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

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

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How much do solar panels cost in Forestdale CDP, AL in 2024?

You will spend around $3.95/W in Forestdale CDP, AL in the month of October, 2024 to have solar panels installed.

Stemming from the price per watt, we are able to come to the conclusion that for every 1 kW (1000 watts) your system can produce you will invest $3,950 to get your panels installed. In Forestdale CDP, you can expect to pay about $13,825 for a 5 kW system once the 30% federal income tax credit is factored in. In accordance with your energy usage, your home may need a bigger system.

To the left, you can select your county to access information on the typical roof size and the maximum capacity of residential solar for houses in your area. Below, you can see a full analysis of the costs, 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.
Forestdale CDP: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Forestdale CDP: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Forestdale CDP: $24,969US Average: $15,784

Solar Potential in Forestdale CDP

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

Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 12.5kkWh AC per yr.

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

The average monthly electric bill for a Forestdale CDP energy consumer is $186.33, with an typical usage of 1,142 kWh. Compact dwellings, such as townhouses and condos, are also covered in the figures noted in the prior sentence.

In October 2024, Forestdale CDP, AL's mean electricity rate is 16.32¢ per kWh.

To take care of the electricity requirements of a typical consumer in Forestdale CDP, a solar system of 10 kW or higher is necessary. After incentives, a 10 kW solar system is priced at around $27,650.

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Average solar panel costs by system size in Forestdale CDP

To the left and below, the cost breakdown for different sizes of the solar panel systems installed in Forestdale CDP is displayed. Naturally, a larger solar system implies a greater upfront cost, but it also translates to more significant electricity savings and larger income tax credits.

The breakdown of costs and benefits for solar panels, shown in the calculator down and to the right, is based on an average electric bill of $186.33 in Forestdale CDP. Swap the $186.33 with your usual electricity bill to get more accurate results.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,450 a year
Est. Price
$16,590
Savings from a 6kWthis system
  • Est. yearly production 9,065 kWh
  • Est. monthly savings $121
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.7 tons a year
  • Equivalent to planting 170 trees a year
  • Equivalent to driving 9,163 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,692 a year
Est. Price
$19,355
Savings from a 7kWthis system
  • Est. yearly production 10,576 kWh
  • Est. monthly savings $141
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.32 tons a year
  • Equivalent to planting 198 trees a year
  • Equivalent to driving 10,690 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,934 a year
Est. Price
$22,120
Savings from a 8kWthis system
  • Est. yearly production 12,087 kWh
  • Est. monthly savings $161
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.94 tons a year
  • Equivalent to planting 227 trees a year
  • Equivalent to driving 12,217 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,176 a year
Est. Price
$24,885
Savings from a 9kWthis system
  • Est. yearly production 13,598 kWh
  • Est. monthly savings $181
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 5.55 tons a year
  • Equivalent to planting 255 trees a year
  • Equivalent to driving 13,744 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,417 a year
Est. Price
$27,650
Savings from a 10kWthis system
  • Est. yearly production 15,109 kWh
  • Est. monthly savings $186
  • Full payback in 12 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

Forestdale CDP Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for solar or wind turbines for rural small businesses and farms. Verify if you are eligible by utilizing our REAP Grant eligibility tool.

With the availability of a 30% federal income tax credit, solar energy becomes a viable solution for almost all homeowners, especially in various parts of the country. State and local efforts are also in place to boost the growth of solar energy use.

A total of 4 solar incentive and rebate programs are available in Alabama from 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?

If you intend to live in your home beyond the payback period of your solar system, solar panels are an excellent choice in Forestdale CDP. A 5 kW solar system in Forestdale CDP, AL might save you an average of $30,894.2 over 20 years, with the break even point typically being 6 years.

The cost of not having solar panels in Forestdale CDP, AL

Skipping solar panels or an alternative backup energy source results in you'll miss out on the savings mentioned above and be completely dependent on your electric utility for power. Full reliance on your utility provider is not always ideal, as recent examples in the news have highlighted.

On average, customers in Forestdale CDP have faced 1.12 utility outages per year in recent times. On average, the length of an outage is 110.26 minutes. Major events like heavy rain and flooding, construction accidents, or aging infrastructure can cause these durations to rise considerably.

A solar panel system, with or without a backup battery, could mitigate the effects of future outages you might face.

Power Outages

Currently, 0 customers are being tracked in Jefferson County.

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Customers Out:

0

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What impacts the cost of solar panels in Forestdale CDP, AL?

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is reduced as the system size grows. Most consumers find it useful to install a solar system that can produce enough electricity to offset the entirety of their electric bill. This approach makes the most sense for optimal savings.

Make & Model - Similar to many other products, there are different makes and models of solar panels and mounting equipment to choose from. Given the certain brand preferences an installer might have, picking a highly rated company is crucial. The choice of better materials can substantially better the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and deservedly so. Although the cost is more, they yield more energy. Many installers use these panels.

Your Property - Each home and property is unique in its own way. Rough terrain, trees, or additional obstacles may complicate the installation. These days, solar installers frequently utilize satellite images to evaluate your home and include these elements into the preliminary cost estimate.

Labor Rates - Companies pay varying pay rates to their employees, which are then passed on to the prices consumers pay. Businesses typically garner higher reviews for their services and customer service when they pay higher wages.

Permitting & Interconnection - Your final installation cost will be influenced by local permitting and utility interconnection fees, which vary by area. Reputable local installers will integrate these numbers into your preliminary quotes to prevent any surprises.

See what solar panels cost in other AL cities

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Who are the best solar installers in Forestdale CDP?

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.

Forestdale CDP, AL Solar Panel Cost FAQs

  • The typical cost per watt for solar panels in Forestdale CDP, AL as of October, 2024 is $3.95/W. With the federal tax credit, the cost of a 5 kW solar panel system in Forestdale CDP, AL drops to roughly $13,825.

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

  • Even though cash payments provide the greatest savings, numerous financing options for solar panels today are also advantageous. Information about financing options is typically provided in initial quotes provided by installers.

  • Yes, on average, the return on investment for 5 kW solar panel systems in Forestdale CDP, AL is achieved in 6 years, with electricity savings amounting to $30,894.2 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01