Solar Power: Brunswick County's Cost-Effective Energy Solution

As of August 2023, the average cost of solar panels in Brunswick County, NC, is $3.05/W. For a 5 kW installation, the cost ranges from $12,962 to $17,538, with the average gross price at $15,250. After accounting for the 30% federal investment tax credit (ITC) and other state and local solar incentives, the net price can fall by thousands of dollars. The cost of solar panels varies depending on location, manufacturer, system size, and electricity usage.

Average solar panel cost in Brunswick County, NC: $3.05/W

As of August 2023, the average solar panel cost in Brunswick County, NC is $3.05/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Brunswick County, NC ranges in cost from $12,962 to $17,538, with the average gross price for solar in Brunswick County, NC coming in at $15,250. After accounting for the 30% federal investment tax credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.

These costs are typical for solar shoppers comparing solar quotes on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.

The price you pay for solar depends on many factors. The bigger your solar panel system, the pricier it will be. Importantly, the average per-unit price for solar decreases with increasing system size. The type of panel you install will also impact the cost, with higher quality panels demanding higher prices. The cost of installation will depend on the complexity of your roof, and different solar companies will charge different labour rates.

Solar is a major purchase, and one that is often accompanied by significant complexity. With that in mind, most solar shoppers in the US compare two to five solar quotes before making a decision. Comparing multiple solar quotes saves you money through competition and transparency.

There are three primary ways to pay for solar: with a cash purchase, with a solar loan, or with a solar lease/power purchase agreement. You’ll likely save the most money in the long run with a cash purchase, but solar loans and leases are great options that usually don’t require much money upfront.

Average gross price: $15,250

Solar panels are becoming an increasingly popular option for residents of Brunswick County, North Carolina. As of March 2023, the average gross price for solar panels in the county is $15,250, given a solar panel system size of 5 kilowatts (kW). However, prices can vary depending on several factors, and the overall cost of an average solar installation in the county ranges from $12,962 to $17,538.

The price of solar panels in Brunswick County, NC, is influenced by various factors, including the size of the solar panel system, the brand and quality of the panels, the type of panel installed, the difficulty of the installation, the chosen installation company, and permitting and interconnection costs.

When considering solar panels, it is essential to keep in mind that the upfront cost is typically the most significant expense. However, this cost can be mitigated by taking advantage of incentives and rebates, such as the federal investment tax credit (ITC) and other state and local solar incentives. For example, the federal ITC can lower the cost of solar equipment and installation by 30%.

Additionally, it is worth noting that the cost of solar panels has been dropping across the nation, and competitive marketplaces like EnergySage can offer prices up to 20% lower than working with a single solar company.

Brunswick Electric Membership Corporation (BEMC) is among the top cooperatives in North Carolina for rooftop-mounted solar installations, with over 300 installations and growing. BEMC offers an aggressive net metering program for residential and commercial members, providing retail credit for a portion of the electricity generated by their solar panels.

Overall, solar panels in Brunswick County, NC, present a worthwhile investment, with potential savings of $14,196 over 20 years for an average-sized solar system.

Net price after federal tax credit: $10,675 to $12,276

The net price of solar panels in Brunswick County, NC, after the federal tax credit, ranges from $10,675 to $12,276. This price is for a 5 kW solar panel system, which is a typical size for residential installations. The federal investment tax credit (ITC) brings down the cost of solar panels by 30%, significantly reducing the upfront investment required for solar installations.

The net price of $10,675 to $12,276 represents a substantial saving compared to the gross price before incentives and tax credits. The gross price for a 5 kW solar panel system in Brunswick County, NC, is around $15,250 on average but can range from $12,962 to $17,538. The net price, therefore, reflects a reduction of several thousand dollars, making solar energy more accessible and affordable for homeowners.

It is worth noting that the net price can vary depending on the specific solar company and the competitiveness of the marketplace. Using a competitive solar marketplace like EnergySage can result in prices up to 20% lower than working with a single solar company. This is an important consideration as it can further reduce the net price of solar panels in Brunswick County, NC.

In addition to the federal tax credit, there may be other state and local solar incentives available in North Carolina that can drive down the net price even further. These incentives can include state tax credits, rebates, or performance-based incentives like Solar Renewable Energy Credits (SRECs). Combining these incentives with the federal tax credit can lead to significant savings for homeowners interested in adopting solar energy.

Overall, the net price of $10,675 to $12,276 for solar panels in Brunswick County, NC, after the federal tax credit, makes solar energy a more viable and cost-effective option for homeowners in the region.

Solar installation costs: $12,962 to $17,538

Solar installation costs in Brunswick County, NC, as of March 2023, range from $12,962 to $17,538 for an average 5 kW solar panel system. The average gross price for solar in the county is $15,250. These costs are typical for solar shoppers comparing solar quotes on the EnergySage Marketplace, where prices can be up to 20% lower than working with a single solar company.

The price you pay for solar depends on many factors, including the size of your solar panel system, the panel brand and quality, the type of panel, the installation company, and the difficulty of the installation.

Solar panels are a major purchase and a long-term investment. By installing an average-sized solar system, you can expect to save $14,196 over 20 years in Brunswick County, NC, assuming you pay upfront with cash.

Solar panels are worth it in most areas, and solar is definitely worth it in Brunswick County, NC. However, certain factors will impact how quickly you break even on your investment relative to other areas, including the cost of electricity, available incentives, the climate, and sun angle.

The federal solar tax credit, or Investment Tax Credit (ITC), allows you to claim back 30% of solar installation costs until 2033, and this credit will gradually reduce until it expires in 2035.

Savings over 20 years: $14,196

Solar panels are a great investment in Brunswick County, NC. By installing an average-sized solar system and paying upfront with cash, you can expect to save $14,196 over 20 years. This is a significant amount of money that can be kept in your pocket by making the switch to solar.

The savings don't just end there. In addition to the upfront savings, you can also take advantage of the 30% federal investment tax credit (ITC) and other state and local solar incentives, which can further reduce the net price you pay for solar by thousands of dollars. This means that not only are you saving money on your energy bills, but you can also benefit from tax breaks and incentives, making solar an even more attractive option.

When it comes to solar installation, the cost can vary depending on several factors. The size of your solar panel system is a major factor, as larger systems will generally be more expensive. However, it's important to note that the average per-unit price for solar decreases as the system size increases. So, if you're considering a larger system, you may be able to get a better deal on a per-unit basis.

Another factor that affects the cost of solar panels is the brand and quality of the panels. Like any product, solar panels come in varying qualities, and the brand can significantly impact the price. Higher-quality panels will typically come with a higher price tag, but they may also offer better performance and efficiency.

The type of solar panel you choose will also impact the cost. Monocrystalline, polycrystalline, and thin-film panels are the most common types, and each has its own advantages and price point. Monocrystalline panels, for example, are known for their high efficiency but tend to be more expensive. Polycrystalline panels are a more cost-effective option, while thin-film panels are often used for flexible applications and have a lower price point.

It's important to remember that the installation company you choose will also affect the overall cost. Solar companies charge different labor rates, and you may opt for a more reputable company with better reviews, even if it means a higher price. Additionally, if you have a complex roof, your installation may be more challenging and therefore more expensive.

By making the switch to solar in Brunswick County, NC, you can take advantage of the savings offered by solar energy. With an average-sized solar system, you can expect to save $14,196 over 20 years, making it a worthwhile investment for your home or business.

Frequently asked questions