Solar Panel Cost Guide in Moores Mill, AL (2024 Update)
- Moores Mill Solar Installation Cost: $23,035
- 25-Year Savings: $5,235
- Payback Period: 26.9 Years
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Average Cost of Solar Panels in Moores Mill
We break down average solar pricing in Moores Mill.
The average cost of solar panels in Moores Mill is 3 per watt.The average Moores Mill homeowner needs a 9.4-kilowatt system, which would cost about $23,035 with the federal tax credit, or $32,940 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of installing solar panels can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with.But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $9,100 over 20 years on energy bills.
You can click the button below to get connected with a pre-vetted solar company in Moores Mill that can help you get a more accurate cost estimate for your home.
Solar savings over time in Moores Mill
| Year | Return on Investment |
|---|---|
| 1 years | $-21,650 |
| 3 years | $-18,882 |
| 5 years | $-16,114 |
| 7 years | $-13,345 |
| 9 years | $-10,577 |
| 11 years | $-7,809 |
| 13 years | $-5,040 |
| 15 years | $-2,272 |
| 17 years | $496 |
| 19 years | $3,265 |
| 21 years | $6,033 |
| 23 years | $8,802 |
| 25 years | $11,570 |
Top Solar Installers in Moores Mill
Although it's possible to install solar panels yourself, it requires extra effort and handiness. That's one of the reasons most people choose a solar panel installer. Also, if you’d like to maximize your investment in solar, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
If you're searching for a solar company in Moores Mill, the EcoWatch team has organized a list of our top suggestions here:
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 Moores Mill
Factors that Affect Solar Panel Costs in Moores Mill
There are many factors that can determine 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
The size of the solar panel system you need, 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 $3,490. There are a lot of different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your total costs, so it’s important to keep that in mind as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you hire to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar installation companies operating in Moores Mill, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.63 | $15,244 | $-1,623 | 28.0 years |
| 8 kW | $3.56 | $19,935 | $-1,773 | 27.4 years |
| 10 kW | $3.49 | $24,430 | $-1,728 | 26.9 years |
| 12 kW | $3.42 | $28,730 | $-1,487 | 26.4 years |
| 14 kW | $3.35 | $32,834 | $-1,051 | 25.8 years |
| 16 kW | $3.28 | $36,743 | $-420 | 25.3 years |
| 18 kW | $3.21 | $40,456 | $407 | 24.8 years |
| 20 kW | $3.14 | $43,974 | $1,430 | 24.2 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: Although reading through a contract can take a lot of time, 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.
- 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 installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
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 Moores Mill, AL Solar Cost FAQs
What is the average cost of installing solar panels in Moores Mill?
The average cost of solar panels in Moores Mill 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 such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Moores Mill?
Solar panels aren’t free in Moores Mill, 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 you can take advantage of.
Do solar panels increase your home value?
Solar panels can increase your property’s value considerably 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?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a 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 cover 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.