Solar Panel Cost Guide in Boaz, AL (2024 Update)
- Boaz Solar Installation Cost: $22,695
- 25-Year Savings: $20,497
- Payback Period: 15.6 Years
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Average Cost of Solar Panels in Boaz
Let’s take a look at the average cost of solar panels in Boaz.
The average cost of a solar panel system in Boaz is 3 per watt.The average solar panel system size in Boaz is around 9.3 kilowatts, meaning a cost of about $22,695 for a solar installation, or $32,454 before the 0 federal solar tax credit is applied.
These figures are only estimates, and your own solar costs may look different based on factors unique to your home and what company you want to go with.With average savings of about $16,000 on energy bills over 20 years, many homeowners in Boaz find investing in solar has a decent ROI.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Boaz
| Year | Return on Investment |
|---|---|
| 1 years | $-20,848 |
| 3 years | $-17,153 |
| 5 years | $-13,457 |
| 7 years | $-9,762 |
| 9 years | $-6,067 |
| 11 years | $-2,372 |
| 13 years | $1,323 |
| 15 years | $5,018 |
| 17 years | $8,714 |
| 19 years | $12,409 |
| 21 years | $16,104 |
| 23 years | $19,799 |
| 25 years | $23,494 |
Top Solar Installers in Boaz
Installing solar panels on your own can be a difficult undertaking, which is why using a solar installation company is a good option for many homeowners. Some solar installers, particularly local ones, can help you make the most of incentives in Boaz, therefore optimizing your ROI.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 Boaz
Factors that Affect Solar Panel Costs in Boaz
The cost of installing a solar system in Boaz can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of solar panels in Boaz, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by around $3,490 for each additional kilowatt you need.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Boaz average.
Solar Financing Terms
Many homeowners find the average cost of solar in Boaz to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.However, the interest on solar loans also adds to your all-in costs, so it’s vital to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to 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 | $8,284 | 16.2 years |
| 8 kW | $3.56 | $19,935 | $11,436 | 15.9 years |
| 10 kW | $3.49 | $24,430 | $14,784 | 15.6 years |
| 12 kW | $3.42 | $28,730 | $18,327 | 15.3 years |
| 14 kW | $3.35 | $32,834 | $22,066 | 15.0 years |
| 16 kW | $3.28 | $36,743 | $26,000 | 14.6 years |
| 18 kW | $3.21 | $40,456 | $30,129 | 14.3 years |
| 20 kW | $3.14 | $43,974 | $34,454 | 14.0 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
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 Boaz, AL Solar Cost FAQs
How much does it cost to install solar panels in Boaz?
The average cost of solar panels in Boaz is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Boaz?
Solar panels aren’t free in Boaz, 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 you can take advantage of.
Can you sell solar power back to the grid in Boaz?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Boaz?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.