Solar Panels Cost 16k-27k in Foley, AL | November, 2024

Solar Panels Cost $16k-$27k in Foley, AL | November, 2024

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

To go solar averages out to $3.96 per watt in November, 2024 in Foley, AL.

It will cost you $3,960, on average, per 1K (or 1000 watts) your solar system is able to generate. After receiving the 30% federal tax credit, you will pay around $13,860 for a 5 kW panel install in Foley. Please consider, a 5kW system might not be sufficient to adequately cover your energy consumption.

To your left, you have the option to select your county and view the typical roof size along with the average maximum capacity for solar panel installations on homes in your area. Below, you can see a summary 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.
Foley: $13,860US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Foley: 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.
Foley: $19,097US Average: $16,169

Solar Potential in Foley

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

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

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

Energy consumers in Foley typically pay $162.07 per month for electricity, with a typical monthly usage of1,222 kWh. This number also reflects data from apartments and smaller homes with reduced energy needs.

Foley, AL's electricity rate is 13.26¢ per kWh in November 2024.

To meet their full power consumption needs of an average user in Foley, a solar power system of 10 kW or higher is a must. After incentives, a 10 kW setup costs around $27,720.

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Average solar panel costs by system size in Foley

On the left side, you'll see a detailed cost breakdown of the various sizes of solar panel systems implemented in Foley. Even though a more extensive solar installation carries a larger expense, it also provides higher electricity savings and higher income tax credits.

Check a cost benefit analysis in the solar panel cost calculator to the right and below, for an average electric bill of $162.07 in Foley. Adjust the $162.07 to your typical electricity bill payment for results that fit your situation.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,178 a year
Est. Price
$16,632
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 3.45 tons a year
  • Equivalent to planting 159 trees a year
  • Equivalent to driving 8,547 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,375 a year
Est. Price
$19,404
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 4.03 tons a year
  • Equivalent to planting 185 trees a year
  • Equivalent to driving 9,972 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,571 a year
Est. Price
$22,176
Savings from a 8kWthis system
  • Est. yearly production 12,087 kWh
  • Est. monthly savings $131
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 4.6 tons a year
  • Equivalent to planting 211 trees a year
  • Equivalent to driving 11,396 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,768 a year
Est. Price
$24,948
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 5.18 tons a year
  • Equivalent to planting 238 trees a year
  • Equivalent to driving 12,821 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,964 a year
Est. Price
$27,720
Savings from a 10kWthis system
  • Est. yearly production 15,109 kWh
  • Est. monthly savings $162
  • 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 14,099 mi less a year

Foley Solar Panel Installation Incentives & Rebates | 2024

For rural small businesses and agricultural properties, the REAP Grant could provide funding that covers between 80% and 100% of the necessary expenses for installing renewable energy systems. If you think you might qualify, we suggest trying our REAP Grant eligibility tool to check.

For those looking into residential solar, the 30% federal income tax credit is available to most people, which makes solar a feasible option in many states. State and local governments have various programs to promote the switch to solar energy.

Alabama has 4 solar rebate and incentive initiatives offered by various utilities and government agencies.

Solar incentives in AL

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 live in your home past the solar system's payback period, solar panels are a wise decision in Foley. By installing a 5 kW solar system in Foley, AL, you can expect to save roughly $25,036.8 over 20 years, with the break even point usually being 7 years.

The cost of not having solar panels in Foley, AL

Failing to have solar panels or an alternative backup energy means missing the savings mentioned earlier and being entirely reliant on your electric utility for electricity. Recent media coverage has demonstrated that complete reliance on your utility is not always ideal.

There are about 0.97 outages per customer annually in Foley. Usually, outages have an average duration of 63.1 minutes. However, during critical events like wildlife damage, equipment failure or winter storms, these times can extend dramatically.

A solar energy system could help mitigate the effects of future outages, with or without a backup battery.

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 Foley, AL?

Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt diminishes. Setting up a solar system that makes sufficient electricity to offset their electric bill is useful to most individuals, resulting in savings.

Make & Model - Solar panels and mounting equipment are offered in a variety of makes and models. Considering the brand preferences that your installer may have, it's crucial to choose a highly rated contractor. To ensure a more favorable long-term experience, buyers should consider higher quality materials.

Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and it's not hard to see why. These panels have a higher cost but offer a higher energy efficiency. Many installers in the industry use panels constructed of this material.

Your Property - No two properties or homes are the same. Trees, sloped land, or additional considerations can make the installation process more challenging. These days, satellite images allow the majority of solar installers to assess your home and factor in these considerations into the preliminary cost estimate.

Labor Rates - The wages that companies pay their employees are different, and these costs are inevitably shown in consumer prices. Businesses paying more to their employees often get 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 installers will factor these costs into your preliminary 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 Foley?

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

  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.

Core Development Group

(201) 825-2195

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.

Go Solar Power

West Palm Beach, FL(877) 558-1882

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.

Silver Sun Solar

Deltona, FL(407) 832-42452

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Tungsten Electric

Nashville-Davidson metropolitan government, TN(615) 491-0206

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.

LightEdison

Denver, CO(888) 966-6377

Services

  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Reparation of batteries.
  • Auditing of energy requirements for independent energy generation.
  • Solar systems for selling electricity back to the grid.

Solar Plus

Atlanta, GA(470) 378-1182

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Consulting on all things solar related.

Foley, AL Solar Panel Cost FAQs

  • In November, 2024, the typical price per watt for solar panels in Foley, AL is $3.96/W. With the federal tax credit, the cost of a 5 kW solar panel system in Foley, AL drops to roughly $13,860.
  • If you live in Alabama, you can find 4 rebates and incentives through different utilities and government agencies. On top of that, nearly everyone can qualify for the 30% federal tax credit.
  • Even though paying cash yields the best savings, there are now numerous financing options for solar panels that are also advantageous. Financing options are frequently available through installers and will be included in your initial quotes.
  • Yes, on average, 5 kW solar panels in Foley, AL pay for themselves in 7 years, with homeowners saving approximately $25,036.8 on electricity over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-11-05