Solar Panel Cost Guide in Thomasville, AL (2024 Update)
- Thomasville Solar Installation Cost: $21,269
- 25-Year Savings: $33,112
- Payback Period: 11.1 Years
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Average Cost of Solar Panels in Thomasville
We go over average solar pricing in Thomasville.
The average cost of solar panels in Thomasville is 3 per watt.The average Thomasville homeowner needs a 8.7-kilowatt system, which would cost about $21,269 with the federal tax credit, or $30,415 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Thomasville homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $22,000 over 20 years on utility bills.
You can click the button below to get connected with a top solar installer in Thomasville for a quote for your home.
Solar savings over time in Thomasville
| Year | Return on Investment |
|---|---|
| 1 years | $-19,422 |
| 3 years | $-15,727 |
| 5 years | $-12,031 |
| 7 years | $-8,336 |
| 9 years | $-4,641 |
| 11 years | $-946 |
| 13 years | $2,749 |
| 15 years | $6,444 |
| 17 years | $10,139 |
| 19 years | $13,835 |
| 21 years | $17,530 |
| 23 years | $21,225 |
| 25 years | $24,920 |
Top Solar Installers in Thomasville
Many homeowners decide to hire a solar installation company since trying to install solar panels on your own can be time-consuming. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Thomasville
Factors that Affect Solar Panel Costs in Thomasville
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Thomasville: 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
When it comes to estimating the price of a solar system in Thomasville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,490 for each additional kilowatt you need.There are several 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. In addition, the type of equipment you choose 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
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Thomasville, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.Even though solar loans make switching to solar energy more accessible for Thomasville homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Thomasville is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services at different price points.Additionally, some companies in Thomasville have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $17,865 | 11.5 years |
| 8 kW | $3.56 | $19,935 | $24,211 | 11.3 years |
| 10 kW | $3.49 | $24,430 | $30,752 | 11.1 years |
| 12 kW | $3.42 | $28,730 | $37,489 | 10.8 years |
| 14 kW | $3.35 | $32,834 | $44,421 | 10.6 years |
| 16 kW | $3.28 | $36,743 | $51,549 | 10.4 years |
| 18 kW | $3.21 | $40,456 | $58,872 | 10.2 years |
| 20 kW | $3.14 | $43,974 | $66,390 | 10.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Contract: Before signing a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
EcoWatch's Thomasville, AL Solar Cost FAQs
What is the average cost of installing solar panels in Thomasville?
The average cost of solar panels in Thomasville is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.