Solar Panel Cost Guide in Midfield, AL (2024 Update)
- Midfield Solar Installation Cost: $22,260
- 25-Year Savings: $31,945
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Midfield
Let’s take a look at the average cost of solar in Midfield.
The average cost of solar panels in Midfield is 3 per watt.To cover the typical energy usage of the average home in Midfield, most homeowners require a 9.1-kilowatt system. Using the figure above, a solar installation costs around $22,260, or $31,832 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy needs, the type of solar system you choose, your solar contractor and more.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Midfield see about $20,000 in savings on energy bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Midfield
| Year | Return on Investment |
|---|---|
| 1 years | $-20,413 |
| 3 years | $-16,718 |
| 5 years | $-13,022 |
| 7 years | $-9,327 |
| 9 years | $-5,632 |
| 11 years | $-1,937 |
| 13 years | $1,758 |
| 15 years | $5,453 |
| 17 years | $9,148 |
| 19 years | $12,844 |
| 21 years | $16,539 |
| 23 years | $20,234 |
| 25 years | $23,929 |
Top Solar Installers in Midfield
Although you can install solar panels yourself, it involves extra labor and know-how. That's why the majority of homeowners choose to go with a solar panel installer. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
You can work with a local solar installer to get a free quote on the cost of solar panels 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 Midfield
Factors that Affect Solar Panel Costs in Midfield
Though the average cost of a solar system in Midfield is $22,260, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The kind of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the amount of 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 principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Midfield, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Midfield 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 | $3.63 | $15,244 | $16,081 | 12.2 years |
| 8 kW | $3.56 | $19,935 | $21,832 | 11.9 years |
| 10 kW | $3.49 | $24,430 | $27,779 | 11.7 years |
| 12 kW | $3.42 | $28,730 | $33,921 | 11.5 years |
| 14 kW | $3.35 | $32,834 | $40,258 | 11.2 years |
| 16 kW | $3.28 | $36,743 | $46,791 | 11.0 years |
| 18 kW | $3.21 | $40,456 | $53,519 | 10.8 years |
| 20 kW | $3.14 | $43,974 | $60,443 | 10.5 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 brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Reputation: Long-running 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 quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The brand of solar panel you’d like to install plays a part in which installer you should opt for, since different companies have access to different panels.
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand what services your solar company will provide 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 Midfield, AL Solar Cost FAQs
What is the average cost of installing solar panels in Midfield?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Midfield?
Solar panels aren’t free in Midfield, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,044.17 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.