Solar Panel Cost Guide in Jackson, AL (2023 Update)
- Jackson Solar Installation Cost: $14,931
- 25-Year Savings: $33,104
- Payback Period: 7.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Jackson
Find out what the average cost of installing solar panels is in Jackson.
The average cost of a solar system in Jackson is 2.45 per watt. Using this figure, a typical 8.7-kW system would cost about $14,938 before the 30% federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Jackson based on several factors, such as the brand of solar panels you choose and the solar contractor you hire. Even with the high upfront cost, the average Jackson homeowner can save around $21,000 on their electricity bills over 20 years, which is one of the perks of solar.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Jackson
| Year | Return on Investment |
|---|---|
| 1 years | $-14,771 |
| 3 years | $-14,451 |
| 5 years | $-14,131 |
| 7 years | $-13,810 |
| 9 years | $-13,490 |
| 11 years | $-13,170 |
| 13 years | $-12,850 |
| 15 years | $-12,529 |
| 17 years | $-12,209 |
| 19 years | $-11,889 |
| 21 years | $-11,569 |
| 23 years | $-11,248 |
| 25 years | $-10,928 |
Top Solar Installers in Jackson
When making the switch to solar, many homeowners opt to go with a solar company since putting up a solar system yourself can be a difficult project. The payback period on an investment in solar panels will vary based on factors like your location and energy consumption, but going with a solar installer can shorten it. Your provider will be able to help you identify incentives available in your area.
If you'd like to switch to solar energy but still aren't certain which solar system installer 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 Jackson
Factors that Affect Solar Panel Costs in Jackson
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Jackson: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,450. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Jackson, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Jackson provide solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also adds to your total costs, so it's vital to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Jackson, and each can charge different amounts for labor and equipment. Additionally, some companies in Jackson know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $22,402 | 8.1 years |
| 8 kW | $2.50 | $13,994 | $30,144 | 7.9 years |
| 10 kW | $2.45 | $17,150 | $38,023 | 7.8 years |
| 12 kW | $2.40 | $20,168 | $46,039 | 7.6 years |
| 14 kW | $2.35 | $23,050 | $54,193 | 7.5 years |
| 16 kW | $2.30 | $25,794 | $62,483 | 7.3 years |
| 18 kW | $2.25 | $28,400 | $70,911 | 7.1 years |
| 20 kW | $2.21 | $30,870 | $79,476 | 7.0 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose considerably affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been operating for many years likely have a high 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.
- Solar Panel Brands: The model of solar panel you'd like plays a role in which installer you should opt for, since different companies provide different panels.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 Jackson, AL Solar Cost FAQs
What is the average cost of installing solar panels in Jackson?
This is a hard question to answer precisely, because the cost depends on many 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 cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Jackson?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in Jackson?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 amount of sunlight your roof gets. You can 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 get 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.