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

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

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

You will pay $3.95/W to get solar panels in October, 2024 in Prattville, AL.

Stemming from this price, you can conclude that for every 1000 watts (1 kW) your panels can generate you will need to invest $3,950 to get your solar panels installed. After receiving the 30% federal tax credit, you can expect to pay about $13,825, in Prattville, for a 5 kW solar installation. However, it’s vital to take into account that a larger system might be needed to adequately cover your energy consumption.

To your left, you have the option to select your county and find the average roof size along with the average maximum capacity for solar panel installations on homes in your area. Displayed below is an analysis of the price, 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.
Prattville: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Prattville: 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.
Prattville: $23,973US Average: $15,784

Solar Potential in Prattville

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

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

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

In Prattville, the average electric bill is $182.18 per month, and residents use 1,143 kWh. Apartments and compact living spaces with reduced energy consumption are taken into account in this figure.

Prattville, AL's electricity rate is on average 15.93¢ per kWh in October 2024.

If you use a typical amount of electricity in Prattville, you'll need a solar panel system of 10 kW or higher to fully cover your full electricity usage demands. Currently, a 10 kW solar installation is priced at around $27,650 after incentives.

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Average solar panel costs by system size in Prattville

Presented below and to the left, you can find a thorough price breakdown for different solar panel system sizes set up in Prattville. The more extensive the solar array, the higher the initial expense, but also the more substantial electricity savings and income tax credits you'll get.

The solar panel cost calculator below and to the right details costs and benefits, considering an average $182.18 electric bill in Prattville Change the $182.18 to your usual electricity bill payment for 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 3.78 tons a year
  • Equivalent to planting 174 trees a year
  • Equivalent to driving 9,364 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 4.41 tons a year
  • Equivalent to planting 203 trees a year
  • Equivalent to driving 10,925 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 5.04 tons a year
  • Equivalent to planting 232 trees a year
  • Equivalent to driving 12,486 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 5.67 tons a year
  • Equivalent to planting 261 trees a year
  • Equivalent to driving 14,046 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 $182
  • 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

Prattville Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant is designed to assist rural farmlands and small businesses by covering 80% to 100% of the costs associated with solar or wind turbine installations. Think you might be eligible? Confirm your qualification with our REAP Grant eligibility tool.

For those looking into residential solar, the 30% federal income tax credit is offered to nearly everyone, which makes solar a practical option in many states. Moreover, there are many state and local incentives to further push for the adoption of solar energy.

A variety of utilities and governmental organizations in Alabama provide 4 solar rebate and incentive programs.

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 foresee living in your home longer than the solar system's payback period, adding solar panels is an obvious decision in Prattville. In Prattville, AL, the installation of a 5 kW solar system can save you an average of $29,898.2 over 20 years, with an average break even point of 6 years.

The cost of not having solar panels in Prattville, AL

The lack of solar panels or another energy backup means you'll forgo the earlier mentioned savings and be completely reliant on your electric utility for power. As shown by recent news stories, complete dependence on your utility company isn't always ideal.

Each year, customers in Prattville have encountered approximately 1.12 utility outages.Annually, customers in Prattville have experienced approximately 1.12 utility outages. On average, an outage lasts 145.19 minutes. When major events such as construction accidents, equipment failure or winter storms occur, these durations can increase significantly

A solar panel system could reduce the inconvenience of future outages, even if it is without a backup battery.

Power Outages

Currently, 0 customers are being tracked in Autauga County.

Learn more

Customers Out:

0

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

Your Energy Needs - The cost per watt declines with larger solar panel systems, even if the upfront cost is higher. Many consumers realize it's a smart idea to install a solar system that can produce enough power to offset their electric bill, because it helps them reduce costs.

Make & Model - Just like other products, solar panels and mounting equipment come in a wide variety of makes and models. Choosing an installer with certain system preferences means it's even more necessary essential to go with a reputable company. The use of high-quality makes and models can significantly improve the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have emerged as the industry standard, and rightly so. They are more expensive but generate more energy. Most professionals in solar installation work with panels constructed from this material.

Your Property - Challenges like trees, uneven ground, or other considerations can increase the difficulty of installing solar panels. Today, most solar installers can assess your home with satellite images and include these elements in the preliminary cost estimate.

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

Permitting & Interconnection - Your final installation price will be influenced by the permitting and utility interconnection fees, which differ by area. Quality local installers will include these figures in your preliminary estimates to guarantee transparency.

See what solar panels cost in other AL cities

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Who are the best solar installers in Prattville?

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.

Prattville, AL Solar Panel Cost FAQs

  • As of October, 2024, the typical cost for solar panels in Prattville, AL is $3.95/W. A 5 kW solar panel system will cost you around $13,825 in Prattville, AL after the federal tax credit is applied.

  • At present, there are 4 rebates and incentives available to Alabama residents from various utility and government programs. On top of that, most individuals are eligible for the 30% federal income tax credit.

  • Paying cash offers the highest savings, but there are now numerous financing options for solar panels that are also cost-effective. Installers typically partner with financing companies and will include this information into your initial quotes.

  • Yes, in Prattville, AL, the average time for 5 kW solar panel systems to pay for themselves is 6 years, leading to electricity savings of $29,898.2 over a 20-year period.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01