Solar Panel Cost Guide in Fayette, AL (2025 Update)
- Fayette Solar Installation Cost: $22,110
- 25-Year Savings: $36,165
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Fayette
Find out what the average cost of a solar system is in Fayette.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Fayette, the average cost of solar panels is 3 per watt.Using this figure, a typical 9.1-kW system would cost about $22,110 before the 0 federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Fayette based on several factors, such as the kind of solar panels you choose and the solar contractor you hire.With typical savings of about $22,000 on utility bills over 20 years, many homeowners in Fayette find going solar can pay off big.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Fayette
Year | Return on Investment |
---|---|
1 years | $-20,262 |
3 years | $-16,567 |
5 years | $-12,872 |
7 years | $-9,177 |
9 years | $-5,481 |
11 years | $-1,786 |
13 years | $1,909 |
15 years | $5,604 |
17 years | $9,299 |
19 years | $12,994 |
21 years | $16,689 |
23 years | $20,385 |
25 years | $24,080 |
Top Solar Installers in Fayette
When going solar, many homeowners opt to use a solar company since putting up a solar system yourself can be a difficult project. Companies can also have access to various kinds of the best solar panels and help you pick which one will be right for you.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Fayette
Factors that Affect Solar Panel Costs in Fayette
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Fayette: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your home, 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 $3,490. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
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 Fayette homeowners decide to finance their solar panel systems to make going solar more affordable.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies operating in Fayette, and each can charge varying amounts for labor and equipment.The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk 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 | $3.63 | $15,244 | $19,022 | 11.1 years |
8 kW | $3.56 | $19,935 | $25,753 | 10.9 years |
10 kW | $3.49 | $24,430 | $32,680 | 10.7 years |
12 kW | $3.42 | $28,730 | $39,802 | 10.5 years |
14 kW | $3.35 | $32,834 | $47,120 | 10.3 years |
16 kW | $3.28 | $36,743 | $54,633 | 10.1 years |
18 kW | $3.21 | $40,456 | $62,342 | 9.8 years |
20 kW | $3.14 | $43,974 | $70,246 | 9.6 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Contract: Before you sign a contract with a solar installer, be sure to read it through carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project timeline.
EcoWatch's Fayette, AL Solar Cost FAQs
What is the average cost of installing solar panels in Fayette?
The average cost of solar panels in Fayette 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 such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider 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.
How will solar panels impact the value of my home?
Solar panels can increase the value of your home 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% with a solar installation."
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 should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can 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.