Cost Of Solar Panels In Alabama

And federal returns on this method still apply.

Cost of solar panels in alabama.

An average home in alabama consumes 1 200 kwh of electricity each month. This is 2 45 per watt. Solar panels in gadsden al. The cost of solar in alabama should be about 18 585 for an average sized 5 9 kw system.

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. This is lower than the average price of residential solar power systems across the united states which is currently 2 53 per watt. You can expect to pay 20 000 upfront equivalent to 4000 per kilowatt of capacity. 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.

However you are allowed to deduct 30 of your investment as a federal tax credit which brings down the net outlay to 14 000. Solar energy costs 0 08 to 0 10 per kwh to produce on average depending on your location. Solar panel cost in alabama. The average cost for an installed residential solar system in alabama is currently 10 878 after claiming the 26 federal solar tax credit.

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. Solar companies cost and installation february 20 2017 we re here to help you determine whether a solar power system is worth it in gadsden alabama. Commissioners will likely not rule until next year. 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.

Here s how the numbers pencil out for an alabama solar purchase with average sized 5 9 kw rooftop solar system. Home equity line of credit heloc this line of credit is the most feasible option for acquiring solar power in alabama. 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.

The costs and savings for a 5 kw pv system in alabama can be broken down as follows.