Solar Panel Cost Guide in Pike Road, AL (2024 Update)
- Pike Road Solar Installation Cost: $21,348
- 25-Year Savings: $33,576
- Payback Period: 11.0 Years
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Average Cost of Solar Panels in Pike Road
We break down average solar pricing in Pike Road.
While the national average of solar panels is $2.66 per watt, solar panels in Pike Road generally cost about 3.Because a 8.7-kW system is needed to cover the energy needs of a typical home in Pike Road, the average price of going solar will be about $21,348 after claiming the federal solar tax credit of 0.
The true price you pay can go higher or lower than the average in Pike Road depending on a few factors, such as the kind of solar panels you choose and the solar installer you hire.But, after you've paid the initial cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $21,000 over 20 years on utility bills.
You can click the button below to get connected with a vetted solar installer in Pike Road for a quote for your home.
Solar savings over time in Pike Road
| Year | Return on Investment |
|---|---|
| 1 years | $-19,551 |
| 3 years | $-15,959 |
| 5 years | $-12,366 |
| 7 years | $-8,773 |
| 9 years | $-5,180 |
| 11 years | $-1,588 |
| 13 years | $2,005 |
| 15 years | $5,598 |
| 17 years | $9,191 |
| 19 years | $12,783 |
| 21 years | $16,376 |
| 23 years | $19,969 |
| 25 years | $23,562 |
Top Solar Installers in Pike Road
Many homeowners choose to hire a solar installation company since trying to install solar panels yourself can be hard. Plus, if you’d like to maximize your investment in solar energy, going with a solar installer can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
If you're looking for a solar company in Pike Road, we've 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
Although the average cost of a solar system in Pike Road is $21,348, your final cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Pike Road homeowners opt to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Pike Road, you’ll have many options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $18,100 | 11.4 years |
| 8 kW | $3.56 | $19,935 | $24,524 | 11.2 years |
| 10 kW | $3.49 | $24,430 | $31,143 | 11.0 years |
| 12 kW | $3.42 | $28,730 | $37,958 | 10.8 years |
| 14 kW | $3.35 | $32,834 | $44,969 | 10.6 years |
| 16 kW | $3.28 | $36,743 | $52,175 | 10.3 years |
| 18 kW | $3.21 | $40,456 | $59,576 | 10.1 years |
| 20 kW | $3.14 | $43,974 | $67,173 | 9.9 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: An all-inclusive, 25-year 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, durability and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
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?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Pike Road?
A solar panel system isn’t free in Pike Road, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Pike Road?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How long do solar panels last in Pike Road?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.