Solar Panels Cost 11k-20k in Albemarle, NC | November, 2024

Solar Panels Cost $11k-$20k in Albemarle, NC | November, 2024

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How much do solar panels cost in Albemarle, NC in 2024?

On average, in Albemarle, NC in the month of November, 2024, the cost per watt of solar systems is $3.33/W.

Using this price, you should expect to pony up $3,330, on average, for every 1000 watts (or 1 kW) of solar energy your solar panels will need to generate. With a 30% federal tax credit, the average cost for a 5 kW system in Albemarle is approximately $11,655. It's vital to consider that a higher capacity system may be essential to fully meet your energy requirements.

By selecting your county on the left, you can find out the typical roof size and the average maximum capacity for residential solar panel systems in your area. Below is a breakdown of the costs, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Albemarle: $11,655US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Albemarle: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Albemarle: $15,004US Average: $16,169

Solar Potential in Albemarle

Estimated system size and solar electricity production per median viable roof in
Albemarle.

Roof size 715sq. ft.
Capacity 10kW DC
Electricity 12.6kkWh AC per yr.

Electricity Costs in Albemarle, NC & What that Means for Your Solar Panel Pricing

With an average consumption of 1,069 kWh per month, Albemarle households pay about $131.89 for electricity each month. This data also encompasses the energy consumption patterns of smaller residences, such as apartments.

The electricity rate per kWh in Albemarle, NC for November 2024 is on average 12.34¢.

To satisfy the electricity requirements of an average consumer in Albemarle, a solar panel system of 9 kW or higher is a must. Upfront, a 9 kW solar system is approximately $29,970, with the federal tax credit returning 30% of your investment amount, which cuts down the total to $20,979.

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Average solar panel costs by system size in Albemarle

To the left side and below, you can find the pricing details for multiple sizes of the solar panel systems installed in Albemarle. Naturally, with a more extensive solar system, there will be a greater initial expense, but the advantages include higher electricity savings and larger income tax credits.

Check a cost benefit analysis in the solar panel cost calculator below and to the right, for an average electric bill of $131.89 in Albemarle. Adjust the $131.89 to your usual bill payment for personalized results.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $902 a year
Est. Price
$11,655
Savings from a 5kWthis system
  • Est. yearly production 7,520 kWh
  • Est. monthly savings $75
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 1.15 tons a year
  • Equivalent to planting 53 trees a year
  • Equivalent to driving 2,839 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,083 a year
Est. Price
$13,986
Savings from a 6kWthis system
  • Est. yearly production 9,024 kWh
  • Est. monthly savings $90
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 1.38 tons a year
  • Equivalent to planting 63 trees a year
  • Equivalent to driving 3,407 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,263 a year
Est. Price
$16,317
Savings from a 7kWthis system
  • Est. yearly production 10,528 kWh
  • Est. monthly savings $105
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 1.61 tons a year
  • Equivalent to planting 74 trees a year
  • Equivalent to driving 3,975 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,444 a year
Est. Price
$18,648
Savings from a 8kWthis system
  • Est. yearly production 12,032 kWh
  • Est. monthly savings $120
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 1.84 tons a year
  • Equivalent to planting 84 trees a year
  • Equivalent to driving 4,542 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,624 a year
Est. Price
$20,979
Savings from a 9kWthis system
  • Est. yearly production 13,536 kWh
  • Est. monthly savings $132
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 2.01 tons a year
  • Equivalent to planting 92 trees a year
  • Equivalent to driving 4,983 mi less a year

Albemarle Solar Panel Installation Incentives & Rebates | 2024

If you run a small business or farm in a rural area, you could receive REAP Grant support that covers 80% to 100% of your photovoltaic or wind turbine installation costs. To determine your eligibility, use our REAP Grant eligibility tool.

Installing residential solar panels comes with a 30% federal tax credit, accessible to almost all homeowners, making it a wise option for numerous areas across the country. Additionally, various state and local programs exist to further support the adoption of solar power.

Several utilities and government organizations in North Carolina currently offer 10 solar rebates and incentives.

Solar incentives in NC

Duke Energy - NC Solar Rebate Program

Value:Up to $50,000

Any Duke Energy Carolinas/Progress customer who installs a new solar photovoltaic system may be entitled to a rebate. The rebate amount is based on the rated capacity of the system. The rebate program's annual budget covers up to 10 MW of solar energy. 5,000 kW of the total budget is reserved for residential customers, while 2,500 kW is reserved for nonprofits. Additional information is available from the Duke Energy website.

Lumbee River EMC - Residential Weatherization Loan Program

Value:Up to $17,000

Residential customers of the Lumbee River Electric Membership Corporation may be entitled to special financing on energy efficiency improvement projects. Available loan offers and eligible projects will vary from time to time. Currently, financing may be obtained for ductwork, windows, water heating, geothermal pumps, and insulation/weatherization. The maximum available principal is $17,000 at market-rate interest. Loans will be secured either with a cosigner or using a deed of trust as collateral. Standard credit checks apply. Additional information is available from the LREMC website.

Piedmont EMC - Residential Solar and Energy Efficiency Loan Program

Value:Varies

Residential and business Piedmont Electric Membership Corporation customers may be eligible for special financing on new solar water heaters or photovoltaic systems. Loans may be available for other energy efficiency improvements. The maximum available principal for a single loan is $10,000 at 5% interest, to be repaid over seven years. Additional information and a directory of banking and lending partners are available from PEMC's website.

PSNC Energy (Gas) - Green Building Rate Discount

Value:Varies

PSNC offers special incentive rates for home and business customers whose property meets sustainable construction standards. Commercial facilities that have official LEED certification from the US Green Building Council and which are currently charged from Rate Schedule 125 will have a standing discount applied to their bills. To qualify, the property owner should submit a statement from the building's engineer attesting to low energy usage. Homes that have ENERGY STAR certification and which are currently using Rate Schedule 101 can switch to Schedule 102 rates that have the discount already applied. To qualify, homeowners should submit a copy of their ENERGY STAR certificate. Additional information is available from the PSNC website.

Haywood EMC - Residential Heat Pump and Weatherization Loan Program

Value:Varies

Homeowners in the Haywood EMC service area may be entitled to special financing on energy efficiency improvements. Eligible projects for a loan will vary from time to time. Currently, loans may fund insulation/weatherization, windows, central/room HVAC, generators, water heaters, heat pumps, ENERGY STAR certified appliances, and new solar PV/HVAC/water heaters. The maximum available principal is $35,000 at variable APR. As of 2021, interest is 3.90% on a 120-month repayment plan. Standard credit checks apply. Additional information is available from the HEMC website.

South River EMC - Solar Water Heating Rebate Program

Value:Varies

Residential and business customers of the South River Electric Membership Corporation may be entitled to rebates on new solar water heaters. The rebate amount will depend on the size and rated capacity of solar collectors. To qualify, both the solar panels and the heating module should meet Solar Rating and Certification Corporation (SRCC) standards. The system should be interconnected to the grid and have safety controls to prevent both overheating and freezing. Once a customer purchases and installs their system, they have 90 days to schedule a final utility inspection and thus claim their rebate. Additional information is available from the SREMC website.

Renewable Energy and Energy Efficiency Portfolio Standard

Value:Varies

North Carolina has both a renewable portfolio standard and an energy efficiency portfolio standard; together, they are referred to as "REPS". As of 2021, standard benchmarks require at least 12.5% of the state's retail energy to be generated from renewable sources. At least 60% of standard investment must be through new renewable energy; the remainder can be used for energy efficiency projects. Carve-outs require renewable investment to include a required proportion of solar and poultry/swine waste technologies. Compliance is measured through a Renewable Energy Credit (REC) system pegging a fixed amount of electricity to a variable dollar value. To meet their portion of the standard, utilities must either purchase credits from customers through net metering or generate them using their own renewable energy facilities. Credits expire after three years. Additional information is available from the North Carolina Utilities Commission website.

Blue Ridge EMC - Net Metering

Value:Varies

Residential customers of the Blue Ridge Electric Membership Corporation may be eligible for solar or wind net metering. Hydroelectric net metering may be available for systems rated below 25 kW. Parties to a net metering contract will be compensated for their net excess generation (NEG) at the full retail rate; however, they may be subject to higher facilities charges and minimum bills. Additional information is available from the BREMC website.

Four-County EMC - Residential Energy Efficiency Rebate Program

Value:Varies

Residential customers of the Four-County Electric Membership Corporation may be entitled to rebates on large appliances. Available rebate offers will vary from time to time. Currently, a flat $50 incentive may be claimed for new fridge/freezers, washer/dryers, dishwashers, and heat pumps at or over 16 SEER. It does not matter whether the appliance is completely new or if it will replace an older unit. To apply, proof of purchase is required. Additional information is available from the FCEMC website.

NC GreenPower Production Incentive

Value:Varies

NOTE: Applications are no longer accepted for small solar devices. NC GreenPower is a public incentive program administered by the state government in partnership with private utilities. The program effectively creates a large-scale power purchasing agreement (PPA) for owners of solar, wind, biomass, and hydroelectric systems not participating in a net metering contract. Participants will receive compensation for the energy they produce and export to the grid at a fixed per-kilowatt rate. Rate schedules depend on what technology is used to generate the energy. Additional information is available through the NC GreenPower website.

Are solar panels worth it in North Carolina?

For those planning to stay in their home past the solar system's payback period, solar panels are a smart investment in Albemarle. If you install a 5 kW solar system in Albemarle, NC, you might save $19,998.6 over 20 years on average, with a break even point at around 7 years.

The cost of not having solar panels in Albemarle, NC

If you don't install solar panels or an alternative backup power source, you forgo the aforementioned savings and your household is entirely dependent on your electric utility for electricity. Numerous recent news reports have illustrated that total reliance on your utility isn't always the best idea.

In Stanly County, there are about 1.24 outages per customer annually. Each outage lasts an average of 126.18 minutes. In the case of major events such as heavy rain and flooding, vandalism, or equipment failure, this period can increase substantially.

Even without a backup battery, a solar panel system can reduce the stress of future outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Stanly County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Albemarle, NC?

Your Energy Needs - With larger solar panel systems, the cost per watt declines, despite the larger upfront expense. Installing a solar panel system that can fully offset the electric bill is beneficial to homeowners because of the money saved.

Make & Model - There are a wide variety of makes and models of solar panels. The installer’s preference for system makes it crucial to pick a reputable company. Buyers generally find that utilizing higher quality equipment provides a more satisfactory long-term experience.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. Even though they are costlier, they provide more energy. Most installers work with panels constructed from this material.

Your Property - No two properties or homes are identical. Trees, irregular terrain, or other considerations can increase the difficulty of the installation. These days, the majority of solar installers can use satellite imagery to assess your home and include these elements into the first cost estimate.

Labor Rates - Employees get varying wages from different companies, and these costs are handed down to the consumers. Paying higher wages frequently results in companies receiving better reviews for their services and customer service.

Permitting & Interconnection - Your final installation price will be affected by the permitting and utility interconnection fees, which change by area. Quality local installers will include these figures in your first estimates to provide transparency.

See what solar panels cost in other NC cities

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Who are the best solar installers in Albemarle?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Blue Ridge Sun

Max Meadows CDP, VA(276) 637-0117

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Eagle Solar and Light

Birmingham, AL(205) 202-2208

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Reparation of solar arrays.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.

8MSolar

Wake Forest, NC(919) 948-6474

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

Yes Solar Solutions

Cary, NC(919) 925-4707

Services

  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Powur PBC

Del Mar, CA(866) 467-6987

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Core Development Group

(201) 825-2195

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Renu Energy Solutions

Charlotte, NC(704) 525-6767

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Reparation of batteries.
  • Expertise in consulting on advantageous financing for solar.

IonSOLAR

Provo, UT(888) 781-7074

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

SolFarm Solar Co.

(828) 332-3003

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Solar Alliance Southeast

Knoxville, TN(865) 309-4674

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Go Solar Power

West Palm Beach, FL(877) 558-1882

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.

Solar Energy World

Laurel, MD(866) 856-4580

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Entero Energy

Austin, TX(512) 551-0742

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

Silver Sun Solar

Deltona, FL(407) 832-42452

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Cape Fear Solar Systems

Wilmington, NC(910) 409-5533

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.
  • Reparation of batteries.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

SunVolt Electric

Boone, NC(828) 773-2008

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

PE Solar

Tempe, AZ(480) 264-0690

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

NC Solar Now

Raleigh, NC(919) 833-9096

Services

  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.

R&C Construction Solar

Greer, SC(888) 748-9165

Services

  • Reparation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Precision Renewables

Snyderville CDP, UT(435) 602-4120

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Atomic Solar Energy

Burnsville, NC(866) 704-1187

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Albemarle, NC Solar Panel Cost FAQs

  • During November, 2024, the average price for solar panel installations in Albemarle, NC is $3.33/W. A 5 kW solar panel system will cost you around $11,655 in Albemarle, NC after the federal tax credit is applied.
  • At present, there are 10 rebates and incentives available to North Carolina residents from various utility and government programs. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.
  • Paying in cash provides the highest savings, but there are multiple financing options available today for solar panels that are also beneficial. Many installers have partnerships with financing companies and will provide this information in your initial quotes.
  • Yes, the payback period for 5 kW solar energy systems in Albemarle, NC averages 7 years, with electricity savings of about $19,998.6 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-11-01