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.To cover the typical energy usage of the average home in Holtville, most homeowners require a 8.8-kilowatt system. Using the figure above, a solar installation costs about $21,597, or $30,884 before the federal solar tax credit of 0 is applied.
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 be different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $22,000 over 20 years on power bills.
Click the button below to get connected to a top solar panel company in your area for a customized quote.
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
When making the switch to solar, many homeowners decide to use a solar installation company since DIY solar panel installation can be a challenging project. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're looking for a solar installer in Holtville, the EcoWatch team has put together a list of our top suggestions here:
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 a number of factors that can affect your 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
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,490. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable choice because they cut back your upfront costs and let you pay for your system over five to seven years on average.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can affect the cost. Holtville’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for and also fits within your budget.
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
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Holtville?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property 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 bang for your buck from going solar.
Can you sell solar power back to the grid in Holtville?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
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 the amount of 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 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.