Solar Panel Cost Guide in Haleyville, AL (2023 Update)
- Haleyville Solar Installation Cost: $15,761
- 25-Year Savings: $33,706
- Payback Period: 8.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Haleyville
Let's take a look at the average cost of solar in Haleyville.
The average cost of a solar panel system in Haleyville is 2.45 per watt. To account for the typical energy usage of the average home in Haleyville, most homeowners require a 9.2-kilowatt system. Using the figure above, a solar installation costs around $15,761, or $22,538 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Haleyville homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find adopting solar power is a sound investment. The average homeowner in Haleyville can save around $20,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Haleyville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Haleyville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,782 |
| 3 years | $-9,825 |
| 5 years | $-5,868 |
| 7 years | $-1,910 |
| 9 years | $2,047 |
| 11 years | $6,004 |
| 13 years | $9,962 |
| 15 years | $13,919 |
| 17 years | $17,876 |
| 19 years | $21,834 |
| 21 years | $25,791 |
| 23 years | $29,748 |
| 25 years | $33,706 |
Top Solar Installers in Haleyville
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Going with a solar panel installer can make switching to solar power much easier. The expertise that solar installers offer can be valuable as well, particularly if you don't quite know what kind of solar equipment you need.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Haleyville: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Haleyville, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Haleyville have solar loans, which reduce the initial cost of installing solar panels. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, 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 opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies operating in Haleyville, and each can charge different amounts for labor and equipment. Companies that 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 cost more. It's best to do some research and decide on the company that has 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 | $2.55 | $10,702 | $21,582 | 8.3 years |
| 8 kW | $2.50 | $13,994 | $29,050 | 8.1 years |
| 10 kW | $2.45 | $17,150 | $36,656 | 8.0 years |
| 12 kW | $2.40 | $20,168 | $44,398 | 7.8 years |
| 14 kW | $2.35 | $23,050 | $52,278 | 7.6 years |
| 16 kW | $2.30 | $25,794 | $60,295 | 7.5 years |
| 18 kW | $2.25 | $28,400 | $68,450 | 7.3 years |
| 20 kW | $2.21 | $30,870 | $76,741 | 7.2 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar company 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.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Contract: Before signing a contract with a solar company, 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.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
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
What is the average cost of installing solar panels in Haleyville?
The average cost of solar panels in Haleyville 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 type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Haleyville, 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 check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home 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.