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

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

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How much do solar panels cost in Phenix City, AL in 2024?

To go solar in Phenix City, AL in the month of October, 2024 averages out to $3.95/W.

You should expect the price to be $3,950, on average, for every 1 kW (or 1000 watts) of solar energy your solar system can produce. In Phenix City, when you subtract the 30% federal income tax credit, a 5 kW solar installation sets you back $13,825. A 5kW system might not be sufficient to fully meet your energy demands.

Use the left-hand menu to select your area and find the typical roof size and the maximum capacity for solar panel systems on homes in your county. Below, you can see an outline 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.
Phenix City: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Phenix City: 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.
Phenix City: $24,247US Average: $15,784

Solar Potential in Phenix City

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

Roof size 787sq. ft.
Capacity 11kW DC
Electricity 13.8kkWh AC per yr.

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

Phenix City energy consumers typically use 1,141 kWh monthly, with an average monthly bill of $183.32. Flats and other smaller housing units with reduced energy requirements are included in this statistic.

The average electricity rate in Phenix City, AL in October 2024 is 16.06¢ per kWh.

In Phenix City, a system size of 10 kW or higher is a must for the typical energy user to cover their entire electricity consumption needs. Currently, a 10 kW setup is priced at around $27,650 after incentives.

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Average solar panel costs by system size in Phenix City

Presented on the left and below is the price breakdown for different sizes of the solar panel systems installed in Phenix City. Of course, with a bigger solar system, you'll see a higher upfront cost, but the advantages are more electricity savings and larger income tax credits.

In the calculator located below and to the right, you will find a breakdown of solar panel costs and benefits, calculated with an average $183.32 electric bill for Phenix City. Swap the $183.32 with your usual electricity bill to get more accurate 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 8 years
Environmental Impacts
  • Reduces CO2 emissions by 3.76 tons a year
  • Equivalent to planting 173 trees a year
  • Equivalent to driving 9,313 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 4.39 tons a year
  • Equivalent to planting 202 trees a year
  • Equivalent to driving 10,865 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 5.02 tons a year
  • Equivalent to planting 230 trees a year
  • Equivalent to driving 12,417 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 5.64 tons a year
  • Equivalent to planting 259 trees a year
  • Equivalent to driving 13,969 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 $183
  • Full payback in 13 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

Phenix City Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant offers substantial financial support, potentially covering 80% to 100% of the costs for rural businesses and farmlands to install solar or wind energy systems. Curious about your eligibility? Use our REAP Grant eligibility tool to find out.

For those looking into residential solar, the 30% federal income tax credit is accessible to most people, making solar a sensible option in numerous states. Besides the federal incentives, state and local programs also seek to boost solar energy uptake.

A total of 4 solar rebates and incentives are available in Alabama through different utility companies 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 in Phenix City looking to stay in their homes past the payback period of their solar system, solar panels make perfect sense. With a 5 kW solar system in Phenix City, AL, the average savings over a 20 period is $30,171.8, with break even usually occurring at 6 years.

The cost of not having solar panels in Phenix City, AL

Beyond forgoing the savings, the absence of solar panels or another backup energy source results in full dependence on your electric utility for your power needs. As shown by recent news stories, complete dependence on your utility company isn't always ideal.

On average, customers in Phenix City have faced 1.71 utility outages per year over the past few years. Typically, outages have an average duration of 242.25 minutes. However, during significant events such as thunderstorms, vandalism, or aging infrastructure, these times can drastically increase.

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

Power Outages

Currently, 0 customers are being tracked in Russell County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Phenix City, AL?

Your Energy Needs - The upfront cost for larger solar panel systems is higher, but the cost per watt decreases as the system size grows. Setting up a solar system that makes sufficient electricity to eliminate their electric bill is beneficial to most individuals, ensuring savings.

Make & Model - There are a variety of makes and models of solar panels. The potential system preferences of your installer mean that it is it's even more necessary to choose a reputable contractor. For a more favorable long-term experience, buyers should opt for superior quality equipment.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. They have a higher price, but they produce more energy. Most solar panel installers choose this type of material.

Your Property - Each property and home is one of a kind. Uneven ground, trees, or other hindrances can increase the difficulty of installing solar panels. These days, most solar installers are able to utilize satellite images to evaluate your home and include these factors for the initial cost estimate.

Labor Rates - The wages that companies pay their employees differ, and these costs are inevitably reflected in consumer prices. Higher reviews for work and customer service are generally associated with businesses that pay higher wages.

Permitting & Interconnection - Local permitting and utility interconnection fees, which vary by region, will impact your final installation cost. Reputable local installers will include these figures in your initial estimates to ensure transparency.

See what solar panels cost in other AL cities

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Who are the best solar installers in Phenix City?

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.

Phenix City, AL Solar Panel Cost FAQs

  • During October, 2024, the average price for solar panel installations in Phenix City, AL is $3.95/W. Post federal tax credit, a 5 kW solar panel system installation in Phenix City, AL will roughly cost $13,825.

  • Currently, Alabama residents can benefit from 4 rebates and incentives available through various utilities and government bodies. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Opting to pay in cash provides the highest savings, but there are now multiple financing options for solar panels that make financial sense. Initial quotes from installers will frequently detail information about available financing options.

  • Yes, the payback period for 5 kW solar energy systems in Phenix City, AL averages 6 years, with electricity savings of about $30,171.8 over 20 years.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01