Solar Panel Cost Guide in Pinson, AL (2023 Update)
- Pinson Solar Installation Cost: $15,624
- 25-Year Savings: $35,704
- Payback Period: 7.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pinson
Find out what the average cost of a solar system is in Pinson.
In Pinson, solar panels cost about 2.45 per watt on average. The average Pinson homeowner needs a 9.1-kilowatt system, which would cost about $15,624 with the federal tax credit, or $22,342 before the 30% tax credit is applied.
These figures are just averages, and your own solar costs will most likely look different based on your energy needs and what company you choose to go with. With typical savings of about $21,000 on energy bills over 20 years, many homeowners in Pinson find going solar can be quite rewarding.
You can click the button below to get connected with a vetted solar installer in Pinson for a quote for your home.
Solar savings over time in Pinson
| Year | Return on Investment |
|---|---|
| 1 years | $-13,571 |
| 3 years | $-9,464 |
| 5 years | $-5,358 |
| 7 years | $-1,252 |
| 9 years | $2,854 |
| 11 years | $6,961 |
| 13 years | $11,067 |
| 15 years | $15,173 |
| 17 years | $19,279 |
| 19 years | $23,385 |
| 21 years | $27,492 |
| 23 years | $31,598 |
| 25 years | $35,704 |
Top Solar Installers in Pinson
Many homeowners opt for a solar installation company since installing solar panels by yourself can be hard. In addition, if you'd like to maximize your investment in solar power, using a solar installer can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Pinson
Factors that Affect Solar Panel Costs in Pinson
For many Pinson homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Pinson, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,450 per kilowatt in Pinson. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Pinson, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. It's a good idea 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 off the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar system can influence how much you pay. Pinson's solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $23,096 | 7.9 years |
| 8 kW | $2.50 | $13,994 | $31,070 | 7.8 years |
| 10 kW | $2.45 | $17,150 | $39,180 | 7.6 years |
| 12 kW | $2.40 | $20,168 | $47,428 | 7.5 years |
| 14 kW | $2.35 | $23,050 | $55,812 | 7.3 years |
| 16 kW | $2.30 | $25,794 | $64,334 | 7.2 years |
| 18 kW | $2.25 | $28,400 | $72,994 | 7.0 years |
| 20 kW | $2.21 | $30,870 | $81,790 | 6.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which type 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: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: If you're concerned about the longevity of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Pinson, AL Solar Cost FAQs
How much does it cost to install solar panels in Pinson?
This is a hard question to answer precisely, 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. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Pinson?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of 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 savings from going solar.
Do solar panels increase the value of your home?
Solar panels can increase the value of your home considerably 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 long do solar panels last in Pinson?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.