Solar Panel Cost Guide in Winfield, AL (2023 Update)
- Winfield Solar Installation Cost: $15,641
- 25-Year Savings: $36,045
- Payback Period: 7.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Winfield
Find out what the average cost of a solar system is in Winfield.
While the national average of solar panels is $2.66 per watt, solar panels in Winfield generally cost about 2.45. The average Winfield homeowner needs a 9.1-kilowatt system, which would cost about $15,641 with the federal tax credit, or $22,367 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. With average savings of about $22,000 on electricity bills over 20 years, many homeowners in Winfield find investing in solar has a decent ROI.
To get a free estimate from a highly rated solar company in Winfield, you can click the button below.
Solar savings over time in Winfield
| Year | Return on Investment |
|---|---|
| 1 years | $-13,573 |
| 3 years | $-9,438 |
| 5 years | $-5,304 |
| 7 years | $-1,169 |
| 9 years | $2,966 |
| 11 years | $7,101 |
| 13 years | $11,236 |
| 15 years | $15,371 |
| 17 years | $19,506 |
| 19 years | $23,641 |
| 21 years | $27,775 |
| 23 years | $31,910 |
| 25 years | $36,045 |
Top Solar Installers in Winfield
When going solar, many homeowners decide to hire a solar installation company since putting up solar panels yourself can be a time-consuming project. Plus, if you're not certain what type of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
Working with a vetted solar installer can help you make the most of your investment in solar. 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 Winfield
Factors that Affect Solar Panel Costs in Winfield
For many Winfield homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Winfield, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy 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 about $2,450 per kilowatt in Winfield. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Winfield provide solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also increases your all-in costs, so it's vital to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can impact the cost. Winfield's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Winfield have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $2.55 | $10,702 | $23,295 | 7.9 years |
| 8 kW | $2.50 | $13,994 | $31,335 | 7.7 years |
| 10 kW | $2.45 | $17,150 | $39,511 | 7.6 years |
| 12 kW | $2.40 | $20,168 | $47,825 | 7.4 years |
| 14 kW | $2.35 | $23,050 | $56,276 | 7.3 years |
| 16 kW | $2.30 | $25,794 | $64,864 | 7.1 years |
| 18 kW | $2.25 | $28,400 | $73,590 | 7.0 years |
| 20 kW | $2.21 | $30,870 | $82,452 | 6.8 years |
How to Save on Solar Panels
The company that does your solar system 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 a challenge, we have some tips to help you, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- Warranty: If you care about the durability of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: The type of solar panel you need to install plays a role in which installer you should opt for, since different companies have different panels.
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 Winfield, AL Solar Cost FAQs
How much does it cost to install solar panels in Winfield?
The average cost of solar panels in Winfield 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Winfield?
You can't get solar panels for free in Winfield. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,133.22 per year.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.