Solar Panel Cost Guide in Holt, AL (2023 Update)
- Holt Solar Installation Cost: $15,393
- 25-Year Savings: $35,934
- Payback Period: 7.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Holt
Find out what the average cost of a solar system is in Holt.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Holt, the typical cost of a solar system is 2.45 per watt. The average solar panel system size in Holt is around 9.0 kilowatts, meaning a cost of about $15,401 for a solar installation, or $22,023 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Holt homeowners. The cost 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. Many homeowners find adopting solar power is a sound investment. The average homeowner in Holt can save around $22,000 on their energy bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Holt
| Year | Return on Investment |
|---|---|
| 1 years | $-13,546 |
| 3 years | $-9,851 |
| 5 years | $-6,155 |
| 7 years | $-2,460 |
| 9 years | $1,235 |
| 11 years | $4,930 |
| 13 years | $8,625 |
| 15 years | $12,320 |
| 17 years | $16,016 |
| 19 years | $19,711 |
| 21 years | $23,406 |
| 23 years | $27,101 |
| 25 years | $30,796 |
Top Solar Installers in Holt
Trying to put up solar panels on your own can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be right for your home.
Working with a professional solar installer can help your solar project go smoothly. 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 Holt
Factors that Affect Solar Panel Costs in Holt
The cost of installing a solar system in Holt can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $2,450 per kilowatt in Holt. There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also be more expensive. In addition, 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
Most solar companies in Holt provide solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also increases your overall costs, so it's important to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the massive popularity of clean energy solutions in Holt, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. The company's size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $23,609 | 7.8 years |
| 8 kW | $2.50 | $13,994 | $31,754 | 7.6 years |
| 10 kW | $2.45 | $17,150 | $40,035 | 7.5 years |
| 12 kW | $2.40 | $20,168 | $48,454 | 7.3 years |
| 14 kW | $2.35 | $23,050 | $57,009 | 7.2 years |
| 16 kW | $2.30 | $25,794 | $65,702 | 7.0 years |
| 18 kW | $2.25 | $28,400 | $74,533 | 6.9 years |
| 20 kW | $2.21 | $30,870 | $83,500 | 6.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: If you care about the durability of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Each solar panel brand and type 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: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Reputation: Long-standing companies 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 adequate 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 Holt, AL Solar Cost FAQs
What is the average cost of installing solar panels in Holt?
The average cost of solar panels in Holt 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 things such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Holt?
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 give you credit toward your future electricity bills.
How long do solar panels last in Holt?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.