Solar Panel Cost Guide in Winfield, AL (2024 Update)
- Winfield Solar Installation Cost: $22,285
- 25-Year Savings: $36,042
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Winfield
Let’s take a look at the average cost of solar in Winfield.
In Winfield, solar panels cost about 3 per watt on average.The average solar panel system size in Winfield is around 9.1 kilowatts, meaning a cost of about $22,285 for a solar installation, or $31,868 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more.With average savings of about $22,000 on power bills over 20 years, many homeowners in Winfield find installing solar panels has a decent ROI.
Click the button below to get connected to a vetted solar installer in Winfield for a personalized quote.
Solar savings over time in Winfield
| Year | Return on Investment |
|---|---|
| 1 years | $-20,437 |
| 3 years | $-16,742 |
| 5 years | $-13,047 |
| 7 years | $-9,352 |
| 9 years | $-5,657 |
| 11 years | $-1,961 |
| 13 years | $1,734 |
| 15 years | $5,429 |
| 17 years | $9,124 |
| 19 years | $12,819 |
| 21 years | $16,514 |
| 23 years | $20,209 |
| 25 years | $23,905 |
Top Solar Installers in Winfield
Many homeowners opt for a solar panel installer since installing solar panels by yourself can be a labor-intensive endeavor. The payback period on a solar system will vary depending on factors like your roof configuration and energy use, but working with a solar installer can shorten it. Your provider will be able to help you apply for incentives available in your area.
If you’d like to go solar but still aren’t certain which solar system installer to go with, here are our suggestions for providers 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 Winfield
Factors that Affect Solar Panel Costs in Winfield
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Winfield: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Winfield average.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid option because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your all-in costs, so it’s vital to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Winfield is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services for different budgets.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $18,752 | 11.2 years |
| 8 kW | $3.56 | $19,935 | $25,394 | 11.0 years |
| 10 kW | $3.49 | $24,430 | $32,231 | 10.8 years |
| 12 kW | $3.42 | $28,730 | $39,264 | 10.6 years |
| 14 kW | $3.35 | $32,834 | $46,492 | 10.3 years |
| 16 kW | $3.28 | $36,743 | $53,915 | 10.1 years |
| 18 kW | $3.21 | $40,456 | $61,534 | 9.9 years |
| 20 kW | $3.14 | $43,974 | $69,348 | 9.7 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: Before you sign a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: When making the switch to solar energy, it’s important to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
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 Winfield, AL Solar Cost FAQs
What is the average cost of installing solar panels in Winfield?
The average cost of solar panels in Winfield 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 things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,133.22 per year.
How long do solar panels last in Winfield?
On average, the lifespan of solar panels is 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.