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

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

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

In October, 2024, the current price per watt of solar in Daphne, AL is $3.95/W.

So, solar panel installations will cost you about $3,950 per 1 kW (or 1000 watts) of generation capacity. In Daphne, the cost of a 5 kW panel install is typically $13,825, after the 30% federal tax credit. However, please keep in mind that a higher capacity system might be required to satisfy your energy demands.

On the left side, choose your county to find the typical roof size and the maximum capacity of solar panels for homes in your area. Below, you can see an analysis 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.
Daphne: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Daphne: 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.
Daphne: $17,556US Average: $15,784

Solar Potential in Daphne

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

Roof size 1,037sq. ft.
Capacity 14.5kW DC
Electricity 18.9kkWh AC per yr.

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

The monthly electricity usage for a typical Daphne household is 1,203 kWh, with a standard bill of $155.44. These figures include apartments and smaller residences with typically reduced energy demand.

In October 2024, Daphne, AL's average electricity rate amounts to 12.92¢ per kWh.

For the typical energy consumer in Daphne, a system size of 10 kW or more is necessary to satisfy their entire power usage requirements. After incentives, a 10 kW solar system will cost around $27,650.

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Average solar panel costs by system size in Daphne

Shown on the left and below is the cost analysis for multiple sizes of solar panel systems set up in Daphne. While a more extensive solar installation has a larger expense, it also provides higher electricity savings and larger income tax credits.

Look at the solar panel cost calculator below and to the right to see the cost and benefit details derived from an average $155.44 electric bill in Daphne. To get personalized results, change the $155.44 to reflect your average electricity payment.

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 3.61 tons a year
  • Equivalent to planting 166 trees a year
  • Equivalent to driving 8,934 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 4.21 tons a year
  • Equivalent to planting 193 trees a year
  • Equivalent to driving 10,423 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 4.81 tons a year
  • Equivalent to planting 221 trees a year
  • Equivalent to driving 11,912 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 5.41 tons a year
  • Equivalent to planting 249 trees a year
  • Equivalent to driving 13,401 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 $155
  • 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

Daphne Solar Panel Installation Incentives & Rebates | 2024

For rural agricultural enterprises and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing photovoltaic or wind energy systems. Believe you might be eligible? Use our REAP Grant eligibility tool to confirm your eligibility.

For those considering residential solar, the 30% federal income tax credit is available to nearly everyone, making solar power a good investment in numerous parts of the country. State and local efforts are also in place to further drive the growth of solar energy use.

A number of utilities and governmental agencies in Alabama provide 4 solar rebate and incentive programs.

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 expect to live in your home beyond the time it takes to recoup your solar investment, adding solar panels in Daphne is an excellent decision. Installing a 5 kW solar system in Daphne, AL will, on average, save you $23,480.6 over 20 years, and you can expect to break even in about 7 years.

The cost of not having solar panels in Daphne, AL

Forgoing solar panels or an alternative backup energy source results in you'll miss out on the savings highlighted above and be fully dependent on your electric utility for power. Recent news stories have shown that complete dependence on your utility is not always ideal.

The average number of outages per customer per year for utilities in Daphne has been 2.09 recently. The average duration of each outage is 160.03 minutes. During severe events like aging infrastructure, thunderstorms or planned maintenance, these times can grow significantly longer.

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 Baldwin County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Daphne, 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. Individuals often find that installing a solar system that can replace their electric bill is highly beneficial. This strategy results in greater savings.

Make & Model - Similar to other industries, the solar energy sector features a range of solar panel and mounting equipment brands and designs. Considering the particular system preferences an contractor might have, selecting a highly rated company is critical. Superior quality makes and models generally lead to a more positive long-term experience for buyers.

Solar Panel Type - There are valid reasons why monocrystalline panels are now the industry standard. Although the cost is higher, they yield more energy. Many installers use these kinds of panels.

Your Property - No two homes or properties are the same. Elements such as trees, irregular terrain, or other challenges might complicate the installation process. Most solar installers today leverage satellite imagery to evaluate your home and include these factors into the initial cost estimate.

Labor Rates - The varied employee wages paid by companies cause costs that consumers eventually bearing . It is frequently observed that businesses with higher wages receive superior reviews for their services and customer service.

Permitting & Interconnection - Your final installation cost will be influenced by local permitting and utility interconnection fees, which change by area. Good installers will factor these costs into your first quotes to prevent unexpected expenses.

See what solar panels cost in other AL cities

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Who are the best solar installers in Daphne?

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.

Daphne, AL Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Daphne, AL has reached $3.95/W. A 5 kW solar panel system will cost you around $13,825 in Daphne, AL after the federal tax credit is applied.

  • Homeowners in Alabama can take advantage of 4 different rebates and incentives from a variety of utility companies and government agencies. Additionally, almost everyone is entitled to the 30% federal income tax credit.

  • Even though paying cash provides the most savings, there are now several financing options for solar panels that also are cost-effective. Installers typically partner with financing companies and will include this information into your initial quotes.

  • Yes, homeowners in Daphne, AL generally see a payback time of 7 years for 5 kW solar panel systems, with electricity savings averaging $23,480.6 over a 20-year period.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01