Solar Panels Cost 8.9k-17k in Eden, NC | October, 2024

Solar Panels Cost $8.9k-$17k in Eden, NC | October, 2024

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

It costs approximately $3.19/W in Eden, NC in October, 2024 to have solar panels.

You should expect to pony up $3,190, on average, for every 1000 watts (or 1 kW) of solar energy your system will need to generate. After deducting the 30% federal tax credit, a 5 kW panel install in Eden generally costs $11,165. Depending on your electricity consumption habits, you might need a bigger system.

Select your county from the menu on the left to find out the typical roof size and maximum solar panel capacity for homes in your area. You can review the price, payback period, and 20-year average savings for a 5 kW system installed in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Eden: $11,165US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Eden: 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.
Eden: $15,197US Average: $15,784

Solar Potential in Eden

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

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

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

The average monthly electricity cost for a Eden consumer is $129.78, with an average usage of 994 kWh. These statistics encompass apartments and other smaller housing units, which usually have reduced energy consumption.

The average electricity rate in Eden, NC in October 2024 is 13.05¢ per kWh.

To satisfy the electricity requirements of an average user in Eden, a solar panel system of 8 kW or more is essential. Upfront, an 8 kWsolar system costs about $25,520, with the 30% tax credit, the total comes down to $17,864.

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Average solar panel costs by system size in Eden

Displayed below and to the left, you will see a thorough price breakdown for various solar panel system sizes installed in Eden. As expected, a bigger solar system requires a greater upfront cost, but it also leads to greater electricity savings and more substantial income tax credits.

The solar panel cost calculator below and to the right analyzes costs and benefits, based on an average $129.78 electric bill in Eden Modify the $129.78 to your average electricity bill payment for more accurate results.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $782 a year
Est. Price
$8,932
Savings from a 4kWthis system
  • Est. yearly production 6,016 kWh
  • Est. monthly savings $65
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 2.05 tons a year
  • Equivalent to planting 94 trees a year
  • Equivalent to driving 5,063 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $978 a year
Est. Price
$11,165
Savings from a 5kWthis system
  • Est. yearly production 7,520 kWh
  • Est. monthly savings $81
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 2.56 tons a year
  • Equivalent to planting 117 trees a year
  • Equivalent to driving 6,328 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,173 a year
Est. Price
$13,398
Savings from a 6kWthis system
  • Est. yearly production 9,024 kWh
  • Est. monthly savings $98
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.07 tons a year
  • Equivalent to planting 141 trees a year
  • Equivalent to driving 7,594 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,369 a year
Est. Price
$15,631
Savings from a 7kWthis system
  • Est. yearly production 10,528 kWh
  • Est. monthly savings $114
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 3.58 tons a year
  • Equivalent to planting 164 trees a year
  • Equivalent to driving 8,860 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,564 a year
Est. Price
$17,864
Savings from a 8kWthis system
  • Est. yearly production 12,032 kWh
  • Est. monthly savings $130
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 4.08 tons a year
  • Equivalent to planting 187 trees a year
  • Equivalent to driving 10,098 mi less a year

Eden Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for solar energy or wind turbines for rural small businesses and farms. If you think you might be in this category, we suggest verifying your qualification with our REAP Grant eligibility tool.

For those looking into residential solar options, a 30% federal income tax credit is commonly available, boosting the appeal and practicality of solar energy in various areas throughout the nation. Alongside federal incentives, there are many state and local efforts to support solar energy adoption.

North Carolina features 10 solar rebate and incentive programs available from various utilities and government organizations.

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?

If your plan is to stay in your home past the time it takes to pay off your solar system, installing solar panels is a wise move in Eden. Over a 20 year time frame, a 5 kW solar system in Eden, NC could save you around $19,982.2, with the average break even time being 7 years.

The cost of not having solar panels in Eden, NC

Without solar panels or another backup power source, you lose out on the earlier mentioned savings and are fully dependent on your electric utility for electricity. As demonstrated by recent news, complete reliance on your utility isn't always the most favorable situation.

Normally, customers in Eden face around 1.2 outages. The average length of an outage is 157.13 minutes. In events like wildfires, planned maintenance, or aging infrastructure, this duration can extend significantly.

A solar energy system, whether it includes a backup battery or not, should help relieve the burden of future power outages you may encounter.

Power Outages

Currently, 0 customers are being tracked in Rockingham County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even though larger solar panel systems have a higher initial cost, the cost per watt decreases. Many homeowners find it advantageous to install a system that can produce enough electricity to fully cover the entirety of their electric bill. This math makes the most sense for maximum savings.

Make & Model - Solar panels and mounting equipment, like many other products, are available in a variety of makes and models. Your installer’s brand preferences might require picking a reputable installer. Superior quality materials frequently result in a more satisfactory long-term experience for buyers.

Solar Panel Type - The industry standard is now monocrystalline panels, and justifiably so. Even though they are more expensive, they generate more energy. Many installers utilize panels crafted from this material.

Your Property - No two properties or homes are the same. Trees, irregular terrain, or other obstructions can make the installation process more challenging. With the use of satellite images, many solar installers nowadays can assess your home and include these elements into the first cost estimate.

Labor Rates - The varying wages that companies give their employees result in costs that are ultimately transferred to consumers. Higher wages generally correlate with better reviews for businesses' work and customer service.

Permitting & Interconnection - The cost of installation will change depending on local permitting and utility interconnection fees. Experienced local installers will include these figures in your preliminary estimates to guarantee transparency.

See what solar panels cost in other NC cities

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Who are the best solar installers in Eden?

Freedom Forever

Temecula, CA(800) 685-1850

Services

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

Eagle Solar and Light

Birmingham, AL(205) 202-2208

Services

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

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

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

8MSolar

Wake Forest, NC(919) 372-0315

Services

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

Yes Solar Solutions

Cary, NC(919) 925-4707

Services

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

Powur PBC

Del Mar, CA(866) 467-6987

Services

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

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

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

Renu Energy Solutions

Charlotte, NC(336) 565-7291

Services

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

Asheville, NC(828) 332-3003

Services

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

Go Solar Power

Boca Raton, FL(800) 530-9597

Services

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

SunPro Solar

Mandeville, LA(866) 599-3643

Services

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

Power Home Solar

Mooresville, NC(704) 870-3670

Services

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

Solar Energy World

Elkridge CDP, MD(866) 856-4580

Services

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

Palmetto Solar

Charleston, SC(855) 339-1831

Services

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

Entero Energy

Austin, TX(512) 551-0742

Services

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

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

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

Cape Fear Solar Systems

Wilmington, NC(910) 409-5533

Services

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

Sigora Solar

Charlottesville, VA(434) 465-6192

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.

SunVolt Electric

Boone, NC(828) 773-2008

Services

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

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

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

NC Solar Now

Raleigh, NC(919) 833-9096

Services

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

R&C Construction Solar

Greer, SC(888) 748-9165

Services

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

Precision Renewables

Snyderville CDP, UT(435) 602-4120

Services

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

Atomic Solar Energy

Burnsville, NC(866) 704-1187

Services

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

Eden, NC Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Eden, NC has reached $3.19/W. Post federal tax credit, a 5 kW solar panel system installation in Eden, NC will roughly cost $11,165.
  • Right now, North Carolina has 10 rebates and incentives available through a variety of utility companies and government entities. Additionally, the vast majority qualify for the 30% federal tax credit.
  • Paying cash offers the most savings, yet there are several financing options available today for solar panels that are also beneficial. Initial quotes from installers will frequently include information about available financing options.
  • Yes, in Eden, NC, 5 kW solar panel systems usually pay off in 7 years, providing an average electricity cost savings of $19,982.2 over a 20-year period.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01