Solar Panel Cost Guide in Ladonia, AL (2023 Update)
- Ladonia Solar Installation Cost: $15,075
- 25-Year Savings: $34,467
- Payback Period: 7.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Ladonia
Let's take a look at the average cost of solar panels in Ladonia.
The national average cost of solar panels is $2.66 per watt, but in Ladonia it's 2.45 per watt. Using this figure, a typical 8.8-kW system would cost about $15,075 before the 30% federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you may look different based on factors unique to your home and what company you go with. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $21,000 over 20 years on utility bills.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Ladonia
| Year | Return on Investment |
|---|---|
| 1 years | $-13,093 |
| 3 years | $-9,130 |
| 5 years | $-5,166 |
| 7 years | $-1,203 |
| 9 years | $2,760 |
| 11 years | $6,724 |
| 13 years | $10,687 |
| 15 years | $14,650 |
| 17 years | $18,614 |
| 19 years | $22,577 |
| 21 years | $26,540 |
| 23 years | $30,504 |
| 25 years | $34,467 |
Top Solar Installers in Ladonia
Installing solar panels on your own can be a difficult task, which is why using a solar installation company is a good option for many homeowners. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
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 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 Ladonia
Factors that Affect Solar Panel Costs in Ladonia
There are several factors that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
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 power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,450 per kilowatt in Ladonia. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, like solar batteries, can bump up your total well above the Ladonia average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Ladonia homeowners choose to finance their solar panel systems to make paying for solar more affordable. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you pick will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that offers the products, warranties and services you're looking for and also fits within 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 | $23,114 | 7.9 years |
| 8 kW | $2.50 | $13,994 | $31,092 | 7.8 years |
| 10 kW | $2.45 | $17,150 | $39,209 | 7.6 years |
| 12 kW | $2.40 | $20,168 | $47,462 | 7.5 years |
| 14 kW | $2.35 | $23,050 | $55,852 | 7.3 years |
| 16 kW | $2.30 | $25,794 | $64,380 | 7.2 years |
| 18 kW | $2.25 | $28,400 | $73,045 | 7.0 years |
| 20 kW | $2.21 | $30,870 | $81,847 | 6.8 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity 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 closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
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 Ladonia, AL Solar Cost FAQs
What is the average cost of installing solar panels in Ladonia?
The average cost of solar panels in Ladonia is about $12,250 for a 5-kW system and $24,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model 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?
Cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,127.17 per year.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.