The cost of solar panels in Belmont, NC (2024)

Updated Jul 16, 2024

  • You'll pay an average of $13,523 to install a 5 kilowatt solar panel system in Belmont, NC, before incentives.

  • The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs.

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Written by: Emily Walker

As of July 2024, the average solar panel system costs $2.70/W including installation in Belmont, NC. For a 5 kW installation, this comes out to about $13,523 before incentives, though prices range from $11,495 to $15,551. After the federal tax credit, the average price drops by 30%.

Average price of a 5 kW solar panel installation in Belmont, NC

Good Price
$11,495 or less
Market Average
$13,523
High Price
$15,551 or more

You'll probably pay even less than what we show here. It doesn't include the federal ITC or Belmont, NC state incentives, which will lower this price by at least a few thousand dollars.

Your solar panel cost depends on your system's size

It may seem obvious but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size.

While a 5 kW system will only cost you $13,523 in Belmont, NC, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill.

Average solar cost by system size in Belmont, NC

System Size
System Cost
System Cost (after ITC)
3 kW$8,114$5,680
4 kW$10,818$7,573
5 kW$13,523$9,466
6 kW$16,228$11,359
7 kW$18,932$13,253
8 kW$21,637$15,146
9 kW$24,342$17,039
10 kW$27,046$18,932

Are solar panels worth it in Belmont, NC?

Solar panels are worth it in most areas, including Belmont, NC. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S. 

If you pay for your system with cash, you'll save about $10,547 over 20 years on electricity costs with a 5 kW system in Belmont, NC. We generate this estimate based on real solar quote data from our Marketplace. It considers your system's cost, the federal tax credit, and inflation rates.

Payback Period
12.60 Years
20-Year Savings
$10,547
Cost-per-Watt
$2.70

If you can't shell out $13,523 in cash to pay for solar, don't sweat it. You can choose to finance your system with a loan instead. Some companies even offer $0-down loans so you can start saving on day one if your loan payments are less than your current electric bills. Just keep in mind that your long-term savings will be lower with a loan due to interest rates.

Find out what solar panels cost in your area in 2024
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The numbers we're showing are averages. The price you'll pay for solar depends on many factors unique to you and your home:

If you're looking for solar companies in NC, here are some popular suggestions:

  • Renu Energy Solutions
    Charlotte, NC
    Established 2010
    Elite Installer
    For over a decade, Renu Energy Solutions has been a leader in the Carolina's as a premier solar installer with mo...
    Elite Installer
    Screened & Verified

    For over a decade, Renu Energy Solutions has been a leader in the Carolina's as a premier solar installer with mo...
  • Olympus Home
    Multi-state
    Established 2019
    Elite Installer
    Olympus Home is a leading installer of solar and roofing in the southeast. We handle everything you need to tran...
    Elite Installer
    Screened & Verified
    5.0 /5.0
    11 Reviews

    Olympus Home is a leading installer of solar and roofing in the southeast. We handle everything you need to tran...
  • Solar SME, Inc.
    Charlotte, NC
    Established 2011
    Elite Installer
    Things to Consider While Going Solar

    First thing to keep in mind when going solar is purchasing the right solar pa...
    Elite Installer
    Screened & Verified

    Things to Consider While Going Solar

    First thing to keep in mind when going solar is purchasing the right solar pa...
  • Tayco Electric & Solar
    Indian Trail, NC
    Established 2006
    Approved Installer
    Tayco Electric & Solar is locally owned and operated and been in business since 2006. Tayco is your premier provi...
    Approved Installer
    Screened & Verified
    5.0 /5.0
    45 Reviews

    Tayco Electric & Solar is locally owned and operated and been in business since 2006. Tayco is your premier provi...
  • Firefly Solar & Roofing
    Multi-state
    Established 2016
    Approved Installer
    We are a vertically integrated solar company that handles everything from onsite assessments, design & permitting...
    Approved Installer
    Screened & Verified
    5.0 /5.0
    30 Reviews

    We are a vertically integrated solar company that handles everything from onsite assessments, design & permitting...

Solar is a major purchase, but you can get the price tag to come down a bit by being an educated shopper. Taking advantage of incentives and rebates and shopping around for quotes can bring down your cost of solar in Belmont, NC.

Take advantage of federal and local solar incentives

As long as your federal tax bill is high enough, you can take advantage of the federal tax credit in Belmont, NC. This incentive allows you to apply 30% of your solar installation and equipment costs toward your federal tax bill. If the amount exceeds your tax bill, you can roll over the remaining credit to the following year. Many states also offer great local incentives and rebates.

Get quotes from multiple installers

Comparing multiple solar quotes can save you money through competition and transparency. Each additional quote you receive for solar will help you find the right solar panel system at the right price.

This is where EnergySage can help. With funding from the Department of Energy’s SunShot Prize, EnergySage opened the country’s first (and now the largest) marketplace for home solar panel installations. We gather custom solar quotes from local installers on your behalf and put them in an easy-to-compare format. When you compare quotes for solar panels on the EnergySage Marketplace, you can expect to see prices up to 20% lower than if you work with a single solar company.

Why shop with EnergySage?

Save time & money

Request free quotes from vetted installers in minutes

Unbiased support

Our expert Energy Advisors will help you make the right decision

Trusted, local installers

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