Solar Panel Cost Guide in Demopolis, AL (2023 Update)
- Demopolis Solar Installation Cost: $14,989
- 25-Year Savings: $32,031
- Payback Period: 8.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Demopolis
We break down average solar pricing in Demopolis.
Although the national average of solar panels is $2.66 per watt, solar panels in Demopolis generally cost about 2.45. Using this figure, a typical 8.7-kW system would cost about $14,989 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Demopolis depending on several factors, such as the model of solar panels you choose and the solar installer you hire. Despite the significant initial cost, the average Demopolis homeowner can save around $20,000 on their energy bills over 20 years, which is one of the perks of solar.
To get a free quote from a highly rated solar company in Demopolis, you can click the button below.
Solar savings over time in Demopolis
| Year | Return on Investment |
|---|---|
| 1 years | $-13,108 |
| 3 years | $-9,347 |
| 5 years | $-5,585 |
| 7 years | $-1,824 |
| 9 years | $1,938 |
| 11 years | $5,700 |
| 13 years | $9,461 |
| 15 years | $13,223 |
| 17 years | $16,984 |
| 19 years | $20,746 |
| 21 years | $24,507 |
| 23 years | $28,269 |
| 25 years | $32,031 |
Top Solar Installers in Demopolis
Although you can install solar panels yourself, it involves extra labor and handiness. That's one of the reasons most homeowners choose a solar panel installer. Plus, if you're not certain what kind of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
Working with a vetted 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 Demopolis
Factors that Affect Solar Panel Costs in Demopolis
For many Demopolis homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Demopolis, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in Demopolis, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by about $2,450 for each additional kilowatt you need. The brand of solar panels and equipment you get is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Most solar companies in Demopolis provide solar loans, which reduce your upfront costs of installing solar. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar installation company you pick will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies undercut 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 car 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 | $2.55 | $10,702 | $21,581 | 8.3 years |
| 8 kW | $2.50 | $13,994 | $29,050 | 8.1 years |
| 10 kW | $2.45 | $17,150 | $36,655 | 8.0 years |
| 12 kW | $2.40 | $20,168 | $44,398 | 7.8 years |
| 14 kW | $2.35 | $23,050 | $52,277 | 7.6 years |
| 16 kW | $2.30 | $25,794 | $60,294 | 7.5 years |
| 18 kW | $2.25 | $28,400 | $68,449 | 7.3 years |
| 20 kW | $2.21 | $30,870 | $76,740 | 7.2 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose significantly impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
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
What is the average cost of installing solar panels in Demopolis?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Demopolis?
A solar panel system isn't free in Demopolis, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.