Solar Panel Cost Guide in Springville, AL (2023 Update)
- Springville Solar Installation Cost: $15,693
- 25-Year Savings: $35,634
- Payback Period: 7.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Springville
Let's take a look at the average cost of solar in Springville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Springville, the typical cost of solar panels is 2.45 per watt. Since a 9.2-kW system is needed to cover the energy usage of a typical home in Springville, the average price of going solar will be about $15,692 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of solar panels you choose, your solar contractor and more. For many homeowners, the upfront investment in solar panels is worth paying. On average Springville homeowners see about $21,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a top solar company in Springville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Springville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,846 |
| 3 years | $-10,151 |
| 5 years | $-6,455 |
| 7 years | $-2,760 |
| 9 years | $935 |
| 11 years | $4,630 |
| 13 years | $8,325 |
| 15 years | $12,020 |
| 17 years | $15,715 |
| 19 years | $19,411 |
| 21 years | $23,106 |
| 23 years | $26,801 |
| 25 years | $30,496 |
Top Solar Installers in Springville
Trying to install solar panels on your own can be a stressful task, which is why getting a solar installer is a good option for many homeowners. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be right for you.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Springville:
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 Springville
Factors that Affect Solar Panel Costs in Springville
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Springville: 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
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need 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 solar equipment you choose can bring your price up or down 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, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Springville average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Springville homeowners choose to finance their solar panel systems to make going solar more affordable. While solar loans make adopting solar energy more accessible for Springville homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Springville, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $22,953 | 7.9 years |
| 8 kW | $2.50 | $13,994 | $30,879 | 7.8 years |
| 10 kW | $2.45 | $17,150 | $38,941 | 7.6 years |
| 12 kW | $2.40 | $20,168 | $47,141 | 7.5 years |
| 14 kW | $2.35 | $23,050 | $55,478 | 7.3 years |
| 16 kW | $2.30 | $25,794 | $63,953 | 7.2 years |
| 18 kW | $2.25 | $28,400 | $72,564 | 7.0 years |
| 20 kW | $2.21 | $30,870 | $81,313 | 6.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which kind 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 take a look at their list of options before making your decision.
- Installation Process: When making the switch to solar energy, it's necessary to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the completion timeline.
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 Springville, AL Solar Cost FAQs
What is the average cost of installing solar panels in Springville?
This is a tough question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Springville?
Leasing solar panels can be an option if you are unable to 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 savings from going solar.
Is it worth going solar in Springville?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 buy 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.