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

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

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

On average, in Meadowbrook CDP, AL in the month of October, 2024, the price per watt of solar systems is $3.95/W.

For every 1000 watts (1 kW) your solar system can generate, you will have to spend, on average, $3,950 to have it installed. In Meadowbrook CDP, a 5 kW panel install will cost you, on average, $13,825 after the 30% federal income tax credit. However, a 5kW system might not be sufficient to meet your energy requirements.

To the left, you have the option to select your county and find out the average roof size along with the average maximum capacity for residential solar in homes in your area. Displayed below is a summary 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.
Meadowbrook CDP: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Meadowbrook 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.
Meadowbrook CDP: $24,969US Average: $15,784

Solar Potential in Meadowbrook CDP

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

Roof size 769sq. ft.
Capacity 10.75kW DC
Electricity 13.2kkWh AC per yr.

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

The typical electric bill for a Meadowbrook CDP energy consumer is $186.33, with monthly usage typically at 1,142 kWh. Bear in mind, this figure encompasses smaller residential units such as apartments, which usually have lower energy needs.

In October 2024, the average electricity rate in Meadowbrook CDP, AL amounts to 16.32¢ per kWh.

In Meadowbrook CDP, the average electricity user must have a solar power setup of 10 kW or higher to satisfy their full energy needs. Presently, a 10 kW solar system will be priced at around $39,500upfront, but thanks to the 30% federal tax credit, you receive 30% back, bringing the cost down to $27,650.

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Average solar panel costs by system size in Meadowbrook CDP

Shown on the left side, you will find a comprehensive price breakdown of the different sizes of solar panel systems installed in Meadowbrook CDP. With bigger solar systems, the price rises, but so do the electricity savings and the income tax credits you can gain.

The cost-benefit analysis for solar panels, shown in the calculator down and to the right, is based on an average electric bill of $186.33 in Meadowbrook CDP. Swap the $186.33 with your typical electricity bill to get more detailed 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

Meadowbrook CDP Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and agricultural operations might have their photovoltaic or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Believe you fit the criteria? Confirm your eligibility with our REAP Grant eligibility tool.

Homeowners can take advantage of a 30% federal income tax credit for setting up residential solar panels, which makes solar power a feasible option in much of the country. Together with federal efforts, state and local programs help to support the use of solar power.

Alabama features 4 solar rebate and incentive initiatives provided by 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 plan to own your residence longer than the solar system's payback period, solar panels are a good investment in Meadowbrook CDP. Over a 20 year time frame, a 5 kW solar system in Meadowbrook CDP, AL could save you approximately $30,894.2, with the average break even time being 6 years.

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

The absence of solar panels or an alternative energy backup means that you forgo the savings mentioned earlier and are wholly reliant on your electric utility for electricity. As shown by numerous recent news reports, complete dependence on your utility is not always ideal.

The average number of outages per customer per year in Meadowbrook CDP is 1.12. The average length of an outage is 110.26 minutes. However, during significant events such as vandalism, overloaded power grids or hurricanes, this duration can grow considerably.

A solar energy system could reduce the effects of future outages, whether or not it has a backup battery.

Power Outages

Currently, 0 customers are being tracked in Shelby County.

Learn more

Customers Out:

0

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

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is decreased as the system size grows. Installing a solar panel system that can cover the electric bill is useful to individuals because of the reduced long-term costs.

Make & Model - Just like other products, solar panels come in a wide variety of makes and models. The system preferences of your chosen installer can make it essential to choose a reputable company. Opting for better quality equipment can provide a much better long-term experience for the buyer.

Solar Panel Type - For valid reasons, monocrystalline panels have become the standard in the industry. They are costlier but provide more energy. Many professionals in solar installation work with panels made from this material.

Your Property - Every home and property differs in its own way. Challenges such as sloping terrain, trees, or other considerations can increase the difficulty of installing solar panels. Solar installers now have the ability to leverage satellite images to evaluate your home and include these considerations in the initial cost estimate.

Labor Rates - The pay employees receive from their employers differ, and these expenses are borne by the consumers. Paying higher wages frequently results in companies receiving better reviews for their work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees differ locally and will influence your installation cost. Quality local installers will integrate these numbers into your initial quotes to avoid any surprises.

See what solar panels cost in other AL cities

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Who are the best solar installers in Meadowbrook 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.

Meadowbrook CDP, AL Solar Panel Cost FAQs

  • In October, 2024, the typical price per watt for solar panels in Meadowbrook CDP, AL is $3.95/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in Meadowbrook CDP, AL is roughly $13,825.

  • Utilities and government agencies in Alabama are currently offering 4 different rebates and incentives. Furthermore, the majority of people qualify for the 30% federal tax credit.

  • Paying cash offers the highest savings, but there are now numerous financing options for solar panels that are also financially beneficial. Installers frequently provide financing options and will specify them in your initial quotes.

  • Yes, the average 5 kW solar panel payback period in Meadowbrook CDP, AL stands at 6 years, yielding average electricity savings of $30,894.2 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01