Solar Panel Cost Guide in Pike Road, AL (2023 Update)
- Pike Road Solar Installation Cost: $14,986
- 25-Year Savings: $33,576
- Payback Period: 7.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pike Road
Let's have a look at the average cost of solar in Pike Road.
In Pike Road, solar panels cost about 2.45 per watt on average. Using this figure, a typical 8.7-kW system would cost about $14,989 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what installation company you go with. For most homeowners, the upfront cost of solar power is worth paying. On average Pike Road homeowners see about $21,000 in savings on utility bills over 20 years.
To receive a free quote from a pre-vetted solar installer in Pike Road, you can click the button below.
Solar savings over time in Pike Road
| Year | Return on Investment |
|---|---|
| 1 years | $-14,824 |
| 3 years | $-14,501 |
| 5 years | $-14,177 |
| 7 years | $-13,853 |
| 9 years | $-13,529 |
| 11 years | $-13,206 |
| 13 years | $-12,882 |
| 15 years | $-12,558 |
| 17 years | $-12,234 |
| 19 years | $-11,911 |
| 21 years | $-11,587 |
| 23 years | $-11,263 |
| 25 years | $-10,940 |
Top Solar Installers in Pike Road
When switching to solar energy, many homeowners opt to go with a solar installer since handling can be a time-consuming project. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be right for your home.
If you're on the hunt for a solar installer in Pike Road, the EcoWatch team has organized a list of our top suggestions here:
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 Pike Road
Factors that Affect Solar Panel Costs in Pike Road
The cost of installing a solar system in Pike Road can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in Pike Road, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,450 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Pike Road, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Pike Road homeowners opt 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 pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installation company you pick will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $22,642 | 8.0 years |
| 8 kW | $2.50 | $13,994 | $30,464 | 7.9 years |
| 10 kW | $2.45 | $17,150 | $38,423 | 7.7 years |
| 12 kW | $2.40 | $20,168 | $46,520 | 7.6 years |
| 14 kW | $2.35 | $23,050 | $54,753 | 7.4 years |
| 16 kW | $2.30 | $25,794 | $63,124 | 7.3 years |
| 18 kW | $2.25 | $28,400 | $71,632 | 7.1 years |
| 20 kW | $2.21 | $30,870 | $80,277 | 6.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Contract: When reading 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 part breaking or the company going out of business.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
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 Pike Road, AL Solar Cost FAQs
How much does it cost to install solar panels in Pike Road?
The average cost of solar panels in Pike Road is about $12,250 for a 5-kW system and $24,500 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Does Pike Road have a net metering program?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Pike Road?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.