Solar Panels Cost 16k-27k in Arab, AL | October, 2024

Solar Panels Cost $16k-$27k in Arab, AL | October, 2024

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How much do solar panels cost in Arab, AL in 2024?

During October, 2024, the average cost for going solar in Arab, AL was $3.95/W.

This means that, solar panels will cost you about $3,950 per 1 kW (or 1000 watts) of production capacity. After subtracting the 30% federal tax credit, a 5 kW system in Arab typically costs $13,825. To ensure your energy requirements are met, you may need a larger system.

On the left-hand side, you can select your county to see the typical roof size and the maximum capacity for solar panels in residences in your area. Below is a breakdown of the price, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Arab: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Arab: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Arab: $17,937US Average: $15,784

Solar Potential in Arab

Estimated system size and solar electricity production per median viable roof in
Arab.

Roof size 947sq. ft.
Capacity 13.25kW DC
Electricity 16.6kkWh AC per yr.

Electricity Costs in Arab, AL & What that Means for Your Solar Panel Pricing

The typical kWh usage for a Arab resident is 1,234 monthly, with an average electric bill of $157.03. Consider that this statistic includes smaller residences including apartments, known for lower energy use.

Arab, AL's electricity rate is 12.73¢ per kWh in October 2024.

An average energy consumer in Arab must have a solar power system of at least 10 kW to account for their entire energy needs. Upfront, a 10 kWsolar installation will cost about $39,500, with the 30% tax credit, the price drops to $27,650.

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Average solar panel costs by system size in Arab

Displayed on the left side, is a comprehensive cost summary of the different sizes of solar panel systems set up in Arab. A larger solar array will expectedly cost more, but it will also yield more significant electricity savings and increased income tax credits.

The calculator down and to the right gives a detailed summary of solar panel costs and benefits, based on an average electric bill of $157.03 in Arab. If you prefer more tailored results, just modify the $157.03 to what your average electricity bill is.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,178 a year
Est. Price
$16,590
Savings from a 6kWthis system
  • Est. yearly production 9,065 kWh
  • Est. monthly savings $98
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.56 tons a year
  • Equivalent to planting 164 trees a year
  • Equivalent to driving 8,820 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,375 a year
Est. Price
$19,355
Savings from a 7kWthis system
  • Est. yearly production 10,576 kWh
  • Est. monthly savings $115
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.16 tons a year
  • Equivalent to planting 191 trees a year
  • Equivalent to driving 10,290 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,571 a year
Est. Price
$22,120
Savings from a 8kWthis system
  • Est. yearly production 12,087 kWh
  • Est. monthly savings $131
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 4.75 tons a year
  • Equivalent to planting 218 trees a year
  • Equivalent to driving 11,760 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,768 a year
Est. Price
$24,885
Savings from a 9kWthis system
  • Est. yearly production 13,598 kWh
  • Est. monthly savings $147
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 5.34 tons a year
  • Equivalent to planting 245 trees a year
  • Equivalent to driving 13,230 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,964 a year
Est. Price
$27,650
Savings from a 10kWthis system
  • Est. yearly production 15,109 kWh
  • Est. monthly savings $157
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 5.7 tons a year
  • Equivalent to planting 262 trees a year
  • Equivalent to driving 14,100 mi less a year

Arab Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for photovoltaic or wind turbines for rural small businesses and farms. Curious if you are eligible? Our REAP Grant eligibility tool can help you find out.

For those looking into residential solar, the 30% federal income tax credit is available to almost all homeowners, which makes solar a sensible option in various states. Apart from the federal incentives, state and local programs also aim to boost solar energy uptake.

In Alabama, different utilities and government bodies offer 4 solar rebate and incentive initiatives.

Local Government Energy Loan Program

Value:Varies

Through its public-private partnership with PowerSouth, Alabama's Local Government Energy Loan Program offers zero-interest loans to governments and educational institutes for improvements involving renewable energy sources. The loans are repayable through savings on utility bills. They may borrow up to $350,000 for eligible projects, while schools may ask for $350,000 pr campus or $500,000 per system. There is a minimum loan of $50,000. An energy audit must be completed to identify improvements and the recipient must be benchmarked using the Energy Star Portfolio Manager program following installation. Details and application are available on the program website.

Local Option- Sales Tax Abatement for Renewable Energy Facilities

Value:Varies

In order to encourage renewable energy sources, Alabama allows local governments to provide exemptions and abatement for qualifying renewable energy facilities; the precise governmental body depends on the size of the facility. Facilities may also qualify for a reduced tax rate of 1.5%, although it was only available until 2019. Hydroelectric power is exempted from the definition of renewable energy resource, but most other renewable resources do meet the definition. Note that the local government can impose an additional sales or use tax. The exemption and abatement only apply to the noneducational portion of the sales tax.

Local Option- Property Tax Exemption for Renewable Energy Faclities

Value:Varies

Alabama provides abatement of property tax for qualifying renewable energy facilities for the noneducational part of the property tax. While most renewable resources are included in the program, hydroelectric power is exempted. The property tax abatement is based on the annual value of the assessed value. The abatement may be given for ten years and extended for another ten years, for a total of twenty years, depending on the permission of the local authority. Interested facilities can apply with the local governmental body. The local authority will perform a cost/benefit analysis to determine the maximum exemption period for the abatement.

AlabamaSAVES Revolving Loan Program

Value:Varies

Alabama SAVES funds subordinated participating interests in qualified third-party loans for financing energy projects of existing Alabama businesses. The participating interest can be 25% of the loan or 100% of the cost of the project, whichever is lower. Before funding can be awarded, the project must undergo an energy assessment and an estimated energy savings impact must be submitted to ensure the loan will be paid back within 10 years. This program was initially capitalized through the American Recovery and Reinvestment Program and is offered through the Alabama Department of Economic and Community Affairs. Please see the program website for information and program materials.

Are solar panels worth it in Alabama?

If you plan to live in your home beyond the payback period of your solar system, solar panels are an clear choice in Arab. A 5 kW solar system in Arab, AL could potentially save you $23,862.2 over the course of 20 years, with the break even point usually at 7 years.

The cost of not having solar panels in Arab, AL

Without solar panels or another energy backup source, you miss out on the savings discussed earlier and are completely dependent on your electric utility for power. As illustrated in numerous recent news reports, total dependence on your utility is not always ideal.

Each year, utility customers in Alabama have faced an average of 1.69 outages per year. On average, an outage lasts 168.86 minutes. Major events such as planned maintenance, overloaded power grids or hurricanes can significantly extend these time frames.

A solar panel system, with or without a backup battery, could help mitigate the effects of future outages you might experience.

Power Outages

Currently, 0 customers are being tracked in Marshall County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Arab, AL?

Your Energy Needs - Larger solar panel systems have a higher initial cost, yet the average cost per watt falls as the system size expands. It is often beneficial for homeowners to install a solar system that can generate enough electricity to completely replace their electric bill, which results in significant savings.

Make & Model - There are a range of makes and models of solar panels. Considering the brand preferences that your installer may have, it's essential to choose a reputable contractor. Selecting better quality materials usually provides a more positive long-term experience for the buyer.

Solar Panel Type - For several valid reasons, monocrystalline panels are now the industry standard. Despite the higher price tag, these panels provide greater energy output. Many installation experts use panels constructed from this material.

Your Property - Factors such as trees, uneven landscapes, or additional hurdles may cause the installation to be more difficult. These days, the majority of solar installers can leverage satellite imagery to assess your home and factor in these aspects into the first cost estimate.

Labor Rates - Companies compensate their employees in varying amounts, and these costs are passed down to consumers. Businesses paying more to their employees often receive higher reviews for their services and customer service.

Permitting & Interconnection - Depending on the area, local permitting and utility interconnection fees will impact the cost of your installation. Experienced local installers will include these figures in your initial estimates to guarantee transparency.

See what solar panels cost in other AL cities

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Who are the best solar installers in Arab?

Eagle Solar and Light

Birmingham, AL(205) 202-2208

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Go Solar Power

Boca Raton, FL(800) 530-9597

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Tungsten Electric

Nashville-Davidson metropolitan government, TN(615) 491-0206

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

LightEdison

Denver, CO(888) 966-6377

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Solar Plus

Atlanta, GA(470) 378-1182

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

Arab, AL Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in Arab, AL is $3.95/W. Post federal tax credit, a 5 kW solar panel system installation in Arab, AL will roughly cost $13,825.

  • Currently, Alabama residents can benefit from 4 rebates and incentives available through various utilities and government bodies. Also, nearly everyone can take advantage of the 30% federal tax credit.

  • Paying cash will lead to the most savings, but currently there are multiple options for financing solar panels that make great money sense as well. Installers frequently offer financing options and will include them in your initial quotes.

  • Yes, the payback period for 5 kW solar energy systems in Arab, AL averages 7 years, with electricity savings of about $23,862.2 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01