The cost of solar panels in Asheville, NC (2024)
Updated Oct 22, 2024
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You'll pay an average of $11,532 to install a 5 kilowatt solar panel system in Asheville, NC, before incentives.
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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 October 2024, the average solar panel system costs $2.31/W including installation in Asheville, NC. For a 5 kW installation, this comes out to about $11,532 before incentives, though prices range from $9,802 to $13,262. After the federal tax credit, the average price drops by 30%.
Average price of a 5 kW solar panel installation in Asheville, NC
You'll probably pay even less than what we show here. It doesn't include the federal ITC or Asheville, NC state incentives, which will lower this price by at least a few thousand dollars.
Your solar panel cost depends on your system's size
It may seem obvious but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size.
While a 5 kW system will only cost you $11,532 in Asheville, 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 Asheville, NC
System Size | System Cost | System Cost (after ITC) |
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3 kW | $6,919 | $4,844 |
4 kW | $9,226 | $6,458 |
5 kW | $11,532 | $8,073 |
6 kW | $13,839 | $9,687 |
7 kW | $16,145 | $11,302 |
8 kW | $18,452 | $12,916 |
9 kW | $20,758 | $14,531 |
10 kW | $23,065 | $16,145 |
Are solar panels worth it in Asheville, NC?
Solar panels are worth it in most areas, including Asheville, 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 $33,517 over 25 years (the warranty term of most solar panels) on electricity costs with a 5 kW system in Asheville, 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.
If you can't shell out $11,532 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.
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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:
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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 Asheville, 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 Asheville, 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.
What incentives are available for solar in Asheville, NC?
What solar financing options are available to me?
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