Solar Panel Cost Guide in Haleyville, AL (2024 Update)
- Haleyville Solar Installation Cost: $22,460
- 25-Year Savings: $33,700
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Haleyville
Let’s have a look at the average cost of solar panels in Haleyville.
The average cost of a solar system in Haleyville is 3 per watt.Since a 9.2-kW system is needed to cover the energy needs of a typical home in Haleyville, the average price of going solar will be about $22,460 after claiming the federal solar tax credit of 0.
The true cost of your system can go higher or lower than the average in Haleyville based on a few factors, such as the model of solar panels you choose and the solar contractor you hire.But, after you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $20,000 over 20 years on electricity bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Haleyville
| Year | Return on Investment |
|---|---|
| 1 years | $-20,612 |
| 3 years | $-16,917 |
| 5 years | $-13,222 |
| 7 years | $-9,527 |
| 9 years | $-5,832 |
| 11 years | $-2,136 |
| 13 years | $1,559 |
| 15 years | $5,254 |
| 17 years | $8,949 |
| 19 years | $12,644 |
| 21 years | $16,339 |
| 23 years | $20,035 |
| 25 years | $23,730 |
Top Solar Installers in Haleyville
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Going with a solar panel installer can make your switch to solar power much easier. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you’d like to make the switch to solar but still aren’t certain which solar installer to go with, here are our recommendations for providers near you:
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 Haleyville
Factors that Affect Solar Panel Costs in Haleyville
For many Haleyville homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Haleyville, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.There are several different solar panel brands and the one you choose also changes the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Plus, 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
If paying for a solar system out of pocket is out of reach, solar loans are an affordable route because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.Although solar loans make switching to solar energy more accessible for Haleyville homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Haleyville is the company you get to install your PV system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services at different costs.Additionally, some companies in Haleyville know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $17,039 | 11.8 years |
| 8 kW | $3.56 | $19,935 | $23,110 | 11.6 years |
| 10 kW | $3.49 | $24,430 | $29,376 | 11.4 years |
| 12 kW | $3.42 | $28,730 | $35,837 | 11.1 years |
| 14 kW | $3.35 | $32,834 | $42,494 | 10.9 years |
| 16 kW | $3.28 | $36,743 | $49,346 | 10.7 years |
| 18 kW | $3.21 | $40,456 | $56,394 | 10.4 years |
| 20 kW | $3.14 | $43,974 | $63,637 | 10.2 years |
How to Save on Solar Panels
There are numerous companies available in Haleyville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: When making the switch to solar energy, it’s crucial to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the project completion timeline.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- Contract: Though reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
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 Haleyville, AL Solar Cost FAQs
How much does it cost to install solar panels in Haleyville?
The average cost of solar panels in Haleyville 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 things like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Haleyville?
You can’t get solar panels for free in Haleyville. However, you may still be able to afford 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.
How will solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Haleyville is currently $119,757, which means you can expect a value of about $4,910 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Haleyville is a fruitful investment.
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 level 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.