Solar Panel Cost Guide in Grayson Valley, AL (2023 Update)
- Grayson Valley Solar Installation Cost: $15,624
- 25-Year Savings: $35,704
- Payback Period: 7.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Grayson Valley
Find out what the average cost of solar panel installation is in Grayson Valley.
In Grayson Valley, solar panels cost about 2.45 per watt on average. Since a 9.1-kW system is needed to cover the energy consumption of a typical home in Grayson Valley, the average price of going solar will be about $15,624 after claiming the federal solar tax credit of 30%.
How much you pay can go above or below the average in Grayson Valley depending on a variety of factors, such as the brand of solar panels you choose and the solar company you hire. With typical savings of about $21,000 on electricity bills over 20 years, many homeowners in Grayson Valley find going solar has a decent ROI.
Click the button below to get connected to a vetted solar panel company in Grayson Valley for a customized quote.
Solar savings over time in Grayson Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-13,571 |
| 3 years | $-9,464 |
| 5 years | $-5,358 |
| 7 years | $-1,252 |
| 9 years | $2,854 |
| 11 years | $6,961 |
| 13 years | $11,067 |
| 15 years | $15,173 |
| 17 years | $19,279 |
| 19 years | $23,385 |
| 21 years | $27,492 |
| 23 years | $31,598 |
| 25 years | $35,704 |
Top Solar Installers in Grayson Valley
When making the switch to solar, many homeowners opt to hire a solar installation company since installing a solar system yourself can be a challenging project. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and part replacements.
If you're searching for a solar company in Grayson Valley, the EcoWatch team has organized a list of our top suggestions here:
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
The cost of installing a solar system in Grayson Valley can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest 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
When it comes to estimating the price of a solar panel system in Grayson Valley, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past power bills. Your total cost can increase by about $2,450 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Grayson Valley, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. Though solar loans make switching to solar energy more accessible for Grayson Valley homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can impact the cost. Grayson Valley's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $23,096 | 7.9 years |
| 8 kW | $2.50 | $13,994 | $31,070 | 7.8 years |
| 10 kW | $2.45 | $17,150 | $39,180 | 7.6 years |
| 12 kW | $2.40 | $20,168 | $47,428 | 7.5 years |
| 14 kW | $2.35 | $23,050 | $55,812 | 7.3 years |
| 16 kW | $2.30 | $25,794 | $64,334 | 7.2 years |
| 18 kW | $2.25 | $28,400 | $72,994 | 7.0 years |
| 20 kW | $2.21 | $30,870 | $81,790 | 6.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
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 $12,250 for a 5-kW system and $24,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Grayson Valley?
You can't get solar panels for free in Grayson Valley. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Grayson Valley, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.