Solar Panel Cost Guide in Moody, AL (2024 Update)
- Moody Solar Installation Cost: $22,355
- 25-Year Savings: $35,563
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Moody
Let’s have a look at the average cost of solar in Moody.
The average cost of a solar panel system in Moody is 3 per watt.The average Moody homeowner needs a 9.2-kilowatt system, which would cost about $22,355 with the federal tax credit, or $31,968 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Moody 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.For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $21,000 in savings on utility bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Moody
| Year | Return on Investment |
|---|---|
| 1 years | $-20,507 |
| 3 years | $-16,812 |
| 5 years | $-13,117 |
| 7 years | $-9,422 |
| 9 years | $-5,727 |
| 11 years | $-2,032 |
| 13 years | $1,663 |
| 15 years | $5,359 |
| 17 years | $9,054 |
| 19 years | $12,749 |
| 21 years | $16,444 |
| 23 years | $20,139 |
| 25 years | $23,834 |
Top Solar Installers in Moody
When making the switch to solar, many homeowners opt to go with a solar installation company since putting up solar panels yourself can be a time-consuming project. Another perk of utilizing a solar company is that they can help you maximize your ROI by reducing your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
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 Moody
Factors that Affect Solar Panel Costs in Moody
Even though the average cost of a solar system in Moody is $22,355, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar 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 pay around $3,490 per kilowatt in Moody.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Moody, where sunlight is abundant, efficiency can quickly pay off. In addition, 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
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Moody, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can affect how much it costs. Moody’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $18,364 | 11.3 years |
| 8 kW | $3.56 | $19,935 | $24,876 | 11.1 years |
| 10 kW | $3.49 | $24,430 | $31,583 | 10.9 years |
| 12 kW | $3.42 | $28,730 | $38,486 | 10.7 years |
| 14 kW | $3.35 | $32,834 | $45,585 | 10.5 years |
| 16 kW | $3.28 | $36,743 | $52,879 | 10.2 years |
| 18 kW | $3.21 | $40,456 | $60,368 | 10.0 years |
| 20 kW | $3.14 | $43,974 | $68,053 | 9.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- 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 significant role in the company you choose.
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 Moody, AL Solar Cost FAQs
What is the average cost of installing solar panels in Moody?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $17,450 for a 5-kW system and $34,900 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Moody?
You can’t get solar panels for free in Moody. However, you may still be able to afford 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.
Do solar panels increase your property value?
Solar panels can increase the value of your home considerably 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% after installing solar panels."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses 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 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.