Solar Panel Cost Guide in Grayson Valley, AL (2024 Update)
- Grayson Valley Solar Installation Cost: $22,260
- 25-Year Savings: $35,701
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Grayson Valley
Find out what the average cost of a solar system is in Grayson Valley.
The national average cost of solar panels is $2.66 per watt, but in Grayson Valley it’s 3 per watt.The average solar panel system size in Grayson Valley is around 9.1 kilowatts, meaning a cost of about $22,260 for a solar installation, or $31,832 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of solar system you want to get, your solar contractor and more.But, once you've paid the upfront cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $21,000 over 20 years on electricity bills.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Grayson Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-20,413 |
| 3 years | $-16,718 |
| 5 years | $-13,022 |
| 7 years | $-9,327 |
| 9 years | $-5,632 |
| 11 years | $-1,937 |
| 13 years | $1,758 |
| 15 years | $5,453 |
| 17 years | $9,148 |
| 19 years | $12,844 |
| 21 years | $16,539 |
| 23 years | $20,234 |
| 25 years | $23,929 |
Top Solar Installers in Grayson Valley
When going solar, many homeowners prefer to use a solar installation company since putting up solar panels yourself can be a challenging project. Another advantage of going with a solar company is that they can help you maximize your ROI by cutting back on future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- 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
- 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 Grayson Valley
Factors that Affect Solar Panel Costs in Grayson Valley
For many Grayson Valley homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Grayson Valley, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Grayson Valley average.
Solar Financing Terms
Many homeowners find the average cost of solar in Grayson Valley to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.Although solar loans make going solar more accessible for Grayson Valley homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Grayson Valley, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that provides the products, warranties and services you want 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 | $3.63 | $15,244 | $18,554 | 11.3 years |
| 8 kW | $3.56 | $19,935 | $25,129 | 11.1 years |
| 10 kW | $3.49 | $24,430 | $31,900 | 10.8 years |
| 12 kW | $3.42 | $28,730 | $38,866 | 10.6 years |
| 14 kW | $3.35 | $32,834 | $46,028 | 10.4 years |
| 16 kW | $3.28 | $36,743 | $53,385 | 10.2 years |
| 18 kW | $3.21 | $40,456 | $60,938 | 10.0 years |
| 20 kW | $3.14 | $43,974 | $68,686 | 9.8 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your total costs, but also the types 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:
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
Best National Provider
SunPower
- 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
- 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 Grayson Valley, AL Solar Cost FAQs
What is the average cost of installing solar panels in Grayson Valley?
The average cost of solar panels in Grayson Valley is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Grayson Valley?
Solar panels aren’t free in Grayson Valley, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Grayson Valley have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
How many solar panels do I need to power my home?
To figure out what solar panel system size 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.