Solar Panel Cost Guide in Odenville, AL (2023 Update)
- Odenville Solar Installation Cost: $15,693
- 25-Year Savings: $35,634
- Payback Period: 7.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Odenville
Let's have a look at the average cost of solar panels in Odenville.
The national average cost of solar panels is $2.66 per watt, but in Odenville it's 2.45 per watt. The average solar panel system size in Odenville 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.
Keep in mind that the figures above are only estimates based on the average energy use of Odenville homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Despite the high upfront cost, the average Odenville homeowner can save around $21,000 on their power bills over 20 years, which is one of the advantages of solar.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Odenville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,846 |
| 3 years | $-10,151 |
| 5 years | $-6,455 |
| 7 years | $-2,760 |
| 9 years | $935 |
| 11 years | $4,630 |
| 13 years | $8,325 |
| 15 years | $12,020 |
| 17 years | $15,715 |
| 19 years | $19,411 |
| 21 years | $23,106 |
| 23 years | $26,801 |
| 25 years | $30,496 |
Top Solar Installers in Odenville
Trying to install solar panels by yourself can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. The expertise that solar installers provide can be valuable as well, particularly if you aren't sure what brand of solar equipment would be right for your home.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Odenville
Factors that Affect Solar Panel Costs in Odenville
There are many criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, 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 about $2,450. The type of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Odenville to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time because of interest. Though solar loans make adopting solar energy more accessible for Odenville homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Odenville, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that offers the products, warranties and services you want and also fit into 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 | $22,953 | 7.9 years |
| 8 kW | $2.50 | $13,994 | $30,879 | 7.8 years |
| 10 kW | $2.45 | $17,150 | $38,941 | 7.6 years |
| 12 kW | $2.40 | $20,168 | $47,141 | 7.5 years |
| 14 kW | $2.35 | $23,050 | $55,478 | 7.3 years |
| 16 kW | $2.30 | $25,794 | $63,953 | 7.2 years |
| 18 kW | $2.25 | $28,400 | $72,564 | 7.0 years |
| 20 kW | $2.21 | $30,870 | $81,313 | 6.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, 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:
- Warranty: If you're concerned about the longevity of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
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 Odenville, AL Solar Cost FAQs
What is the average cost of installing solar panels in Odenville?
This is a hard question to answer exactly, because the cost depends on a variety of 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 extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Odenville?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 get 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.