Solar Panel Cost Guide in Millbrook, AL (2024 Update)
- Millbrook Solar Installation Cost: $21,606
- 25-Year Savings: $35,734
- Payback Period: 10.6 Years
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Average Cost of Solar Panels in Millbrook
We break down average solar pricing in Millbrook.
Although the national average of solar panels is $2.66 per watt, solar panels in Millbrook generally cost about 3.The average solar panel system size in Millbrook is around 8.8 kilowatts, meaning a cost of about $21,606 for a solar installation, or $30,897 before the 0 federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you will most likely vary based on the amount of energy your home requires and what company you want to go with.Even with the significant initial cost, the average Millbrook homeowner can save about $22,000 on their power bills over 20 years, which is one of the advantages of solar.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Millbrook
| Year | Return on Investment |
|---|---|
| 1 years | $-19,758 |
| 3 years | $-16,063 |
| 5 years | $-12,368 |
| 7 years | $-8,673 |
| 9 years | $-4,978 |
| 11 years | $-1,282 |
| 13 years | $2,413 |
| 15 years | $6,108 |
| 17 years | $9,803 |
| 19 years | $13,498 |
| 21 years | $17,193 |
| 23 years | $20,889 |
| 25 years | $24,584 |
Top Solar Installers in Millbrook
Putting up solar panels on your own can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. A solar installer can also help save you money in the long run by offering warranties, repairs and system component replacements.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Millbrook
Factors that Affect Solar Panel Costs in Millbrook
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Millbrook: 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
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also cost more. In addition, the type of equipment you’re looking to install 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
Most solar installers in Millbrook have solar loans, which reduce the initial cost of installing solar panels.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Millbrook, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Millbrook 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 walking you through the whole process. 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 | $19,288 | 11.0 years |
| 8 kW | $3.56 | $19,935 | $26,109 | 10.8 years |
| 10 kW | $3.49 | $24,430 | $33,125 | 10.6 years |
| 12 kW | $3.42 | $28,730 | $40,336 | 10.4 years |
| 14 kW | $3.35 | $32,834 | $47,742 | 10.2 years |
| 16 kW | $3.28 | $36,743 | $55,345 | 10.0 years |
| 18 kW | $3.21 | $40,456 | $63,142 | 9.8 years |
| 20 kW | $3.14 | $43,974 | $71,135 | 9.6 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: The model of solar panel you need to get plays a role in which installer you should opt for, since different companies provide different panels.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Millbrook, AL Solar Cost FAQs
What is the average cost of installing solar panels in Millbrook?
The average cost of solar panels in Millbrook 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 model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Millbrook have a net metering program?
The majority of states offer 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.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 get 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.