Solar Panel Cost Guide in Holtville, AL (2024 Update)
- Holtville Solar Installation Cost: $21,597
- 25-Year Savings: $35,740
- Payback Period: 10.6 Years
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Average Cost of Solar Panels in Holtville
We go over average solar pricing in Holtville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Holtville, the typical cost of solar panels is 3 per watt.Because a 8.8-kW system is needed to cover the energy needs of a typical home in Holtville, the average price of going solar will be about $21,597 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Holtville homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the payback for most homeowners is usually good, with a net average savings of about $22,000 over 20 years on utility bills.
To receive a free estimate from a vetted solar company in Holtville, you can click the button below.
Solar savings over time in Holtville
| Year | Return on Investment |
|---|---|
| 1 years | $-19,749 |
| 3 years | $-16,054 |
| 5 years | $-12,359 |
| 7 years | $-8,663 |
| 9 years | $-4,968 |
| 11 years | $-1,273 |
| 13 years | $2,422 |
| 15 years | $6,117 |
| 17 years | $9,812 |
| 19 years | $13,507 |
| 21 years | $17,203 |
| 23 years | $20,898 |
| 25 years | $24,593 |
Top Solar Installers in Holtville
Installing solar panels on your own can be a difficult undertaking, which is why using a solar installer is a good option for many homeowners. Solar warranties and repairs are typically included in the cost of installation when you sign a contract with a solar contractor too, which can save you more money after your upfront investment.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Holtville
Factors that Affect Solar Panel Costs in Holtville
There are many factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use 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 $3,490.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Holtville, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid option because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your overall costs, so it’s vital to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Holtville, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Holtville have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $19,303 | 11.0 years |
| 8 kW | $3.56 | $19,935 | $26,128 | 10.8 years |
| 10 kW | $3.49 | $24,430 | $33,149 | 10.6 years |
| 12 kW | $3.42 | $28,730 | $40,365 | 10.4 years |
| 14 kW | $3.35 | $32,834 | $47,777 | 10.2 years |
| 16 kW | $3.28 | $36,743 | $55,384 | 10.0 years |
| 18 kW | $3.21 | $40,456 | $63,186 | 9.8 years |
| 20 kW | $3.14 | $43,974 | $71,184 | 9.5 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The type of solar panel you need to get plays a role in which company you should opt for, since different companies have access to different panels.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Holtville, AL Solar Cost FAQs
How much does it cost to install solar panels in Holtville?
The average cost of solar panels in Holtville is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Holtville?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Can you sell solar power back to the grid in Holtville?
The majority of states have net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 install between 20 and 35 panels to cover 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.