Cost Of Solar Panels In Alabama

Solar panels in gadsden al.

Cost of solar panels in alabama.

At this rate of savings the cost of your solar panel system would pay for itself off in around 16 years which is slightly longer than it would take to pay off a loan. As of sep 2020 the average cost of solar panels in alabama is 2 45 per watt making a typical 6000 watt 6 kw solar system 10 878 after claiming the 26 federal solar tax credit now available. The average solar panel setup for a home costs about 10 000. Solar panels cost 1 77 to 2 20 per watt and a 6 kw solar panel installation for the average home costs from 10 626 to 13 230 after the 30 federal solar tax credit.

Don t worry even without state incentives you can still knock a big chunk off the price right off the bat. Alabama power charges a 5 per kilowatt fee based on the capacity of the home system on people who use solar panels or other means to. And federal returns on this method still apply. Home equity line of credit heloc this line of credit is the most feasible option for acquiring solar power in alabama.

An average home in alabama consumes 1 200 kwh of electricity each month. This is lower than the average price of residential solar power systems across the united states which is currently 2 53 per watt. Get free estimates from solar installers near you or view our cost guide below. This is 2 45 per watt.

A turn key system equipped to produce enough power for the average home can be as much as 30 000 36 000 which is why most homeowners choose a solar electric system that is designed to offset only a portion of the home s electrical energy consumption. The average cost for an installed residential solar system in alabama is currently 10 878 after claiming the 26 federal solar tax credit. The costs and savings for a 5 kw pv system in alabama can be broken down as follows. Commissioners will likely not rule until next year.

The cost of solar in alabama should be about 18 585 for an average sized 5 9 kw system. You can expect to pay 20 000 upfront equivalent to 4000 per kilowatt of capacity. However you are allowed to deduct 30 of your investment as a federal tax credit which brings down the net outlay to 14 000. Here s how the numbers pencil out for an alabama solar purchase with average sized 5 9 kw rooftop solar system.

We call it a solar tax the fee is based on the size of the solar system so a five kilowatt system would have a monthly fee of 25.