Cost Of Solar Panels In Alabama

And federal returns on this method still apply.

Cost of solar panels in alabama.

The costs and savings for a 5 kw pv system in alabama can be broken down as follows. Home equity line of credit heloc this line of credit is the most feasible option for acquiring solar power in alabama. 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. Don t worry even without state incentives you can still knock a big chunk off the price right off the bat.

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. Here s how the numbers pencil out for an alabama solar purchase with average sized 5 9 kw rooftop solar system. 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. 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.

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

Commissioners will likely not rule until next year. You can expect to pay 20 000 upfront equivalent to 4000 per kilowatt of capacity. The cost of solar in alabama should be about 18 585 for an average sized 5 9 kw system. An average home in alabama consumes 1 200 kwh of electricity each month.

This is 2 45 per watt. Solar energy costs 0 08 to 0 10 per kwh to produce on average depending on your location. The average cost for an installed residential solar system in alabama is currently 10 878 after claiming the 26 federal solar tax credit. This is lower than the average price of residential solar power systems across the united states which is currently 2 53 per watt.

Solar panel cost in alabama.