Solar Panels Cost $0k-$0k in Covington County, AL | November, 2024
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How much do solar panels cost in Covington County, AL in 2024?
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To have solar panels in Covington County, AL in the month of November, 2024 costs around $0/W.
It will cost $0, on average, per 1000 watts (1 kW) of capacounty that your solar panels have. A 5 kW solar system in Covington County will typically cost you $0 after applying the 30% federal tax credit. Remember that a higher capacity system may be needed to satisfy your energy demands.
To the left, you can choose your county to find the typical roof size and average maximum capacity for solar panels on homes in your area. You can also see an analysis of the costs, payback period and 20 year average savings for a 5 kW system installed in your county below.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Covington County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Covington 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.
Covington County: $45,187US Average: $16,169
Solar Potential in Covington County
Estimated system size and solar electricity production per median viable roof in Covington County.
Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 16.2kkWh AC per yr.
Electricity Costs in Covington County, AL & What that Means for Your Solar Panel Pricing
Covington County energy consumers consume an average of1,161 kWh each month, resulting in an average electric bill of 188.28. Flats and other smaller living spaces with less energy demand are reflected in this statistic.
The average rate for electricity in Covington County, AL in November, 2024 is 16.21¢ per kWh.
Installing a a 10 kW solar panel installation will be priced at about $0 before applying incentives, but with the 30% federal tax credit, you can get a 30% credit, lowering the price to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Covington County
Below on the left side, you'll find the pricing details for various sizes of solar panel systems set up in Covington County. While a larger solar installation does come with a greater cost, it also brings increased electricity savings and higher income tax credits.
Check a cost benefit analysis in the solar panel cost calculator down and to the right, for an average electric bill of $188.28 in Covington County. Alter the $188.28 to fit your typical bill payment for customized outcomes.
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 4.28 tons a year
Equivalent to planting 197 trees a year
Equivalent to driving 10,602 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 5 tons a year
Equivalent to planting 230 trees a year
Equivalent to driving 12,369 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 5.71 tons a year
Equivalent to planting 262 trees a year
Equivalent to driving 14,136 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 $181
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 6.42 tons a year
Equivalent to planting 295 trees a year
Equivalent to driving 15,903 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 $188
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 6.66 tons a year
Equivalent to planting 306 trees a year
Equivalent to driving 16,490 mi less a year
Covington County Solar Panel Installation Incentives & Rebates | 2024
Between 80% and 100% of your photovoltaic or wind turbine installation costs may be covered by the REAP Grant if you own a rural small business or farm. To see if you qualify, use our REAP Grant eligibility tool.
For residential solar installations, almost all homeowners are eligible for a 30% federal income tax credit, which makes solar energy a feasible choice in many parts of the country. Moreover, many regional and state programs are set up to encourage more people to switch to solar power.
Different utilities and governmental bodies in Alabama offer 4 solar rebate and incentive initiatives.
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 Covington County, AL?
For those in Covington County looking to stay in their homes past the payback period of their solar system, solar panels make excellent sense. Over a 20 year period, a 5 kW solar system in Covington County, AL could save you around $45,187.2, with the average break even time being 0 years.
The cost of not having solar panels in Covington County, AL
The lack of solar panels or an alternative energy backup means you'll forgo the earlier mentioned savings and be entirely reliant on your electric utility for power. Full reliance on your utility is not always ideal as the news has recently shown.
On average, there are 1.24 outages per customer each year in Covington County. Usually, outages have an average duration of 108.4 minutes. However, during critical events like construction accidents, equipment failure or landslides, these times can extend dramatically.
Take a look at the graphic below to see the number of current electricity customers without power in Covington County.
A solar panel system with (or without) a backup battery could ease the stress of future outages you face.
Power Outages
Currently, 0 customers are being tracked in Covington County.
What impacts the cost of solar panels in Covington County, AL?
Your Energy Needs - With larger solar panel systems, the cost per watt decreases, despite the greater upfront expense. Setting up a solar panel system that can replace the electric bill is beneficial to individuals because of the savings gained.
Make & Model - Just like other products, solar panels are offered in a wide variety of makes and models. Given the brand preferences that your installer may have, it's important to select a highly rated contractor. The use of better makes and models can greatly enhance the long-term experience for buyers.
Solar Panel Type - The industry standard is now monocrystalline panels, and justifiably so. They come with a higher price, but they provide more energy. The majority of solar panel installers prefer this material.
Your Property - Every home and property is unique. Sloped land, trees, or v can increase the complexity of the installation. Solar installers nowadays typically utilize satellite imagery to assess your home and factor in these factors into the preliminary cost estimate.
Labor Rates - The pay that various companies offer their employees differ, and these expenses are passed on to the consumers. Companies that pay higher wages frequently garner higher reviews for their work and customer service.
Permitting & Interconnection - Depending on the location, permitting and utility interconnection fees will influence your installation price. Good local installers will build these figures into your first estimates to avoid any surprises.
See what solar panels cost in other Covington County cities
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Covington County, AL Solar Panel Cost FAQs
During November, 2024, the average price for solar panel installations in Covington County, AL is $0/W. Post federal tax credit, a 5 kW solar panel system installation in Covington County, AL will roughly cost $0.
Alabama offers 4 different rebates and incentives from a range of utilities and government organizations. On top of that, most individuals are eligible for the 30% federal income tax credit.
Even though cash payments provide the greatest savings, many financing options for solar panels today are also cost-effective. Financing options are frequently available through installers and will be detailed in your initial quotes.
Yes, the typical payback time for 5 kW solar panel systems in Covington County, AL is 0 years, and the expected electricity cost savings over 20 years is $45,187.2.
Savings from 
Environmental Impacts 
