Solar Panels Cost $0k-$0k in Lawrence County, AL | November, 2024
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How much do solar panels cost in Lawrence County, AL in 2024?
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In the month of November, 2024 in Lawrence County, AL you will pay about $0 per watt to get solar panels.
According to this price, solar panel installations will cost you approximately $0 per 1000 watts (1 kW) of production capacounty. In Lawrence County, the price of a 5 kW panel install is typically $0, after a 30% federal tax credit. However, it’s important to realize that a more extensive system could be essential to ensure your energy needs are met.
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.
Lawrence County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Lawrence County: 0 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Lawrence County: $45,461US Average: $16,169
Solar Potential in Lawrence County
Estimated system size and solar electricity production per median viable roof in Lawrence County.
Roof size 572sq. ft.
Capacity 8kW DC
Electricity 9.7kkWh AC per yr.
Electricity Costs in Lawrence County, AL & What that Means for Your Solar Panel Pricing
Lawrence County's typical monthly kWh usage is 1,337, with the average electric bill around 189.42. Bear in mind that this statistic takes into account smaller residences including apartments, known for lower energy consumption.
As of November 2024, the average rate for electricity per kWh in Lawrence County, AL is 14.17¢.
At first, an 11 kW solar panel installation is priced at $0, but after a 30% tax credit, the final price is $0.
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Average solar panel costs by system size in Lawrence County
To the left, we have displayed a thorough cost analysis for different solar panel system sizes installed in Lawrence County. A larger solar array will expectedly cost more, but it will also offer greater electricity savings and more substantial income tax credits.
The cost-benefit analysis for solar panels, shown in the calculator to the right and below, is based on an average electric bill of $189.42 in Lawrence County. Simply change the $189.42 to your typical electricity bill for more precise results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,481 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,576 kWh
Est. monthly savings $123
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 3.72 tons a year
Equivalent to planting 171 trees a year
Equivalent to driving 9,205 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,692 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 12,087 kWh
Est. monthly savings $141
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 4.25 tons a year
Equivalent to planting 195 trees a year
Equivalent to driving 10,519 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,904 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,598 kWh
Est. monthly savings $159
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 4.78 tons a year
Equivalent to planting 220 trees a year
Equivalent to driving 11,834 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,115 a year
Est. Price
$0
Savings from a 10kWthis system
Est. yearly production 15,109 kWh
Est. monthly savings $176
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 5.31 tons a year
Equivalent to planting 244 trees a year
Equivalent to driving 13,149 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,327 a year
Est. Price
$0
Savings from a 11kWthis system
Est. yearly production 16,620 kWh
Est. monthly savings $189
Full payback in 0 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
Lawrence County 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.
Solar incentives in ALIncentive Description Value
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 Lawrence County, AL?
If you expect to own your residence longer than the solar system's payback period, solar panels are a smart investment in Lawrence County. Over a 20 year period, a 5 kW solar system in Lawrence County, AL could save you an estimated $45,460.8, with the average break even time being 0 years.
The cost of not having solar panels in Lawrence County, 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.
Customers in Lawrence County experience roughly 2.19 outages per year. Each outage lasts an average of 337.34 minutes. In the case of major events such as winter storms, aging infrastructure, or vandalism, this period can increase substantially.
See the graphic below to see the number of current electricity customers without power in Lawrence County.
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 Lawrence County.
What impacts the cost of solar panels in Lawrence County, 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 Lawrence County cities
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Who are the best solar installers in Lawrence County?
Expertise in consulting on advantageous financing for solar.
Consulting on all things solar related.
Lawrence County, AL Solar Panel Cost FAQs
In November, 2024, the typical price per watt for solar panels in Lawrence County, AL is $0/W. The installation of a 5 kW solar panel system in Lawrence County, AL will cost about $0 after federal tax credits.
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 average 5 kW solar panel payback time in Lawrence County, AL is 0 years, with expected savings of $45,460.8 on electricity over 20 years.
Savings from 
Environmental Impacts 
