Cost Of Solar Panels In Alabama

The average solar panel setup for a home costs about 10 000.

Cost of solar panels in alabama.

Commissioners will likely not rule until next year. 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. 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. Solar panel cost in alabama.

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. However you are allowed to deduct 30 of your investment as a federal tax credit which brings down the net outlay to 14 000. 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.

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. Solar panels in gadsden al. The average cost for an installed residential solar system in alabama is currently 10 878 after claiming the 26 federal solar tax credit.

And federal returns on this method still apply. The costs and savings for a 5 kw pv system in alabama can be broken down as follows. 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. This is 2 45 per watt.

Here s how the numbers pencil out for an alabama solar purchase with average sized 5 9 kw rooftop solar system. 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. You can expect to pay 20 000 upfront equivalent to 4000 per kilowatt of capacity. Home equity line of credit heloc this line of credit is the most feasible option for acquiring solar power 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.