Solar Panels Cost 17k-28k in Moores Mill CDP, AL | October, 2024

Solar Panels Cost $17k-$28k in Moores Mill CDP, AL | October, 2024

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

In Moores Mill CDP, AL in the month of October, 2024 you will spend about $4.11 per watt to go solar.

It will cost you $4,110, on average, for every 1K (or 1000 watts) of capacity that your solar panels have. After receiving the 30% federal tax credit, you can expect to pay around $14,385 for a 5 kW solar setup in Moores Mill CDP. Please keep in mind that a bigger system might be needed to adequately cover your energy consumption.

To the left, you can choose your county to see the average roof size and average maximum capacity for solar panels on homes in your area. Below is an analysis of the costs, 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.
Moores Mill CDP: $14,385US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Moores Mill CDP: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Moores Mill CDP: $11,766US Average: $15,784

Solar Potential in Moores Mill CDP

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

Roof size 1,073sq. ft.
Capacity 15kW DC
Electricity 18.1kkWh AC per yr.

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

On average, Moores Mill CDP residents pay $134.65 for their electric bill each month and use 1,187 kWh. These statistics also include apartments and other smaller residences with reduced energy demand.

The average rate for electricity in Moores Mill CDP, AL in October, 2024 is 11.34¢ per kWh.

Average citizens in Moores Mill CDP will want a solar panel system with a generation capacity of 10 kW or larger to satisfy their full electricity consumption requirements. Installing a a 10 kW solar panel installation will be priced at about $41,100 initially, but with the 30% federal tax credit, you can receive a 30% reimbursement, reducing the cost to $28,770.

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Average solar panel costs by system size in Moores Mill CDP

Located below and to the left, there is the price breakdown for different sizes of the solar panel systems set up in Moores Mill CDP. The bigger the solar array, the higher the initial expense, but also the greater electricity savings and income tax credits you'll get.

The solar panel cost and benefit breakdown, shown in the calculator below and to the right, is based on an average electric bill of $134.65 in Moores Mill CDP. Change the $134.65 to match your average electricity bill payment for custom results.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $997 a year
Est. Price
$17,262
Savings from a 6kWthis system
  • Est. yearly production 9,065 kWh
  • Est. monthly savings $83
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 3.51 tons a year
  • Equivalent to planting 161 trees a year
  • Equivalent to driving 8,679 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,163 a year
Est. Price
$20,139
Savings from a 7kWthis system
  • Est. yearly production 10,576 kWh
  • Est. monthly savings $97
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 4.09 tons a year
  • Equivalent to planting 188 trees a year
  • Equivalent to driving 10,126 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,330 a year
Est. Price
$23,016
Savings from a 8kWthis system
  • Est. yearly production 12,087 kWh
  • Est. monthly savings $111
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 4.68 tons a year
  • Equivalent to planting 215 trees a year
  • Equivalent to driving 11,572 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,496 a year
Est. Price
$25,893
Savings from a 9kWthis system
  • Est. yearly production 13,598 kWh
  • Est. monthly savings $125
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 5.26 tons a year
  • Equivalent to planting 242 trees a year
  • Equivalent to driving 13,019 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,662 a year
Est. Price
$28,770
Savings from a 10kWthis system
  • Est. yearly production 15,109 kWh
  • Est. monthly savings $135
  • Full payback in 18 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

Moores Mill CDP Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for solar or wind turbines for rural small businesses and agricultural businesses. If you feel you might be eligible, we suggest utilizing our REAP Grant eligibility tool to verify your qualification.

The federal government offers a 30% tax credit for residential solar systems, making solar practical and practical for a diverse set of homeowners. A variety of state and local incentives are offered to promote the use of solar energy.

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?

For those expecting to remain in their homes after the solar system's payback period, installing solar panels is a obvious choice in Moores Mill CDP. By installing a 5 kW solar system in Moores Mill CDP, AL, you can expect to save roughly $17,931 over 20 years, with the break even point usually being 9 years.

The cost of not having solar panels in Moores Mill CDP, AL

Without solar panels or another backup power source, you miss out on the savings discussed previously and rely entirely on your electric utility for electricity. As we've seen in many recent news reports, full reliance on your utility isn't always ideal.

Recently, the average number of utility outages per customer in Alabama has been 1.69 annually. Outages generally last for an average of 168.86 minutes. During major occurrences like landslides, aging infrastructure, or construction accidents, these times can extend significantly.

Whether or not a backup battery is included, a solar panel system could help ease the impact of future power outages you might face.

Power Outages

Currently, 0 customers are being tracked in Madison County.

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Customers Out:

0

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

Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt decreases as the size of the system increases. Many people find it useful to install a solar energy system that can replace their entire electric bill. This results in optimal savings.

Make & Model - There are a variety of makes and models of solar panels and mounting equipment. Taking into account the certain brand preferences an installer might have, picking a reputable contractor is important. Choosing superior quality equipment usually provides a more favorable long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and deservedly so. They have a higher price, but they provide more energy. Most solar panel installers choose this type of material.

Your Property - Trees, sloped land, or additional considerations can increase the complexity of the installation. Nowadays, the majority of solar installers can assess your home with satellite images and incorporate these elements in the preliminary cost estimate.

Labor Rates - Companies compensate their employees in varying amounts, and these costs are passed down to consumers. Higher wages frequently lead to companies getting better reviews for their services and customer service.

Permitting & Interconnection - The local permitting and utility interconnection fees, which vary by region, will affect your final installation price. Quality installers will factor these costs into your preliminary quotes to prevent unexpected expenses.

See what solar panels cost in other AL cities

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Who are the best solar installers in Moores Mill 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.

Moores Mill CDP, AL Solar Panel Cost FAQs

  • The average solar panel cost in Moores Mill CDP, AL as of October, 2024 is estimated at $4.11/W. Post federal tax credit, a 5 kW solar panel system installation in Moores Mill CDP, AL will roughly cost $14,385.

  • Currently, Alabama residents can benefit from 4 rebates and incentives available through various utilities and government bodies. On top of that, nearly everyone can qualify for the 30% federal tax credit.

  • Paying cash provides the most savings, yet there are many financing options available today for solar panels that are also beneficial. Financing options are frequently available through installers and will be included in your initial quotes.

  • Yes, the average 5 kW solar panel payback time in Moores Mill CDP, AL is 9 years, with expected savings of $17,931 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01