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

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

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

Going solar is about $3.95 per watt in October, 2024 in Lanett, AL.

Or in other words, solar panel installations will cost you about $3,950 per 1 kW (or 1000 watts) of production capacity. In Lanett, after the 30% federal income tax credit, a 5 kW solar installation sets you back $13,825. Please consider, a 5kW system may not be sufficient to fulfill your energy requirements.

To the left, you have the option to select your county and find the average roof size along with the average maximum capacity for solar panels in homes in your area. Below, you can find a complete summary of the price, payback period, and 20-year typical 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.
Lanett: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Lanett: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Lanett: $14,335US Average: $15,784

Solar Potential in Lanett

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

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

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

Energy consumers in Lanett pay an average of $142.02 per month for electricity, consuming 1,053 kWh on average. Please note that this figure also encompasses data from smaller residential units, including apartments.

For October 2024, the mean electricity rate in Lanett, AL is 13.49¢ per kWh.

If you’re a typical electricity consumer in Lanett, you may need a solar panel system sized at 9 kW or larger to account for all your electricity needs. The initial cost for a 9 kW solar panel system will be $35,550, but with a 30% tax credit, your cost is reduced to $24,885.

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Average solar panel costs by system size in Lanett

On the left side, you'll see a detailed price breakdown of the multiple sizes of solar panel systems set up in Lanett. The investment for a larger solar panel setup is greater, but it also provides greater electricity savings and more substantial income tax credits.

The calculator down and to the right offers a detailed summary of solar panel costs and benefits, based on an average electric bill of $142.02 in Lanett. Change the $142.02 to your usual electricity bill payment for results that are personalized.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $982 a year
Est. Price
$13,825
Savings from a 5kWthis system
  • Est. yearly production 7,554 kWh
  • Est. monthly savings $82
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 3.28 tons a year
  • Equivalent to planting 151 trees a year
  • Equivalent to driving 8,126 mi less a year
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 10 years
Environmental Impacts
  • Reduces CO2 emissions by 3.94 tons a year
  • Equivalent to planting 181 trees a year
  • Equivalent to driving 9,752 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 11 years
Environmental Impacts
  • Reduces CO2 emissions by 4.6 tons a year
  • Equivalent to planting 211 trees a year
  • Equivalent to driving 11,377 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 13 years
Environmental Impacts
  • Reduces CO2 emissions by 5.25 tons a year
  • Equivalent to planting 241 trees a year
  • Equivalent to driving 13,002 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 $142
  • 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

Lanett Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and agricultural operations might have their solar or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. If you think you might be eligible, try our REAP Grant eligibility tool to check your qualification.

With the 30% federal income tax credit, nearly all homeowners are eligible for residential solar, making it a practical option in many regions in the United States. Moreover, several state and local efforts are in place to further boost the adoption of solar energy.

Multiple utilities and government bodies in Alabama have 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 living in your home longer than the solar system's payback period, adding solar panels is an smart decision in Lanett. By installing a 5 kW solar system in Lanett, AL, you can expect to save roughly $20,259.8 over 20 years, with the break even point generally being 8 years.

The cost of not having solar panels in Lanett, AL

The lack of solar panels or another energy backup means you'll forgo the earlier mentioned savings and be entirely reliant on your electric utility for power. The media has highlighted several cases where complete reliance on your utility isn't always the best scenario.

Lately, the average number of utility outages per customer in Lanett has been 1.12 annually. The average duration of each outage is 110.26 minutes. During severe events like lightning strikes, wildlife damage, or overloaded power grids, these times can grow significantly longer.

Even without a backup battery, a solar panel system could relieve the strain of possible future power disruptions you may face.

Power Outages

Currently, 0 customers are being tracked in Chambers County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt declines as the system size increases. Individuals often find that installing a solar system that can fully cover their electric bill is very advantageous. This method ensures increased savings.

Make & Model - Just like many products, solar panels are available in a variety of makes and models. The potential system preferences of your chosen installer make it essential to choose a highly rated installer. Choosing superior quality materials can result in a much better long-term experience for the buyer.

Solar Panel Type - For good reasons, monocrystalline panels have become the industry standard. Although they are costlier, they generate increased energy. Most installers utilize panels made of this material.

Your Property - Each property and home has its own unique features. Trees, uneven land, or other challenges may add to the difficulty of the installation. Currently, satellite images allow the majority of solar installers to evaluate your home and include these considerations into the preliminary cost estimate.

Labor Rates - Companies pay different wages to their employees, and these costs are eventually borne by the consumers. Higher reviews for services and customer service are generally associated with businesses that pay higher wages.

Permitting & Interconnection - The cost of installation will be affected by different local permitting and utility interconnection fees. That said, reputable local installers will be able to integrate these numbers into your preliminary quotes so there are no surprises.

See what solar panels cost in other AL cities

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Who are the best solar installers in Lanett?

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.

Lanett, AL Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in Lanett, AL is $3.95/W. The approximate cost of a 5 kW solar panel system in Lanett, AL, after deducting federal tax credits, is $13,825.

  • Right now, Alabama has 4 rebates and incentives available through a variety of utility companies and government entities. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.

  • Cash payments offer the highest savings, yet numerous financing options now available for solar panels are cost-effective as well. Installers frequently offer financing options and will include them in your initial quotes.

  • Yes, the average 5 kW solar panel payback time in Lanett, AL is 8 years, with expected savings of $20,259.8 on electricity over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01