Solar Panel Cost Guide in Russellville, AL (Oct 2022)

  • Russellville Solar Installation Cost: $15,898
  • 25-Year Savings: $29,832
  • Payback Period: 8.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Russellville

Here's how much it might cost to install solar panels in Russellville.

The national average cost of solar panels is $2.66 per watt, but in Russellville it's $2 per watt. Since a 9.3-kW system is needed to cover the energy costs of a typical home in Russellville, the average price of going solar will be about $15,898 before claiming the federal solar tax credit of 30%.

Bear in mind that the figures above are only estimates based on the average energy use of Russellville homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Despite the large upfront cost, the average Russellville homeowner can save about $19,000 on their power bills over 20 years, which is one of the perks of solar.

Click the button below to get connected to a highly rated solar company in Russellville for a customized estimate.

Solar savings over time in Russellville

Year Return on Investment
1 years $-14,069
3 years $-10,410
5 years $-6,752
7 years $-3,094
9 years $565
11 years $4,223
13 years $7,882
15 years $11,540
17 years $15,199
19 years $18,857
21 years $22,516
23 years $26,174
25 years $29,832

Top Solar Installers in Russellville

Trying to install solar panels yourself can be a challenging project, which is why hiring a solar installation company is a good option for many homeowners. Companies can also provide access to quality options of the best solar panels and help you decide which one will be best for your home.

Working with a vetted solar company can make going solar easier. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Russellville

Factors that Affect Solar Panel Costs in Russellville

Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Russellville: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.

Solar Equipment Size

The size of the solar energy system you need to offset your energy usage is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,450. There are a lot of different solar panel brands and the one you choose also affects the cost. Usually, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

If paying for a solar system in cash is difficult, solar loans are an affordable route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.

Solar Panel Installation Company

Lastly, the company you hire to install your solar panels can influence how much you pay. Russellville's solar companies all have different labor costs and add varying upcharges to equipment. 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 cost more. It's best to do some research and choose a company that has the products, warranties and services you're looking for and also is 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 $18,890 9.0 years
8 kW $2.50 $13,994 $25,461 8.9 years
10 kW $2.45 $17,150 $32,169 8.7 years
12 kW $2.40 $20,168 $39,014 8.5 years
14 kW $2.35 $23,050 $45,997 8.3 years
16 kW $2.30 $25,794 $53,116 8.2 years
18 kW $2.25 $28,400 $60,373 8.0 years
20 kW $2.21 $30,870 $67,767 7.8 years

Solar Incentives in Russellville

Name Wood-Burning Heating System Deduction
Incentive Amount 100%
More Info Click here

Name Local Option- Property Tax Exemption for Renewable Energy Faclities
Incentive Amount
Website Visit here
More Info Click here

Name Alabama Power - Residential Heat Pump Loan Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar company you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:

  • Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
  • Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Russellville, AL Solar Cost FAQs

How much does it cost to install solar panels in Russellville?

The average cost of solar panels in Russellville is about $12,250 for a 5-kW system and $24,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind 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 Russellville?

Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

How much can I save on power bills after switching to solar?

Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $986.37 per year.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.

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.

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