowners in Pinehurst find investing in solar has a decent ROI.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Pinehurst
| Year | Return on Investment |
|---|---|
| 1 years | $-16,626 |
| 3 years | $-14,029 |
| 5 years | $-11,432 |
| 7 years | $-8,835 |
| 9 years | $-6,238 |
| 11 years | $-3,641 |
| 13 years | $-1,044 |
| 15 years | $1,554 |
| 17 years | $4,151 |
| 19 years | $6,748 |
| 21 years | $9,345 |
| 23 years | $11,942 |
| 25 years | $14,539 |
Top Solar Installers in Pinehurst
Many homeowners opt for a solar installer since trying to put up solar panels yourself can be time-consuming. Also, if you’d like to maximize your investment in solar, going with a solar installer can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
If you’d like to start using solar energy but still aren’t sure which solar system company 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
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Pinehurst
Factors that Affect Solar Panel Costs in Pinehurst
Though the average cost of a solar system in Pinehurst is $17,925, your final cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most significant 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 energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Pinehurst.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you choose 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
If paying for a solar system out of pocket is out of reach, solar loans are a popular option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.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’re only able to 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 APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Pinehurst, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.46 | $14,545 | $14,558 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,784 | 12.3 years |
| 10 kW | $3.33 | $23,310 | $25,196 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,794 | 11.8 years |
| 14 kW | $3.20 | $31,329 | $36,580 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,551 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,709 | 11.1 years |
| 20 kW | $3.00 | $41,958 | $55,054 | 10.8 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
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
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Pinehurst, TX Solar Cost FAQs
What is the average cost of installing solar panels in Pinehurst?
The average cost of solar panels in Pinehurst is about $16,650 for a 5-kW system and $33,300 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.
Is cost the most important consideration when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How much can I save on energy bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Pinehurst, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.