Solar Panel Cost Guide in Hokes Bluff, AL (Mar 2023)
- Hokes Bluff Solar Installation Cost: $15,864
- 25-Year Savings: $35,546
- Payback Period: 7.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Hokes Bluff
Here's how much it might cost to go solar in Hokes Bluff.
The average cost of a solar system in Hokes Bluff is 2.45 per watt. Using this figure, a typical 9.2-kW system would cost about $15,864 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Hokes Bluff homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the significant upfront cost, the average Hokes Bluff homeowner can save about $21,000 on their electricity bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a top solar company in Hokes Bluff for a customized quote.
Solar savings over time in Hokes Bluff
| Year | Return on Investment |
|---|---|
| 1 years | $-13,807 |
| 3 years | $-9,695 |
| 5 years | $-5,582 |
| 7 years | $-1,469 |
| 9 years | $2,644 |
| 11 years | $6,757 |
| 13 years | $10,869 |
| 15 years | $14,982 |
| 17 years | $19,095 |
| 19 years | $23,208 |
| 21 years | $27,321 |
| 23 years | $31,433 |
| 25 years | $35,546 |
Top Solar Installers in Hokes Bluff
When going solar, many homeowners opt to go with a solar installation company since installing solar panels yourself can be a time-consuming project. A solar company can also help save you money in the long run by providing warranties, repairs and system component replacements.
If you'd like to go solar but still aren't sure which solar company to go with, here are our recommendations for providers nearby:
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 Hokes Bluff
Factors that Affect Solar Panel Costs in Hokes Bluff
Though the average cost of a solar system in Hokes Bluff is $15,864, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Hokes Bluff, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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
If paying for a solar system in cash is difficult, solar loans are an affordable route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. Though solar loans make adopting solar energy more accessible for Hokes Bluff homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can impact how much it costs. 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 because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $22,657 | 8.0 years |
| 8 kW | $2.50 | $13,994 | $30,483 | 7.9 years |
| 10 kW | $2.45 | $17,150 | $38,447 | 7.7 years |
| 12 kW | $2.40 | $20,168 | $46,548 | 7.6 years |
| 14 kW | $2.35 | $23,050 | $54,786 | 7.4 years |
| 16 kW | $2.30 | $25,794 | $63,162 | 7.2 years |
| 18 kW | $2.25 | $28,400 | $71,674 | 7.1 years |
| 20 kW | $2.21 | $30,870 | $80,324 | 6.9 years |
How to Save on Solar Panels
There are many companies available in Hokes Bluff, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar installer. See to it that you understand how the installation process works and the project timeline.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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 Hokes Bluff, AL Solar Cost FAQs
What is the average cost of installing solar panels in Hokes Bluff?
The average cost of solar panels in Hokes Bluff 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 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 thing to keep in mind when buying solar panels?
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 places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is going solar worth it?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption 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.