Solar Panels Cost $0k-$0k in Morgan County, AL | November, 2024
High Power Bills?
Reduce or replace your electricity bill with solar
No data available
How much do solar panels cost in Morgan County, AL in 2024?
No data available
In Morgan County, AL in November, 2024, the typical price per watt for a solar panel installation is at $0/W
According to the price, solar panels will cost you, on average, $0 per 1K (or 1000 watts) of generation capacounty. In Morgan County, the price of a 5 kW solar panel system is typically $0, after you subtract 30% federal tax credit. To adequately cover your energy consumption, you could need a larger system.
Use the menu on the left to pick your county and see the typical roof size and the average maximum capacity for solar panel systems on residences in your area. Below, you can find a complete overview of the costs, 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.
Morgan County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Morgan 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.
Morgan County: $43,210US Average: $16,169
Solar Potential in Morgan County
Estimated system size and solar electricity production per median viable roof in Morgan County.
Roof size 661sq. ft.
Capacity 9.25kW DC
Electricity 11.2kkWh AC per yr.
Electricity Costs in Morgan County, AL & What that Means for Your Solar Panel Pricing
Energy consumers in Morgan County usually use 1,325 kWh per month, with an average monthly bill of 180.04. Compact residences, such as efficiency studios and apartments, are also included in the numbers noted in the earlier sentence.
In November 2024, the electricity rate in Morgan County, AL averages 13.59¢ per kWh.
Before incentives, an 11 kW solar setup is around $0, with the federal income tax credit giving you 30% back, reducing the price to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Morgan County
To the left, you'll see a detailed cost breakdown of the different sizes of solar panel systems installed in Morgan County. While a bigger solar installation comes with a greater cost, it also offers greater electricity savings and higher income tax credits.
The solar panel cost calculator, positioned to the right and below, offers a cost and benefit breakdown using an average $180.04 electric bill for Morgan County. Easily change the $180.04 to your typical electricity bill for more accurate 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 4.57 tons a year
Equivalent to planting 210 trees a year
Equivalent to driving 11,318 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 5.23 tons a year
Equivalent to planting 240 trees a year
Equivalent to driving 12,934 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 5.88 tons a year
Equivalent to planting 270 trees a year
Equivalent to driving 14,551 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 6.53 tons a year
Equivalent to planting 300 trees a year
Equivalent to driving 16,168 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 $180
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 6.67 tons a year
Equivalent to planting 306 trees a year
Equivalent to driving 16,510 mi less a year
Morgan County Solar Panel Installation Incentives & Rebates | 2024
If you're a rural small business or farm owner, you might be eligible for REAP Grant coverage of between 80% and 100% for your photovoltaic or wind turbine project. Curious about your eligibility? Use our REAP Grant eligibility tool to check.
Most homeowners can qualify for the 30% federal income tax credit for residential solar, making solar energy a practical option throughout most parts of the country. In addition to federal incentives, there are many state and local initiatives to encourage solar energy adoption.
Alabama offers 4 solar rebate and incentive programs through different utilities and government agencies.
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 Morgan County, AL?
For homeowners in Morgan County who plan to stay in their residence beyond the solar payback period, solar panels make an good investment. Having a 5 kW solar system in Morgan County, AL can potentially save you around $43,209.6 over a span of 20 years, with an average break even point of 0 years.
The cost of not having solar panels in Morgan County, AL
Besides missing out on the previously mentioned savings, not having solar panels or a separate backup energy source makes you fully reliant on your electric utility for electricity. Relying entirely on your utility isn't always ideal, as several recent news reports have highlighted.
Morgan County utilities have averaged 3.29 outages per customer per year in recent times. Each outage, on average, lasts for 563.82 minutes. In the case of major events like winter storms, aging infrastructure, or vandalism, this period can rise substantially.
See the component below to see the number of current electricity customers without power in Morgan County.
A solar energy system, whether or not it has a backup battery, could help reduce the effects of any future power interruptions you might face.
Power Outages
Currently, 0 customers are being tracked in Morgan County.
What impacts the cost of solar panels in Morgan County, AL?
Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt reduces as the system size increases. Consumers often find that installing a solar system that can offset their electric bill is extremely useful. This method leads to maximum savings.
Make & Model - There are a wide variety of makes and models of solar panels and mounting equipment. Your installer’s system preferences might necessitate picking a reputable company. Buyers frequently find that using better quality models provides a more positive long-term experience.
Solar Panel Type - For numerous good reasons, monocrystalline panels are now the standard in the industry. Although they are more expensive, they deliver increased energy. The majority of installers use panels made from this material.
Your Property - No two properties or homes are identical. Trees, uneven ground, or other obstructions can increase the difficulty of the installation. Solar installers currently commonly leverage satellite imagery to evaluate your home and incorporate these considerations into the initial cost estimate.
Labor Rates - Variations in employee wages across companies cause expenses that are transferred to the consumers. Higher wages often lead to companies getting better reviews for their services and customer service.
Permitting & Interconnection - Your final installation cost will be impacted by local permitting and utility interconnection fees, which vary by area. Reliable local installers will incorporate these figures into your initial estimates to prevent any surprises.
See what solar panels cost in other Morgan County cities
Expertise in consulting on advantageous financing for solar.
Consulting on all things solar related.
Morgan County, AL Solar Panel Cost FAQs
The cost per watt for solar panels in Morgan County, AL during November of 2024 averages $0/W. Installing a 5 kW solar panel system in Morgan County, AL will cost approximately $0 after applying the federal tax credit.
At present, there are 4 rebates and incentives available to Alabama residents from various utility and government programs. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
Paying cash yields the most savings, but there are now multiple financing options for solar panels that are also cost-effective. Information about financing options will often be detailed in your preliminary quotes by many installers.
Yes, the average 5 kW solar panel payback time in Morgan County, AL is 0 years, with expected savings of $43,209.6 on electricity over 20 years.