Solar Panel Cost Guide in Demopolis, AL (2024 Update)
- Demopolis Solar Installation Cost: $21,349
- 25-Year Savings: $32,033
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Demopolis
Let’s take a look at the average cost of solar in Demopolis.
Although the national average of solar panels is $2.66 per watt, solar panels in Demopolis typically cost around 3.The average solar panel system size in Demopolis is around 8.7 kilowatts, meaning a cost of about $21,349 for a solar installation, or $30,529 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary quite a bit based on several factors, such as how many panels you need, your energy consumption and what company you go with.For many homeowners, the upfront cost of solar panels is worth paying. On average Demopolis homeowners see about $20,000 in savings on electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Demopolis
| Year | Return on Investment |
|---|---|
| 1 years | $-19,501 |
| 3 years | $-15,806 |
| 5 years | $-12,111 |
| 7 years | $-8,416 |
| 9 years | $-4,721 |
| 11 years | $-1,026 |
| 13 years | $2,669 |
| 15 years | $6,365 |
| 17 years | $10,060 |
| 19 years | $13,755 |
| 21 years | $17,450 |
| 23 years | $21,145 |
| 25 years | $24,840 |
Top Solar Installers in Demopolis
Putting up solar panels on your own can be a challenging project, which is why using a solar installation company is a good option for many homeowners. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be best for your family.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Demopolis
Factors that Affect Solar Panel Costs in Demopolis
There are a number of criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Demopolis, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Demopolis homeowners choose to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also increases your all-in costs, so it’s crucial to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you pick will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Demopolis know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $17,039 | 11.8 years |
| 8 kW | $3.56 | $19,935 | $23,109 | 11.6 years |
| 10 kW | $3.49 | $24,430 | $29,375 | 11.4 years |
| 12 kW | $3.42 | $28,730 | $35,836 | 11.1 years |
| 14 kW | $3.35 | $32,834 | $42,493 | 10.9 years |
| 16 kW | $3.28 | $36,743 | $49,345 | 10.7 years |
| 18 kW | $3.21 | $40,456 | $56,393 | 10.4 years |
| 20 kW | $3.14 | $43,974 | $63,636 | 10.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Warranty: If you’re worried about the endurance of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Contract: Before you sign a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Demopolis, AL Solar Cost FAQs
How much does it cost to install solar panels in Demopolis?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Demopolis, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 cover 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.