Solar Panel Cost Guide in Fairhope, AL (Nov 2022)

  • Fairhope Solar Installation Cost: $14,698
  • 25-Year Savings: $32,838
  • Payback Period: 7.7 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Fairhope

We go over average solar pricing in Fairhope.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Fairhope, the average cost of a solar system is $2 per watt. To account for the typical energy usage of the average home in Fairhope, most homeowners require a 8.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $14,698, or $10,877 after the federal solar tax credit of 30% is applied.

The true cost of your system can be higher or lower than the average in Fairhope depending on a variety of factors, such as the type of solar panels you choose and the solar installer you hire. But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $21,000 over 20 years on utility bills.

You can click the button below to get connected with a pre-vetted solar company in Fairhope that can help you get a more accurate cost estimate for your home.

Solar savings over time in Fairhope

Year Return on Investment
1 years $-12,796
3 years $-8,993
5 years $-5,190
7 years $-1,388
9 years $2,415
11 years $6,218
13 years $10,021
15 years $13,824
17 years $17,626
19 years $21,429
21 years $25,232
23 years $29,035
25 years $32,838

Top Solar Installers in Fairhope

Many homeowners opt for a solar installer since trying to install solar panels yourself can be challenging. Plus, if you're not certain what type of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.

There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Fairhope

Factors that Affect Solar Panel Costs in Fairhope

For many Fairhope homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Fairhope, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment

The size of the solar energy system you need for your home is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,450. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Fairhope, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Most solar companies in Fairhope offer solar loans, which reduce your upfront costs of installing solar panels. You'll have to consider the long-term cost of financing options, including the total 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.

Solar Panel Installation Company

The solar installer you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating in Fairhope, and each can charge varying amounts for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price 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 find a company that provides the products, warranties and services you're looking for and also is within 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 $22,583 8.0 years
8 kW $2.50 $13,994 $30,386 7.9 years
10 kW $2.45 $17,150 $38,325 7.7 years
12 kW $2.40 $20,168 $46,402 7.6 years
14 kW $2.35 $23,050 $54,616 7.4 years
16 kW $2.30 $25,794 $62,967 7.3 years
18 kW $2.25 $28,400 $71,455 7.1 years
20 kW $2.21 $30,870 $80,080 7.0 years

How to Save on Solar Panels

Since the model of solar panels and the company you choose considerably impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:

  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
  • Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
  • Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
  • 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.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Fairhope, AL Solar Cost FAQs

How much does it cost to install solar panels in Fairhope?

The average cost of solar panels in Fairhope is about $12,250 for a 5-kW system and $24,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Fairhope?

Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.

Does Fairhope have a net metering program?

Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

How many solar panels should I get to power my home?

To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.

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.

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