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

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

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

To have solar panels installed is approximately $3.95 per watt in Oneonta, AL in October, 2024.

In accordance with the cost per watt, we are able to conclude that for every 1000 watts (1 kW) of solar power capacity will require an investment of $3,950 for installation. After receiving the 30% federal tax credit, you can expect to spend around $13,825, in Oneonta, for a 5 kW solar installation. A 5kW system might not be sufficient to meet your energy needs.

To the left, you have the option to select your county and view the average roof size along with the average maximum capacity for solar panel systems in homes in your area. Below is a breakdown 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.
Oneonta: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Oneonta: 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.
Oneonta: $24,969US Average: $15,784

Solar Potential in Oneonta

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

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

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

For Oneonta households, the average monthly kWh usage is 1,142, with an standard electric bill of $186.33. Small homes, including micro-apartments, are also encompassed in the data mentioned in the {previous|prior sentence.

The average electricity rate in Oneonta, AL in October 2024 is 16.32¢ per kWh.

To fully meet the energy requirements of a typical consumer in Oneonta, a solar panel system of 10 kW or more is a must. The installation of a a 10 kW solar system will set you back approximately $39,500 initially, but with the federal income tax credit, you can get 30% back, reducing the cost to $27,650.

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Average solar panel costs by system size in Oneonta

Shown on the left side, you'll see a thorough pricing structure of the various sizes of solar panel systems set up in Oneonta. The initial cost for larger solar systems is greater, but they also yield greater electricity savings and higher income tax credits.

The calculator below and to the right gives a detailed summary of solar panel costs and benefits, based on an average electric bill of $186.33 in Oneonta. To get customized results, easily adjust the $186.33to match your usual electricity bill amount.

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

Oneonta Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant currently offers between 80% and 100% support for the installation costs of solar energy or wind turbines for rural small businesses and farmlands. If you feel you might be in this category, we suggest confirming your qualification with our REAP Grant eligibility tool.

For those considering residential solar, the 30% federal income tax credit is offered to nearly everyone, which makes solar power a smart investment in various parts of the country. State and local efforts are also in place to enhance the growth of solar energy use.

In Alabama, different utilities and government organizations offer 4 solar rebate and incentive initiatives.

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 in Oneonta planning to stay in their homes past the payback period of their solar system, solar panels make perfect sense. Having a 5 kW solar system in Oneonta, AL can potentially save you roughly $30,894.2 over a span of 20 years, with an average break even point of 6 years.

The cost of not having solar panels in Oneonta, AL

In addition to missing out on the savings discussed previously, not installing solar panels or another form of backup power results in you being completely dependent on your electric utility. Full reliance on your utility provider isn't always the best idea, as recent examples in the news have shown.

Generally, customers in Oneonta experience around 1.12 outages. The typical duration of each outage is 110.26 minutes. When significant events such as high winds, aging infrastructure, or wildlife damage occur, these time frames can become much longer.

Even without a backup battery, a solar panel system can mitigate the stress of future outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Blount County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even though larger solar panel systems are more costly, the average cost per watt diminishes as the system size grows. For most homeowners, setting up a system that can make enough power to fully offset their entire electric bill is advantageous, providing significant savings.

Make & Model - Solar panels, just like many other products, are available in a variety of makes and models. Choosing an contractor with specific brand preferences means it's even more important essential to go with a recommended company. Consumers who prioritize better materials usually enjoy a more favorable long-term experience.

Solar Panel Type - For several reasons, monocrystalline panels have become the standard in the industry. Although they are more expensive, they provide increased energy. Most installers work with panels made from this material.

Your Property - Trees, uneven landscapes, or other hindrances can make the installation process more challenging. Nowadays, many solar installers can assess your home with satellite images and include these factors in the initial cost estimate.

Labor Rates - The wages employees get from their employers are different, and these costs are transferred to the consumers. Often, companies paying more in wages also enjoy higher ratings for their services and customer service.

Permitting & Interconnection - Your final installation price will be impacted by the permitting and utility interconnection fees, which change by area. Experienced local installers will include these numbers into your first quotes to prevent any surprises.

See what solar panels cost in other AL cities

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Who are the best solar installers in Oneonta?

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.

Oneonta, AL Solar Panel Cost FAQs

  • In October, 2024, the average cost of solar panels per watt in Oneonta, AL is $3.95/W. The cost of installing a 5 kW solar panel system in Oneonta, AL is about $13,825 post federal tax credit.

  • If you live in Alabama, you can find 4 rebates and incentives through different utilities and government agencies. In addition, the 30% federal income tax credit is available to almost everyone.

  • Cash payments yield the highest savings, yet several financing options now available for solar panels are advantageous as well. Installers frequently provide financing options and will include them in your initial quotes.

  • Yes, in Oneonta, AL, the average time for 5 kW solar panel systems to pay for themselves is 6 years, leading to electricity savings of $30,894.2 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01