Solar Panel Cost Guide in Bay Minette, AL (2023 Update)
- Bay Minette Solar Installation Cost: $14,698
- 25-Year Savings: $32,843
- Payback Period: 7.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Bay Minette
Let's take a look at the average cost of solar in Bay Minette.
Although the national average of solar panels is $2.66 per watt, solar panels in Bay Minette typically cost about 2.45. The average solar panel system size in Bay Minette is around 8.6 kilowatts, meaning a cost of about $14,698 for a solar installation, or $21,018 before the 30% federal solar tax credit is applied.
These figures are just averages, and your own solar costs will most likely differ based on your energy needs and what company you want to go with. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Bay Minette can save around $21,000 on their energy bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Bay Minette
| Year | Return on Investment |
|---|---|
| 1 years | $-12,796 |
| 3 years | $-8,993 |
| 5 years | $-5,190 |
| 7 years | $-1,386 |
| 9 years | $2,417 |
| 11 years | $6,220 |
| 13 years | $10,023 |
| 15 years | $13,827 |
| 17 years | $17,630 |
| 19 years | $21,433 |
| 21 years | $25,236 |
| 23 years | $29,039 |
| 25 years | $32,843 |
Top Solar Installers in Bay Minette
When switching to solar energy, many homeowners opt to hire a solar installer since installing a solar system yourself can be a challenging project. Another benefit of going with a solar installer is that they can help you make the most of your return of investment by reducing your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
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 Bay Minette
Factors that Affect Solar Panel Costs in Bay Minette
There are many factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,450. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Bay Minette, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Bay Minette, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and choose a company that provides the products, warranties and services you want and also fit into your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.55 | $10,702 | $22,587 | 8.0 years |
| 8 kW | $2.50 | $13,994 | $30,390 | 7.9 years |
| 10 kW | $2.45 | $17,150 | $38,331 | 7.7 years |
| 12 kW | $2.40 | $20,168 | $46,409 | 7.6 years |
| 14 kW | $2.35 | $23,050 | $54,624 | 7.4 years |
| 16 kW | $2.30 | $25,794 | $62,976 | 7.3 years |
| 18 kW | $2.25 | $28,400 | $71,465 | 7.1 years |
| 20 kW | $2.21 | $30,870 | $80,092 | 7.0 years |
How to Save on Solar Panels
There are numerous companies available in Bay Minette, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: The brand of solar panel you'd like to get plays a role in which company you should choose, since different companies have different panels.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before you sign a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
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 Bay Minette, AL Solar Cost FAQs
What is the average cost of installing solar panels in Bay Minette?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $12,250 for a 5-kW system and $24,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Bay Minette?
A solar panel system isn't free in Bay Minette, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,109.62 per year.
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.