Solar Panels Cost 13k-24k in Bessemer, AL | October, 2024

Solar Panels Cost $13k-$24k in Bessemer, AL | October, 2024

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

As of October, 2024, the current cost to get solar panels installed in Bessemer, AL is $3.95 per watt.

Said another way, for every 1000 watts (or 1 Kw) your system can generate you will spend $3,950 to get your system installed in . When you deduct the 30% federal tax credit, you can expect to spend approximately $13,825 for a 5 kW solar setup in Bessemer. It's vital to consider that a higher capacity system might be essential to fulfill your energy needs.

On the left, you can choose your county to view the average roof size and the maximum capacity for residential solar on houses in your area. You can also see an outline of the costs, payback period and 20 year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Bessemer: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Bessemer: 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.
Bessemer: $17,772US Average: $15,784

Solar Potential in Bessemer

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

Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 12.5kkWh AC per yr.

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

For Bessemer energy consumers, the typical electric bill is $156.34 per month, with a usage of 1,077 kWh. Smaller dwellings, such as townhouses and condos, are also covered in the statistics mentioned in the preceding sentence.

Bessemer, AL's electricity rate is 14.51¢ per kWh in October 2024.

If you’re a typical electricity consumer in Bessemer you has to have a 9 kW or higher sized system to take care of all of your energy usage demands. Initially, a 9 kWsetup will cost about $35,550, but with a 30% federal tax credit, the price drops to $24,885.

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Average solar panel costs by system size in Bessemer

To the left side and below, there is the pricing details for multiple sizes of the solar panel systems set up in Bessemer. Naturally, with a larger solar system, there will be a larger initial investment, but the advantages include greater energy savings and larger income tax credits.

The solar panel cost calculator, located to the right and below, offers a cost and benefit breakdown using an average $156.34 electric bill for Bessemer. To get personalized results, adjust the $156.34 to align with your typical electricity payment.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,133 a year
Est. Price
$13,825
Savings from a 5kWthis system
  • Est. yearly production 7,554 kWh
  • Est. monthly savings $94
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.45 tons a year
  • Equivalent to planting 158 trees a year
  • Equivalent to driving 8,535 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,360 a year
Est. Price
$16,590
Savings from a 6kWthis system
  • Est. yearly production 9,065 kWh
  • Est. monthly savings $113
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.14 tons a year
  • Equivalent to planting 190 trees a year
  • Equivalent to driving 10,242 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,586 a year
Est. Price
$19,355
Savings from a 7kWthis system
  • Est. yearly production 10,576 kWh
  • Est. monthly savings $132
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.83 tons a year
  • Equivalent to planting 222 trees a year
  • Equivalent to driving 11,949 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,813 a year
Est. Price
$22,120
Savings from a 8kWthis system
  • Est. yearly production 12,087 kWh
  • Est. monthly savings $151
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 5.52 tons a year
  • Equivalent to planting 253 trees a year
  • Equivalent to driving 13,656 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,040 a year
Est. Price
$24,885
Savings from a 9kWthis system
  • Est. yearly production 13,598 kWh
  • Est. monthly savings $156
  • Full payback in 13 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

Bessemer Solar Panel Installation Incentives & Rebates | 2024

If you own a agricultural property or small business in a rural area, the REAP Grant could cover between 80% and 100% of your solar or wind turbine installation costs. Think you are eligible? Use our REAP Grant eligibility tool to see if you are eligible.

For those looking into residential solar, the 30% federal income tax credit is offered to nearly everyone, making solar a feasible option in various states. A number of state and local efforts are set up to enhance the adoption of solar energy.

Alabama residents have access to 4 solar rebate and incentive initiatives from multiple utilities and governmental bodies.

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're planning to stay in your home past the period required to pay back your solar investment, choosing solar panels is a wise decision in Bessemer. Having a 5 kW solar system in Bessemer, AL can potentially save you roughly $23,696.6 over a span of 20 years, with an average break even point of 7 years.

The cost of not having solar panels in Bessemer, AL

Skipping the installation of solar panels or an alternative backup energy source results in missing the earlier mentioned savings and total reliance on your electric utility for power. As recent news articles have pointed out, full dependence on your utility provider isn't always ideal.

Yearly, customers in Bessemer face approximately 1.12 outages every year. On average, the length of an outage is 110.26 minutes. Major events like winter storms, wildlife damage, or grid management errors can cause these durations to rise considerably.

A solar panel system with (or without) a backup battery could reduce the strain of future outages you face.

Power Outages

Currently, 0 customers are being tracked in Jefferson County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt decreases as the system size increases. It is often beneficial for consumers to install a solar system that can generate enough electricity to fully cover their electric bill, which leads to substantial savings.

Make & Model - Like many other products, there are different makes and models of solar panels to choose from. Your installer’s potential system preferences make it essential to select a recommended contractor. For consumers wanting a better long-term experience, choosing superior quality equipment is essential.

Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and rightly so. Although the cost is higher, they deliver more energy. The majority of installers use these kinds of panels.

Your Property - Challenges such as irregular terrain, trees, or other obstructions can increase the difficulty of installing solar panels. Solar installers now have the ability to use satellite images to evaluate your home and factor in these considerations in the first cost estimate.

Labor Rates - The differing wages that companies give their employees result in costs that are inevitably transferred to consumers. Businesses that invest in higher wages typically see higher reviews for their work and customer service.

Permitting & Interconnection - Your installation cost will be influenced by area-specific permitting and utility interconnection fees. Quality local installers will integrate these figures into your initial estimates to prevent any surprises.

See what solar panels cost in other AL cities

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Who are the best solar installers in Bessemer?

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.

Bessemer, AL Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Bessemer, AL has reached $3.95/W. After federal tax credits, the installation of a 5 kW solar panel system in Bessemer, AL is estimated to cost $13,825.

  • Residents of Alabama can currently take advantage of 4 rebates and incentives offered by various utilities and government bodies. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Opting for cash payments provides the highest savings, but there are now numerous financing options for solar panels that are financially sensible. Many installers have partnerships with financing companies and will provide this information in your initial quotes.

  • Yes, on average, 5 kW solar panels in Bessemer, AL pay for themselves in 7 years, with homeowners saving approximately $23,696.6 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01