Solar Panel Cost Guide in Smiths Station, AL (2023 Update)

  • Smiths Station Solar Installation Cost: $21,715
  • 25-Year Savings: $34,649
  • Payback Period: 10.9 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Smiths Station

Let’s take a look at the average cost of solar in Smiths Station.

The average cost of a solar system in Smiths Station is 3 per watt.Using this figure, a typical 8.9-kW system would cost about $21,715 before the 0 federal solar tax credit is applied.

These figures are just averages, and how much solar costs for you may look different based on your specific situation and what company you go with.For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $21,000 in savings on energy bills over 20 years.

Click the button below to get connected to a highly rated solar panel company in Smiths Station for a personalized estimate.

Solar savings over time in Smiths Station

Year Return on Investment
1 years $-19,868
3 years $-16,172
5 years $-12,477
7 years $-8,782
9 years $-5,087
11 years $-1,392
13 years $2,303
15 years $5,998
17 years $9,694
19 years $13,389
21 years $17,084
23 years $20,779
25 years $24,474

Top Solar Installers in Smiths Station

When switching to solar energy, many homeowners decide to use a solar installer since overseeing your solar installation yourself can be a difficult project. Another good thing about going with a reputable solar installer is that it'll provide warranties and free repairs, which help protect your investment.

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

★★★★★
3.2

  • 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 Smiths Station

Factors that Affect Solar Panel Costs in Smiths Station

The cost of installing a solar system in Smiths Station can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment

One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,490 per kilowatt in Smiths Station.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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 in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Smiths Station average.

Solar Financing Terms

If paying for a solar system in cash is too expensive, solar loans are a popular option because they lower your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also adds to your overall costs, so it’s crucial to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.

Solar Panel Installation Company

A final consideration when trying to evaluate the cost of solar for your home or business in Smiths Station is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that provide a range of services for different budgets.Some companies 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 decide on the company that offers 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 $3.63 $15,244 $18,434 11.3 years
8 kW $3.56 $19,935 $24,969 11.1 years
10 kW $3.49 $24,430 $31,700 10.9 years
12 kW $3.42 $28,730 $38,626 10.7 years
14 kW $3.35 $32,834 $45,748 10.4 years
16 kW $3.28 $36,743 $53,065 10.2 years
18 kW $3.21 $40,456 $60,578 10.0 years
20 kW $3.14 $43,974 $68,286 9.8 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
  • Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Smiths Station, AL Solar Cost FAQs

How much does it cost to install solar panels in Smiths Station?

This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Is cost the most important consideration when buying solar panels?

The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.

How will solar panels impact my home value?

Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

How long do solar panels last in Smiths Station?

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 higher 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.

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