Solar Panel Cost Guide in Hokes Bluff, AL (2025 Update)
- Hokes Bluff Solar Installation Cost: $22,590
- 25-Year Savings: $35,552
- Payback Period: 11.0 Years
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Average Cost of Solar Panels in Hokes Bluff
Find out what the average cost of installing solar panels is in Hokes Bluff.
The national average cost of solar panels is $2.66 per watt, but in Hokes Bluff it’s 3 per watt.Because a 9.2-kW system is needed to cover the energy costs of a typical home in Hokes Bluff, the average price of going solar will be about $22,590 after claiming the federal solar tax credit of 0.
The actual price you pay can be higher or lower than the average in Hokes Bluff depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire.But, once you've paid the initial cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $21,000 over 20 years on utility bills.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Hokes Bluff
| Year | Return on Investment |
|---|---|
| 1 years | $-20,743 |
| 3 years | $-17,047 |
| 5 years | $-13,352 |
| 7 years | $-9,657 |
| 9 years | $-5,962 |
| 11 years | $-2,267 |
| 13 years | $1,428 |
| 15 years | $5,124 |
| 17 years | $8,819 |
| 19 years | $12,514 |
| 21 years | $16,209 |
| 23 years | $19,904 |
| 25 years | $23,599 |
Top Solar Installers in Hokes Bluff
When making the switch to solar, many homeowners choose to hire a solar installer since putting up solar panels yourself can be a difficult project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
See all of the solar companies in Hokes Bluff
Factors that Affect Solar Panel Costs in Hokes Bluff
For many Hokes Bluff homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Hokes Bluff, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Hokes Bluff, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past power bills. Your total cost can increase by about $3,490 for each additional kilowatt you need.The model of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Hokes Bluff homeowners decide to finance their solar panel systems to offset upfront costs.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can influence the cost. Hokes Bluff’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $18,114 | 11.4 years |
| 8 kW | $3.56 | $19,935 | $24,543 | 11.2 years |
| 10 kW | $3.49 | $24,430 | $31,167 | 11.0 years |
| 12 kW | $3.42 | $28,730 | $37,987 | 10.8 years |
| 14 kW | $3.35 | $32,834 | $45,002 | 10.5 years |
| 16 kW | $3.28 | $36,743 | $52,212 | 10.3 years |
| 18 kW | $3.21 | $40,456 | $59,618 | 10.1 years |
| 20 kW | $3.14 | $43,974 | $67,220 | 9.9 years |
How to Save on Solar Panels
There are numerous companies available in Hokes Bluff, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
EcoWatch's Hokes Bluff, AL Solar Cost FAQs
What is the average cost of installing solar panels in Hokes Bluff?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Hokes Bluff?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses 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 household 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.