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

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

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

You will pay $3.95 per watt in Boaz, AL in the month of October, 2024 to go solar.

For every 1000 watts (1 kW) your solar system can generate, you will need to invest, on average, $3,950 for its installation. You can come to this conclusion by applying the rate price cost per watt above. In Boaz, a 5 kW solar installation will cost you, on average, $13,825 after the 30% federal income tax credit. Please note that a more powerful system may be necessary to satisfy your energy demands.

Use the left-hand menu to choose your area and see the typical roof size and the maximum capacity for solar panels on homes in your county. Outlined below are the costs, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Boaz: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Boaz: 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.
Boaz: $19,939US Average: $15,784

Solar Potential in Boaz

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

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

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

For energy consumers in Boaz, the average electric bill amounts to $165.37 per month, with a typical usage of 1,197 kWh. Remember that apartments and smaller homes, which generally have lower energy needs, are encompassed in this statistic.

In October 2024, the average electricity rate in Boaz, AL amounts to 13.81¢ per kWh.

If you’re a typical energy user in Boaz, you may need a solar system sized at 10 kW or larger to take care of all your electricity needs. Upfront, a 10 kW solar installation is around $39,500, with the federal tax credit returning 30% of your investment amount, lowering the cost to $27,650.

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Average solar panel costs by system size in Boaz

Displayed below and to the left, is a comprehensive pricing structure for different solar panel system sizes installed in Boaz. Although a bigger solar installation has a larger expense, it also offers greater electricity savings and larger income tax credits.

The solar panel cost and benefit breakdown, displayed in the calculator below and to the right, is based on an average electric bill of $165.37 in Boaz. Swap the $165.37 with your average electricity bill for more accurate results.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,269 a year
Est. Price
$16,590
Savings from a 6kWthis system
  • Est. yearly production 9,065 kWh
  • Est. monthly savings $106
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 3.65 tons a year
  • Equivalent to planting 168 trees a year
  • Equivalent to driving 9,038 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,481 a year
Est. Price
$19,355
Savings from a 7kWthis system
  • Est. yearly production 10,576 kWh
  • Est. monthly savings $123
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.26 tons a year
  • Equivalent to planting 196 trees a year
  • Equivalent to driving 10,544 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,692 a year
Est. Price
$22,120
Savings from a 8kWthis system
  • Est. yearly production 12,087 kWh
  • Est. monthly savings $141
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 4.87 tons a year
  • Equivalent to planting 224 trees a year
  • Equivalent to driving 12,050 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,904 a year
Est. Price
$24,885
Savings from a 9kWthis system
  • Est. yearly production 13,598 kWh
  • Est. monthly savings $159
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 5.48 tons a year
  • Equivalent to planting 252 trees a year
  • Equivalent to driving 13,557 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,115 a year
Est. Price
$27,650
Savings from a 10kWthis system
  • Est. yearly production 15,109 kWh
  • Est. monthly savings $165
  • Full payback in 14 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

Boaz Solar Panel Installation Incentives & Rebates | 2024

If you run a small business or farm in a rural area, you could receive REAP Grant support that covers 80% to 100% of your solar or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.

When it comes to residential solar, almost all people can take advantage of the 30% federal income tax credit, which makes solar a viable option in most regions of the nation. In addition, various regional and state incentives are in place to boost solar energy adoption.

Alabama features 4 solar rebate and incentive initiatives offered by multiple utilities and government organizations.

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?

For those looking to stay in their home past the solar system's payback period, solar panels are a good investment in Boaz. Installing a 5 kW solar system in Boaz, AL will, on average, save you $25,863.8 over 20 years, and you can expect to break even in about 7 years.

The cost of not having solar panels in Boaz, AL

In addition to forgoing the savings discussed previously, not installing solar panels or another form of backup power results in you being completely dependent on your electric utility. Complete reliance on your utility provider isn't always the best idea, as recent examples in the news have shown.

Boaz utilities have reported 1.12 outages per customer per year recently. Outages generally last for an average of 110.26 minutes. During major occurrences like lightning strikes, aging infrastructure, or planned maintenance, these times can extend significantly.

A solar energy system, whether it includes a backup battery or not, could help relieve the burden of future power outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Marshall County.

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Customers Out:

0

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

Your Energy Needs - While larger solar panel systems involve a greater upfront expense, the average price per watt drops as the system size grows. It is often useful for consumers to set up a solar system that can generate enough electricity to offset their electric bill, which ensures significant savings.

Make & Model - Solar panels come in a wide variety of makes and models. The contractor’s preference for system makes it important to select a highly rated company. Better quality makes and models often lead to a more favorable long-term experience for buyers.

Solar Panel Type - Monocrystalline panels are broadly acknowledged as the standard in the industry, and for good cause. Even with a higher cost, this technology yield more energy. The majority of installers choose panels constructed using this material.

Your Property - No two homes or properties are the same. Elements like trees, irregular terrain, or other challenges might complicate the installation process. Solar installers nowadays commonly use satellite imagery to evaluate your home and factor in these elements into the preliminary cost estimate.

Labor Rates - The costs related to the varying wages given by companies to their employees are transferred to the consumers. Higher wages typically lead to businesses getting better reviews for their services and customer service.

Permitting & Interconnection - Depending on the location, permitting and utility interconnection fees will influence your installation price. Quality 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 Boaz?

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.

Boaz, AL Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Boaz, AL has reached $3.95/W. The installation of a 5 kW solar panel system in Boaz, AL will cost about $13,825 after federal tax credits.

  • At present, there are 4 rebates and incentives available to Alabama residents from various utility and government programs. In addition, nearly all people are eligible for the 30%federal tax credit.

  • Even though paying cash offers the most savings, there are now multiple financing options for solar panels that also make financial sense. Installers often have financing partners and will include this information in your initial quotes.

  • Yes, the average 5 kW solar panel payback period in Boaz, AL stands at 7 years, yielding average electricity savings of $25,863.8 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01