Solar Panel Cost Guide in Odenville, AL (Mar 2023)
- Odenville Solar Installation Cost: $15,692
- 25-Year Savings: $35,636
- Payback Period: 7.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Odenville
See how much it might cost to make the switch to solar in Odenville.
The national average cost of solar panels is $2.66 per watt, but in Odenville it's 2.45 per watt. Since a 9.2-kW system is needed to cover the energy consumption of a typical home in Odenville, the average price of going solar will be about $15,692 after claiming the federal solar tax credit of 30%.
These figures are just averages, and how much solar costs for you will most likely differ based on factors unique to your home and what company you choose to go with. For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $21,000 in savings on energy bills over 20 years.
To get a free estimate from a highly rated solar installer in Odenville, you can click the button below.
Solar savings over time in Odenville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,639 |
| 3 years | $-9,533 |
| 5 years | $-5,427 |
| 7 years | $-1,320 |
| 9 years | $2,786 |
| 11 years | $6,892 |
| 13 years | $10,998 |
| 15 years | $15,104 |
| 17 years | $19,211 |
| 19 years | $23,317 |
| 21 years | $27,423 |
| 23 years | $31,529 |
| 25 years | $35,636 |
Top Solar Installers in Odenville
When switching to solar energy, many homeowners decide to hire a solar installation company since installing a solar system yourself can be a challenging project. A solar installer can also help save you money over time by providing warranties, repairs and component replacements.
Working with a licensed solar company 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
For many Odenville homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Odenville, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,450. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Odenville, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Odenville, and each can charge varying amounts for labor and equipment. Companies that 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 choose a company that has the products, warranties and services you're looking for 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
There are a lot of companies available in Odenville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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?
The average cost of solar panels in Odenville is about $12,250 for a 5-kW system and $24,500 for a 10-kW system before the ITC, but the actual 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 use.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Odenville is currently $169,683, which means you can look forward to a value of about $6,957 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Odenville is a rewarding investment.
How many solar panels do I need to power 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 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 buy 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.