Solar Panel Cost Guide in Troy, AL (2024 Update)
- Troy Solar Installation Cost: $21,343
- 25-Year Savings: $23,319
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Troy
See how much it might cost to make the switch to solar in Troy.
While the national average of solar panels is $2.66 per watt, solar panels in Troy typically cost about 3.Using this figure, a typical 8.7-kW system would cost about $21,343 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Troy homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the savings for most homeowners is quite good, with a net average savings of about $20,000 over 20 years on utility bills.
Click the button below to get connected to a reputable solar installer in Troy for a personalized estimate.
Solar savings over time in Troy
| Year | Return on Investment |
|---|---|
| 1 years | $-19,557 |
| 3 years | $-15,984 |
| 5 years | $-12,411 |
| 7 years | $-8,838 |
| 9 years | $-5,265 |
| 11 years | $-1,692 |
| 13 years | $1,881 |
| 15 years | $5,454 |
| 17 years | $9,027 |
| 19 years | $12,600 |
| 21 years | $16,173 |
| 23 years | $19,746 |
| 25 years | $23,319 |
Top Solar Installers in Troy
Although it's possible to install solar panels on your own, it involves extra labor and expertise. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. A solar installer can also help save you money in the long run by offering warranties, repairs and part replacements.
If you're on the hunt for a solar installer in Troy, we've compiled a list of our top suggestions here:
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 Troy
Factors that Affect Solar Panel Costs in Troy
While the average cost of a solar system in Troy is $21,343, your final cost may differ. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.There are a lot of different solar panel brands and the one you choose also changes the cost. In many cases, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you want to install 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
Most solar companies in Troy offer solar loans, which reduce your upfront costs of installing a solar system.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can impact your pricing. Troy’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $15,988 | 12.2 years |
| 8 kW | $3.56 | $19,935 | $21,708 | 12.0 years |
| 10 kW | $3.49 | $24,430 | $27,624 | 11.7 years |
| 12 kW | $3.42 | $28,730 | $33,735 | 11.5 years |
| 14 kW | $3.35 | $32,834 | $40,041 | 11.3 years |
| 16 kW | $3.28 | $36,743 | $46,543 | 11.0 years |
| 18 kW | $3.21 | $40,456 | $53,240 | 10.8 years |
| 20 kW | $3.14 | $43,974 | $60,133 | 10.6 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
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 Troy, AL Solar Cost FAQs
How much does it cost to install solar panels in Troy?
The average cost of solar panels in Troy is about $17,450 for a 5-kW system and $34,900 for a 10-kW system before the ITC, but the real 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 consume.
Can you get solar panels for free in Troy?
You can’t get solar panels for free in Troy. 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’d rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Troy?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.