Solar Panels Cost 13k-24k in Greenville, AL | October, 2024

Solar Panels Cost $13k-$24k in Greenville, AL | October, 2024

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

For solar panel installations in Greenville, AL, the cost per watt in October, 2024 is around $3.95/W.

In accordance with this price, we are able to come to the conclusion that for every 1 kW (1000 watts) your solar panels can produce, you will have to spend, on average, $3,950 for installation. In Greenville, you will pay about $13,825 for a 5 kW solar installation after subtracting the 30% federal income tax credit. Keep in mind that a higher capacity system could be essential to fully meet 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.
Greenville: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Greenville: 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.
Greenville: $25,008US Average: $15,784

Solar Potential in Greenville

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

Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 16.2kkWh AC per yr.

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

Energy consumers in Greenville typically pay $186.49 per month for electricity, with a typical monthly usage of1,104 kWh. These statistics include apartments and other smaller residences with less energy consumption.

Greenville, AL's electricity rate averages 16.89¢ per kWh in October 2024.

In Greenville, the average electricity user requires a solar power setup of 9 kW or higher to meet their full power needs. Presently, a 9 kW solar installation will be priced at around $35,550 before incentives, but the 30% federal tax credit will return 30%, reducing the price to $24,885.

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Average solar panel costs by system size in Greenville

To the left below, you can see the price breakdown for multiple sizes of the solar panel systems installed in Greenville. With larger solar systems, the price rises, but so do the electricity savings and the income tax credits you can receive.

Check the solar panel cost calculator below and to the right to see the cost and benefit details derived from an average $186.49 electric bill in Greenville. If you want personalized results, modify the $186.49 to your typical electricity bill amount.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,284 a year
Est. Price
$13,825
Savings from a 5kWthis system
  • Est. yearly production 7,554 kWh
  • Est. monthly savings $107
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 3.28 tons a year
  • Equivalent to planting 151 trees a year
  • Equivalent to driving 8,113 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,541 a year
Est. Price
$16,590
Savings from a 6kWthis system
  • Est. yearly production 9,065 kWh
  • Est. monthly savings $128
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.93 tons a year
  • Equivalent to planting 181 trees a year
  • Equivalent to driving 9,735 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,798 a year
Est. Price
$19,355
Savings from a 7kWthis system
  • Est. yearly production 10,576 kWh
  • Est. monthly savings $150
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.59 tons a year
  • Equivalent to planting 211 trees a year
  • Equivalent to driving 11,358 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $2,055 a year
Est. Price
$22,120
Savings from a 8kWthis system
  • Est. yearly production 12,087 kWh
  • Est. monthly savings $171
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 5.24 tons a year
  • Equivalent to planting 241 trees a year
  • Equivalent to driving 12,981 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,312 a year
Est. Price
$24,885
Savings from a 9kWthis system
  • Est. yearly production 13,598 kWh
  • Est. monthly savings $186
  • Full payback in 11 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

Greenville 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 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 your intention is to stay in your home beyond the solar payback period, installing solar panels is a wise option in Greenville. In Greenville, AL, a 5 kW solar system installation might save you $30,932.6 on average over 20 years, with a standard break even point of 6 years.

The cost of not having solar panels in Greenville, 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.

Yearly, customers in Greenville have experienced approximately 1.12 utility outages.Yearly, customers in Greenville have experienced approximately 1.12 utility outages. On average, an outage lasts 110.26 minutes. When major events such as thunderstorms, vandalism, or overloaded power grids occur, these durations can increase significantly

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 Butler County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Greenville, 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 AL cities

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Who are the best solar installers in Greenville?

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.

Greenville, AL Solar Panel Cost FAQs

  • In October, 2024, the average cost of solar panels per watt in Greenville, AL is $3.95/W. Installing a 5 kW solar panel system in Greenville, AL will cost approximately $13,825 after applying the federal tax credit.
  • 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 average 5 kW solar panel payback time in Greenville, AL is 6 years, with expected savings of $30,932.6 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01