Solar Panel Cost Guide in Moody, AL (2024 Update)
- Moody Solar Installation Cost: $22,355
- 25-Year Savings: $35,563
- Payback Period: 10.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Moody
Let’s have a look at the average cost of solar in Moody.
While the national average of solar panels is $2.66 per watt, solar panels in Moody typically cost about 3.The average Moody homeowner needs a 9.2-kilowatt system, which would cost about $22,355 with the federal tax credit, or $31,968 before the 0 tax credit is applied.
How much you pay can be higher or lower than the average in Moody based on several factors, such as the model of solar panels you choose and the solar installer you hire.Despite the large upfront cost, the average Moody homeowner can save around $21,000 on their energy bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a reputable solar company in Moody for a personalized estimate.
Solar savings over time in Moody
| Year | Return on Investment |
|---|---|
| 1 years | $-20,507 |
| 3 years | $-16,812 |
| 5 years | $-13,117 |
| 7 years | $-9,422 |
| 9 years | $-5,727 |
| 11 years | $-2,032 |
| 13 years | $1,663 |
| 15 years | $5,359 |
| 17 years | $9,054 |
| 19 years | $12,749 |
| 21 years | $16,444 |
| 23 years | $20,139 |
| 25 years | $23,834 |
Top Solar Installers in Moody
Many homeowners choose to use a solar panel installer since trying to install solar panels by yourself can be hard. Local solar companies can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
For many Moody homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Moody, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,490. The kind of solar equipment you choose can bring your price up or down 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, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Moody average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Moody homeowners choose to finance their solar panel systems to offset upfront costs.It’s wise to add 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Moody is the company you hire to install your solar system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services for different budgets.Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $3.63 | $15,244 | $18,364 | 11.3 years |
| 8 kW | $3.56 | $19,935 | $24,876 | 11.1 years |
| 10 kW | $3.49 | $24,430 | $31,583 | 10.9 years |
| 12 kW | $3.42 | $28,730 | $38,486 | 10.7 years |
| 14 kW | $3.35 | $32,834 | $45,585 | 10.5 years |
| 16 kW | $3.28 | $36,743 | $52,879 | 10.2 years |
| 18 kW | $3.21 | $40,456 | $60,368 | 10.0 years |
| 20 kW | $3.14 | $43,974 | $68,053 | 9.8 years |
How to Save on Solar Panels
There are many companies to choose from in Moody, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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?
The average cost of solar panels in Moody is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Moody?
A solar panel system isn’t free in Moody, 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 help lower the cost.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home remarkably 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."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs 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 install 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.