Solar Panel Cost Guide in Haleyville, AL (2023 Update)
- Haleyville Solar Installation Cost: $15,767
- 25-Year Savings: $33,700
- Payback Period: 8.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Haleyville
Here's how much it might cost to go solar in Haleyville.
The average cost of solar panels in Haleyville is 2.45 per watt. The average solar panel system size in Haleyville is around 9.2 kilowatts, meaning a cost of about $15,761 for a solar installation, or $22,538 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of equipment you want, your solar contractor and more. For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Haleyville see about $20,000 in savings on electricity bills over 20 years.
To receive a free estimate from a top solar company in Haleyville, you can click the button below.
Solar savings over time in Haleyville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,919 |
| 3 years | $-10,224 |
| 5 years | $-6,529 |
| 7 years | $-2,834 |
| 9 years | $861 |
| 11 years | $4,556 |
| 13 years | $8,252 |
| 15 years | $11,947 |
| 17 years | $15,642 |
| 19 years | $19,337 |
| 21 years | $23,032 |
| 23 years | $26,727 |
| 25 years | $30,423 |
Top Solar Installers in Haleyville
Installing solar panels by yourself can be a stressful task, which is why getting a solar installer is a good option for many homeowners. Plus, if you're not certain what kind of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Haleyville:
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
There are many criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,450. The type of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your overall costs, so it's vital to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies in Haleyville, and each can charge different amounts for labor and equipment. Additionally, some companies in Haleyville have more knowledge about local solar incentives and can help you make good use of 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 end up saving you 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 | $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
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Contract: Read the contract terms closely to make sure you understand the overall cost, project timeline incentives and warranties.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, 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
How much does it cost to install 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 real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Haleyville?
Each state has some kind 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 electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.