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

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

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

You'll pay around $3.95/W to go solar in the month of October, 2024 in Glencoe, AL.

Or in other words, solar panel installations will cost you about $3,950 per 1 kW (or 1000 watts) of production capacity. After deducting the 30% federal tax credit, the cost of a 5 kW solar panel system in Glencoe typically comes out to approximately $13,825. Keep in mind that a more powerful system may be needed to fulfill your energy demands.

To the left, you can select your county to view the average roof size and average maximum capacity for residential solar on homes in your area. Displayed below is an outline of the price, 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.
Glencoe: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Glencoe: 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.
Glencoe: $24,969US Average: $15,784

Solar Potential in Glencoe

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

Roof size 644sq. ft.
Capacity 9kW DC
Electricity 11kkWh AC per yr.

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

The typical monthly electricity cost for a Glencoe consumer is $186.33, with a typical usage of 1,142 kWh. Remember, this number encompasses smaller residential units such as apartments, which usually have lower energy needs.

Glencoe, AL's electricity rate averages 16.32¢ per kWh in October 2024.

Average energy consumers in Glencoe will need a solar panel system with a generation capacity of 10 kW or more to cover their entire electricity usage demands. Currently, a 10 kW solar panel system will cost around $27,650 after incentives.

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Average solar panel costs by system size in Glencoe

Available below and to the left is the pricing breakdown for multiple sizes of the solar panel systems in Glencoe. Bigger solar installations come with a higher price, yet they also yield higher electricity savings and larger income tax credits.

The solar panel cost and benefit breakdown, displayed in the calculator to the right and below, is based on an average electric bill of $186.33 in Glencoe. If you prefer more personalized results, just adjust the $186.33 to whatever your average electricity bill is.

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

Glencoe Solar Panel Installation Incentives & Rebates | 2024

Rural small business and farm owners might benefit from the REAP Grant, which could cover 80% to 100% of their solar or wind energy installation expenses. Think you fall into this category? Check your qualification with our REAP Grant eligibility tool.

For those considering residential solar, the 30% federal income tax credit is accessible to most people, which makes solar power a wise investment in various parts of the country. Furthermore, several state and local initiatives are in place to further encourage the adoption of solar energy.

Different utilities and governmental organizations in Alabama offer 4 solar rebate and incentive initiatives.

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 plan living in your home longer than the solar system's payback period, adding solar panels is an clear decision in Glencoe. A 5 kW system in Glencoe, AL will help you save you, on average, $30,894.2 over a 20 period and the average break even point is 6 years.

The cost of not having solar panels in Glencoe, AL

Besides the savings mentioned earlier, failing to have solar panels or an alternative energy backup means you being wholly dependent on your electric utility for electricity. As recent news articles have shown, total reliance on your utility provider isn't always the best situation.

Glencoe utilities have reported 1.12 outages per customer per year recently. On average, the length of an outage is 110.26 minutes. Major events like thunderstorms, aging infrastructure, or vandalism can cause these durations to rise considerably.

A solar panel system could reduce the inconvenience of future outages, even if it lacks a backup battery.

Power Outages

Currently, 0 customers are being tracked in Etowah County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Glencoe, AL?

Your Energy Needs - When opting for larger solar panel systems, the overall expense is greater; however, the cost per watt reduces with an increase in system size. Consumers often find that setting up a solar system to fully cover their electric bill is a beneficial decision, resulting in the most savings.

Make & Model - Just like many products, solar panels are offered in a variety of makes and models. Given the certain system preferences an contractor might have, selecting a reputable contractor is critical. For buyers seeking a superior long-term experience, opting for superior quality equipment is essential.

Solar Panel Type - Monocrystalline panels have earned their place as the standard in the industry, and for good reasons. Although they are more expensive, they generate increased energy. The majority of installers use panels made of this material.

Your Property - Each property and home presents unique challenges. Trees, irregular terrain, or other obstacles may complicate the installation process. These days, satellite images allow many solar installers to evaluate your home and incorporate these factors into the preliminary cost estimate.

Labor Rates - The varying wages that companies offer their employees result in costs that are ultimately passed on to consumers. Businesses frequently receive higher reviews for their work and customer service when they pay higher wages.

Permitting & Interconnection - Regional differences in permitting and utility interconnection fees will influence your installation cost. Reputable local installers will include 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 Glencoe?

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.

Glencoe, AL Solar Panel Cost FAQs

  • In Glencoe, AL, the mean cost per watt for solar panels as recorded in October, 2024 is $3.95/W. Post federal tax credit, a 5 kW solar panel system installation in Glencoe, AL will roughly cost $13,825.

  • Alabama offers 4 different rebates and incentives from a range of utilities and government organizations. On top of that, nearly everyone can qualify for the 30% federal tax credit.

  • While cash payments provide the most savings, there are now many financing options for solar panels that are also advantageous. Initial quotes from installers will frequently contain information about available financing options.

  • Yes, the typical payback time for 5 kW solar panel systems in Glencoe, AL is 6 years, and the expected electricity cost savings over 20 years is $30,894.2.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01