Solar Panel Cost Guide in Holtville, AL (2023 Update)
- Holtville Solar Installation Cost: $15,161
- 25-Year Savings: $35,740
- Payback Period: 7.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Holtville
Let's take a look at the average cost of solar in Holtville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Holtville, the typical cost of a solar system is 2.45 per watt. To cover the typical energy usage of the average home in Holtville, most homeowners require a 8.8-kilowatt system. Using the figure above, a solar installation costs about $15,161, or $21,680 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and the cost of going solar for you may vary based on factors unique to your home and what company you go with. Despite the high initial cost, the average Holtville homeowner can save about $22,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a pre-vetted solar installer in Holtville, you can click the button below.
Solar savings over time in Holtville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,313 |
| 3 years | $-9,618 |
| 5 years | $-5,923 |
| 7 years | $-2,228 |
| 9 years | $1,467 |
| 11 years | $5,162 |
| 13 years | $8,858 |
| 15 years | $12,553 |
| 17 years | $16,248 |
| 19 years | $19,943 |
| 21 years | $23,638 |
| 23 years | $27,333 |
| 25 years | $31,029 |
Top Solar Installers in Holtville
Although it's possible to install solar panels on your own, it requires extra labor and knowledge. Because of that, most homeowners choose to go with a solar panel installer. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
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 Holtville
Factors that Affect Solar Panel Costs in Holtville
For many Holtville homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Holtville, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,450. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Holtville, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Holtville homeowners decide to finance their solar panel systems to offset upfront costs. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Holtville is the company you get to install your solar system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Holtville have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $23,846 | 7.7 years |
| 8 kW | $2.50 | $13,994 | $32,069 | 7.6 years |
| 10 kW | $2.45 | $17,150 | $40,429 | 7.4 years |
| 12 kW | $2.40 | $20,168 | $48,926 | 7.3 years |
| 14 kW | $2.35 | $23,050 | $57,561 | 7.1 years |
| 16 kW | $2.30 | $25,794 | $66,333 | 7.0 years |
| 18 kW | $2.25 | $28,400 | $75,242 | 6.9 years |
| 20 kW | $2.21 | $30,870 | $84,288 | 6.7 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Before signing a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
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 Holtville, AL Solar Cost FAQs
How much does it cost to install solar panels in Holtville?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,250 for a 5-kW system and $24,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Holtville?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How will having solar panels impact my property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Holtville is currently $155,319, which means you could be looking at a value of about $6,368 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Holtville is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 account for 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.