Solar Panel Cost Guide in Pleasant Grove, AL (2023 Update)
- Pleasant Grove 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 Pleasant Grove
Let's take a look at the average cost of solar panels in Pleasant Grove.
Although the national average of solar panels is $2.66 per watt, solar panels in Pleasant Grove typically cost around 2.45. The average solar panel system size in Pleasant Grove is around 9.1 kilowatts, meaning a cost of about $15,624 for a solar installation, or $22,342 before the 30% federal solar tax credit is applied.
How much you pay can be above or below the average in Pleasant Grove based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. Even with the high upfront cost, the average Pleasant Grove homeowner can save about $21,000 on their energy bills over 20 years, which is one of the advantages of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Pleasant Grove
| 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 Pleasant Grove
Many homeowners opt for a solar panel installer since trying to install solar panels yourself can be hard. Also, companies with a high reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you'd like to start using solar energy but still aren't sure which solar company to go with, here are our suggestions for providers 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 Pleasant Grove
Factors that Affect Solar Panel Costs in Pleasant Grove
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Pleasant Grove: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,450. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Pleasant Grove, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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 utility bills over many years, but they can also be a big investment. That's why many Pleasant Grove homeowners decide to finance their solar panel systems to offset upfront costs. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can affect how much you pay. Pleasant Grove's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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
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 choosing a company can be difficult, we have some tips to help you, such as:
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: The type of solar panel you need plays a role in which company you should opt for, since different companies provide different panels.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
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 Pleasant Grove, AL Solar Cost FAQs
What is the average cost of installing solar panels in Pleasant Grove?
This is a hard question to answer precisely, because the cost depends on many factors. Generally 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 other solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Pleasant Grove?
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 can't take advantage of many solar incentives. Also your property 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 financial benefits from going solar.
How will having solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Pleasant Grove is currently $122,087, which means you could be looking at a value of about $5,006 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Pleasant Grove is a rewarding investment.
How long do solar panels last in Pleasant Grove?
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 replace them once you've had 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.