Solar Panel Cost Guide in Moody, AL (Mar 2023)
- Moody Solar Installation Cost: $15,692
- 25-Year Savings: $35,564
- Payback Period: 7.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Moody
Here's how much it might cost to make the switch to solar in Moody.
The average cost of a solar system in Moody is 2.45 per watt. The average solar panel system size in Moody is around 9.2 kilowatts, meaning a cost of about $15,692 for a solar installation, or $22,440 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary depending on several factors, such as how many panels you need, your energy usage and what installation company you go with. With average savings of about $21,000 on utility bills over 20 years, many homeowners in Moody find investing in solar can be quite rewarding.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Moody
| Year | Return on Investment |
|---|---|
| 1 years | $-13,642 |
| 3 years | $-9,541 |
| 5 years | $-5,441 |
| 7 years | $-1,340 |
| 9 years | $2,760 |
| 11 years | $6,861 |
| 13 years | $10,961 |
| 15 years | $15,062 |
| 17 years | $19,162 |
| 19 years | $23,262 |
| 21 years | $27,363 |
| 23 years | $31,464 |
| 25 years | $35,564 |
Top Solar Installers in Moody
When switching to solar energy, many homeowners prefer to go with a solar installation company since putting up a solar system yourself can be a challenging project. Companies can also have access to a large variety of the best solar panels and help you decide which one will be best for your family.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Moody
Factors that Affect Solar Panel Costs in Moody
There are several factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Moody, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by about $2,450 for each additional kilowatt you need. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 over time on your electric bills. Additionally, extra products, such as solar batteries, can bring your total well above the Moody average.
Solar Financing Terms
Most solar installers in Moody provide solar loans, which reduce the initial cost of installing solar. 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Moody, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $22,906 | 8.0 years |
| 8 kW | $2.50 | $13,994 | $30,816 | 7.8 years |
| 10 kW | $2.45 | $17,150 | $38,863 | 7.7 years |
| 12 kW | $2.40 | $20,168 | $47,048 | 7.5 years |
| 14 kW | $2.35 | $23,050 | $55,369 | 7.3 years |
| 16 kW | $2.30 | $25,794 | $63,828 | 7.2 years |
| 18 kW | $2.25 | $28,400 | $72,424 | 7.0 years |
| 20 kW | $2.21 | $30,870 | $81,157 | 6.9 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 choosing a company can be difficult, we have some tips to help you, such as:
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.
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 Moody, AL Solar Cost FAQs
What is the average cost of installing solar panels in Moody?
This is a tough question to answer exactly, because the cost depends on a few different 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 additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Moody?
A solar panel system isn't free in Moody, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase the value of your home?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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 house 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.