Solar Panels Cost $0k-$0k in Coffee County, AL | November, 2024
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How much do solar panels cost in Coffee County, AL in 2024?
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You will pay, on average, $0 per watt in Coffee County, AL in the month of November, 2024 to get solar installed.
This means that, solar panels will cost you $0 per 1 kW (or 1000 watts) of generation capacounty. In Coffee County, when you subtract the 30% federal income tax credit, a 5 kW system will require you to pay $0. However, a 5kW systemmay not be enough to fulfill your energy requirements.
On the left-hand side, you can pick your county to see the average roof size and the maximum capacity for solar panels in residences in your area. Below, you can see a breakdown of 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.
Coffee County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Coffee County: 0 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Coffee County: $43,243US Average: $16,169
Solar Potential in Coffee County
Estimated system size and solar electricity production per median viable roof in Coffee County.
Roof size 1,090sq. ft.
Capacity 15.25kW DC
Electricity 20kkWh AC per yr.
Electricity Costs in Coffee County, AL & What that Means for Your Solar Panel Pricing
In Coffee County, the typical electric bill for an energy user is 180.18, with an average monthly usage of 1,140 kWh. Compact residences, such as efficiency studios and apartments, are also covered by the numbers cited in the earlier sentence.
The electricity rate per kWh in Coffee County, AL for November 2024 averages 15.8¢.
At the moment, a 10 kW solar setup will be priced at around $0upfront, but thanks to the federal tax credit, you get a 30% reimbursement, bringing the cost down to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Coffee County
Displayed on the left side, you'll see a comprehensive pricing structure of the various sizes of solar panel systems set up in Coffee County. More extensive solar installations have a greater cost, yet they also offer higher electricity savings and more generous income tax credits.
The solar panel cost calculator below and to the right breaks down costs and benefits, using an average $180.18 electric bill in Coffee County If you seek tailored results, modify the $180.18 to your average electricity bill amount.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,450 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 9,065 kWh
Est. monthly savings $121
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 3.82 tons a year
Equivalent to planting 176 trees a year
Equivalent to driving 9,468 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,692 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,576 kWh
Est. monthly savings $141
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 4.46 tons a year
Equivalent to planting 205 trees a year
Equivalent to driving 11,045 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,934 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 12,087 kWh
Est. monthly savings $161
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 5.1 tons a year
Equivalent to planting 234 trees a year
Equivalent to driving 12,623 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,176 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,598 kWh
Est. monthly savings $180
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 5.7 tons a year
Equivalent to planting 262 trees a year
Equivalent to driving 14,099 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,417 a year
Est. Price
$0
Savings from a 10kWthis system
Est. yearly production 15,109 kWh
Est. monthly savings $180
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 5.7 tons a year
Equivalent to planting 262 trees a year
Equivalent to driving 14,099 mi less a year
Coffee County Solar Panel Installation Incentives & Rebates | 2024
Rural farmers and small business owners could have between 80% and 100% of their solar energy or wind turbine installation expenses covered by the REAP Grant. Believe you might be eligible? Verify your qualification with our REAP Grant eligibility tool.
The federal government offers a 30% tax credit for residential solar systems, rendering solar practical and sensible for a variety of homeowners. On top of that, there are many state and local incentives to further encourage the adoption of solar energy.
Alabama provides 4 solar rebates and incentives from different utility companies and government organizations.
Solar incentives in ALIncentive Description Value
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 Coffee County, AL?
If you expect to own your residence longer than the solar system's payback period, solar panels are a wise investment in Coffee County. Over a 20 year time frame, a 5 kW solar system in Coffee County, AL could save you an estimated $43,243.2, with the average break even time being 0 years.
The cost of not having solar panels in Coffee County, AL
Without solar panels or another backup power source, you miss out on the previously noted savings and are fully dependent on your electric utility for electricity. Many recent news reports have highlighted that complete dependence on your utility is not always ideal.
On a yearly basis, the average number of outages per customer in Coffee County has been 1.42. On average, each outage lasts for 161.93 minutes. Major events like lightning strikes, vandalism, or overloaded power grids can considerably extend these durations.
Take a look at the info below to see the number of current electricity customers without power in Coffee County.
A solar energy system, regardless of whether it has a backup battery or not, could help relieve the pressure of future power outages you may experience.
Power Outages
Currently, 0 customers are being tracked in Coffee County.
What impacts the cost of solar panels in Coffee County, AL?
Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt decreases as the system size increases. Homeowners often find that installing a solar system that can replace their electric bill is highly beneficial. This method results in maximum savings.
Make & Model - Like other industries, the solar energy sector includes a range of solar panel brands and designs. The preferences for brand that your contractor has may make it crucial to choose a reputable installer. Opting for superior quality models can yield a greatly enhanced long-term experience for the buyer.
Solar Panel Type - It's understandable that monocrystalline panels are now the standard in the industry. Although the cost is higher, they deliver more energy. Many installers use these types of panels.
Your Property - Challenges like trees, sloping terrain, or additional considerations can increase the difficulty of installing solar panels. Solar installers currently typically use satellite imagery to evaluate your home and incorporate these factors into the initial cost estimate.
Labor Rates - The costs connected to the varying wages paid by companies to their employees are transferred to the consumers. Companies frequently garner higher reviews for their work and customer service when they offer better wages.
Permitting & Interconnection - Your final installation cost will be impacted by local permitting and utility interconnection fees, which change by area. Good local installers will incorporate these figures into your preliminary estimates to prevent any surprises.
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Coffee County, AL Solar Panel Cost FAQs
During November, 2024, the average price for solar panel installations in Coffee County, AL is $0/W. The approximate cost of a 5 kW solar panel system in Coffee County, AL, after deducting federal tax credits, is $0.
Alabama offers 4 different rebates and incentives from a range of utilities and government organizations. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
Cash payments offer the highest savings, yet several financing options now available for solar panels are financially beneficial as well. Installers will often include details on financing partners in the quotes they provide initially.
Yes, the average time to recoup the cost of 5 kW solar panels in Coffee County, AL is 0 years, with homeowners saving an average of $43,243.2 on electricity over 20 years.