Solar Panel Cost Guide in Argo, AL (2024 Update)
- Argo Solar Installation Cost: $22,308
- 25-Year Savings: $35,668
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Argo
Find out what the average cost of solar panels are in Argo.
In Argo, solar panels cost about 3 per watt on average.The average solar panel system size in Argo is around 9.1 kilowatts, meaning a cost of about $22,308 for a solar installation, or $31,900 before the 0 federal solar tax credit is applied.
These figures are just estimates, and your own solar costs may look different based on your specific situation and what company you go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Argo can save around $21,000 on their electricity bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Argo
| Year | Return on Investment |
|---|---|
| 1 years | $-20,460 |
| 3 years | $-16,765 |
| 5 years | $-13,070 |
| 7 years | $-9,375 |
| 9 years | $-5,679 |
| 11 years | $-1,984 |
| 13 years | $1,711 |
| 15 years | $5,406 |
| 17 years | $9,101 |
| 19 years | $12,796 |
| 21 years | $16,492 |
| 23 years | $20,187 |
| 25 years | $23,882 |
Top Solar Installers in Argo
Installing solar panels on your own can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. Companies can also have access to quality options of the best solar panels and help you choose which one will be right for your family.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Argo:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Argo
Factors that Affect Solar Panel Costs in Argo
Even though the average cost of a solar system in Argo is $22,308, your actual cost may differ. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,490. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular route because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your total costs, so it’s important to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Argo is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that provide a range of services at different costs.Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.63 | $15,244 | $18,482 | 11.3 years |
| 8 kW | $3.56 | $19,935 | $25,034 | 11.1 years |
| 10 kW | $3.49 | $24,430 | $31,781 | 10.9 years |
| 12 kW | $3.42 | $28,730 | $38,723 | 10.6 years |
| 14 kW | $3.35 | $32,834 | $45,861 | 10.4 years |
| 16 kW | $3.28 | $36,743 | $53,194 | 10.2 years |
| 18 kW | $3.21 | $40,456 | $60,723 | 10.0 years |
| 20 kW | $3.14 | $43,974 | $68,447 | 9.8 years |
How to Save on Solar Panels
The solar panel company you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Warranty: If you care about the durability of your solar system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
- Solar Panel Brands: The brand of solar panel you want to install plays a role in which installer you should choose, since different companies have different panels.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Argo, AL Solar Cost FAQs
What is the average cost of installing solar panels in Argo?
The average cost of solar panels in Argo is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Argo?
A solar panel system isn’t free in Argo, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Argo?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.