Solar Panel Cost Guide in Pine Level, AL (2023 Update)
- Pine Level Solar Installation Cost: $15,174
- 25-Year Savings: $35,727
- Payback Period: 7.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pine Level
Let's have a look at the average cost of solar in Pine Level.
The average cost of a solar system in Pine Level is 2.45 per watt. The average Pine Level homeowner needs a 8.8-kilowatt system, which would cost about $15,178 with the federal tax credit, or $21,705 before the 30% tax credit is applied.
These figures are just estimates, and how much solar costs for you will look different based on your energy needs and what company you choose to go with. Even with the significant upfront cost, the average Pine Level homeowner can save about $22,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Pine Level
| Year | Return on Investment |
|---|---|
| 1 years | $-13,326 |
| 3 years | $-9,631 |
| 5 years | $-5,936 |
| 7 years | $-2,241 |
| 9 years | $1,454 |
| 11 years | $5,150 |
| 13 years | $8,845 |
| 15 years | $12,540 |
| 17 years | $16,235 |
| 19 years | $19,930 |
| 21 years | $23,625 |
| 23 years | $27,320 |
| 25 years | $31,016 |
Top Solar Installers in Pine Level
Although it's possible to install solar panels yourself, it takes extra time and handiness. That's why most homeowners choose a solar panel installer. Plus, if you're not certain what type of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
If you're on the hunt for a solar company in Pine Level, the EcoWatch team has compiled 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 Pine Level
Factors that Affect Solar Panel Costs in Pine Level
While the average cost of a solar system in Pine Level is $15,178, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use 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. The kind of 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 power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Pine Level average.
Solar Financing Terms
Most solar companies in Pine Level provide solar loans, which reduce the initial cost of installing solar panels. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Pine Level, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $23,816 | 7.8 years |
| 8 kW | $2.50 | $13,994 | $32,030 | 7.6 years |
| 10 kW | $2.45 | $17,150 | $40,380 | 7.5 years |
| 12 kW | $2.40 | $20,168 | $48,868 | 7.3 years |
| 14 kW | $2.35 | $23,050 | $57,493 | 7.2 years |
| 16 kW | $2.30 | $25,794 | $66,255 | 7.0 years |
| 18 kW | $2.25 | $28,400 | $75,154 | 6.9 years |
| 20 kW | $2.21 | $30,870 | $84,190 | 6.7 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. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: The kind of solar panel you need plays a part in which company you should opt for, since different companies offer different panels.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases provide 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 Pine Level, AL Solar Cost FAQs
How much does it cost to install solar panels in Pine Level?
The average cost of solar panels in Pine Level 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 like the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Pine Level?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How will solar panels impact how much my home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires 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.