Solar Panel Cost Guide in Eufaula, AL (2023 Update)
- Eufaula Solar Installation Cost: $14,989
- 25-Year Savings: $33,205
- Payback Period: 7.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Eufaula
Let's have a look at the average cost of solar panels in Eufaula.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Eufaula, the typical cost of a solar system is 2.45 per watt. The average solar panel system size in Eufaula is around 8.7 kilowatts, meaning a cost of about $14,989 for a solar installation, or $21,434 before the 30% federal solar tax credit is applied.
The true cost of your system can be above or below the average in Eufaula depending on a few factors, such as the brand of solar panels you choose and the solar installer you hire. For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $21,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Eufaula
| Year | Return on Investment |
|---|---|
| 1 years | $-14,828 |
| 3 years | $-14,507 |
| 5 years | $-14,185 |
| 7 years | $-13,864 |
| 9 years | $-13,543 |
| 11 years | $-13,221 |
| 13 years | $-12,900 |
| 15 years | $-12,579 |
| 17 years | $-12,257 |
| 19 years | $-11,936 |
| 21 years | $-11,615 |
| 23 years | $-11,294 |
| 25 years | $-10,972 |
Top Solar Installers in Eufaula
Many homeowners choose to use a solar installer since trying to put up solar panels on your own can be hard. Plus, if you aren't sure what kind of solar panels and equipment you need, a solar company 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 Eufaula
Factors that Affect Solar Panel Costs in Eufaula
The cost of installing a solar system in Eufaula 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 you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need, 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 around $2,450. There are a lot of different solar panel brands and the one you pick also affects the cost. Generally, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Eufaula homeowners decide to finance their solar panel systems to make paying for solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Eufaula, and each can charge different amounts for labor and equipment. The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $22,384 | 8.1 years |
| 8 kW | $2.50 | $13,994 | $30,120 | 7.9 years |
| 10 kW | $2.45 | $17,150 | $37,993 | 7.8 years |
| 12 kW | $2.40 | $20,168 | $46,003 | 7.6 years |
| 14 kW | $2.35 | $23,050 | $54,151 | 7.5 years |
| 16 kW | $2.30 | $25,794 | $62,435 | 7.3 years |
| 18 kW | $2.25 | $28,400 | $70,857 | 7.2 years |
| 20 kW | $2.21 | $30,870 | $79,416 | 7.0 years |
How to Save on Solar Panels
There are numerous companies to choose from in Eufaula, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
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 Eufaula, AL Solar Cost FAQs
What is the average cost of installing solar panels in Eufaula?
This is a hard question to answer precisely, because the cost depends on many 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 other solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Eufaula?
A solar panel system isn't free in Eufaula, 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 further reduce the cost.
Do solar panels increase your property value?
Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't opt 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 a solar system."
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 stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose 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.