Solar Panel Cost Guide in Holtville, AL (Feb 2023)
- Holtville Solar Installation Cost: $15,161
- 25-Year Savings: $35,741
- Payback Period: 7.4 Years
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Top Solar Installers in Holtville
When going solar, many homeowners prefer to go with a solar installer since putting up a solar system yourself can be a time-consuming project. The expertise that solar companies provide can be useful as well, especially if you aren't sure what kind of solar equipment you need.
If you're looking for a solar installer in Holtville, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Holtville
Factors that Affect Solar Panel Costs in Holtville
The cost of installing a solar system in Holtville 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 home needs, and other factors include equipment choices, financing options and the solar company you choose.
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable 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. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Holtville to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time due to interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Holtville is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there's no shortage of solar installers that provide a range of services at different price points. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for and also fit into your budget.
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
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Contract: Review the contract terms closely to make sure you understand the total cost, project timeline incentives and warranties.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- 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 how long it will take.
EcoWatch's Holtville, AL Solar Cost FAQs
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.