Solar Panel Cost Guide in Springville, AL (2023 Update)
- Springville Solar Installation Cost: $15,692
- 25-Year Savings: $35,636
- Payback Period: 7.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Springville
We break down average solar pricing in Springville.
Although the national average of solar panels is $2.66 per watt, solar panels in Springville typically cost around 2.45. The average solar panel system size in Springville is around 9.2 kilowatts, meaning a cost of about $15,692 for a solar installation, or $22,440 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Springville homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $21,000 over 20 years on power bills.
To get a free estimate from a top solar installation company in Springville, you can click the button below.
Solar savings over time in Springville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,639 |
| 3 years | $-9,533 |
| 5 years | $-5,427 |
| 7 years | $-1,320 |
| 9 years | $2,786 |
| 11 years | $6,892 |
| 13 years | $10,998 |
| 15 years | $15,104 |
| 17 years | $19,211 |
| 19 years | $23,317 |
| 21 years | $27,423 |
| 23 years | $31,529 |
| 25 years | $35,636 |
Top Solar Installers in Springville
Although you can install solar panels on your own, it takes extra labor and expertise. For that reason, almost all homeowners choose to go with a solar panel installer. Plus, if you're not certain what type of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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
There are several criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the price of solar panels in Springville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can determine by looking at past power bills. Your overall cost can increase by about $2,450 for each additional kilowatt you need. The kind of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
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. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you choose will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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 few different 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 more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can 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.