Solar Panel Cost Guide in Pike Road, AL (2023 Update)
- Pike Road Solar Installation Cost: $14,989
- 25-Year Savings: $33,573
- Payback Period: 7.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pike Road
We break down average solar pricing in Pike Road.
The national average cost of solar panels is $2.66 per watt, but in Pike Road it's 2.45 per watt. Using this figure, a typical 8.7-kW system would cost about $14,989 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely vary based on the amount of energy your home requires and what company you choose to go with. With typical savings of about $21,000 on energy bills over 20 years, many homeowners in Pike Road find investing in solar has a decent ROI.
To receive a free quote from a top solar company in Pike Road, you can click the button below.
Solar savings over time in Pike Road
| Year | Return on Investment |
|---|---|
| 1 years | $-13,047 |
| 3 years | $-9,162 |
| 5 years | $-5,277 |
| 7 years | $-1,392 |
| 9 years | $2,493 |
| 11 years | $6,378 |
| 13 years | $10,263 |
| 15 years | $14,148 |
| 17 years | $18,033 |
| 19 years | $21,918 |
| 21 years | $25,803 |
| 23 years | $29,688 |
| 25 years | $33,573 |
Top Solar Installers in Pike Road
When making the switch to solar, many homeowners opt to use a solar installer since putting up a solar system yourself can be a time-consuming project. Plus, if you're not certain what kind of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
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
There are several factors that can affect your total 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
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Pike Road average.
Solar Financing Terms
Many homeowners find the average cost of solar in Pike Road to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. While solar loans make switching to solar energy more accessible for Pike Road homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you pick will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that provides the products, warranties and services you want and also fits within 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 | $22,642 | 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 you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, 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 make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
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
What is the average cost of installing solar panels in Pike Road?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $12,250 for a 5-kW system and $24,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Pike Road?
You can't get solar panels for free in Pike Road. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Pike Road?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.