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

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

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

The current cost per watt for solar in Rainsville, AL in October, 2024 is $3.95/W.

Put another way, solar panels will cost you $3,950 per 1 kW (or 1000 watts) of generation capacity. When you subtract the 30% federal tax credit, you can expect to spend about $13,825 for a 5 kW panel install in Rainsville. Note that a more powerful system may be necessary to meet your energy demands.

To your left, you have the option to choose your county and view the average roof size along with the average maximum capacity for solar panel installations on homes in your area. Below, you can see an analysis of the price, 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.
Rainsville: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Rainsville: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Rainsville: $17,887US Average: $15,784

Solar Potential in Rainsville

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

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

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

Rainsville residents generally consume 1,195 kWh of electricity each month, with bills around $156.82. Bear in mind that this statistic covers smaller residences including apartments, known for reduced energy use.

The rate of electricity in Rainsville, AL, on average, is 13.12¢ per kWh for October 2024.

If you’re an average electricity user in Rainsville, you may need a solar panel system sized at 10 kW or above to take care of your electricity needs. Presently, a 10 kW setup costs $27,650 after the 30% federal income tax credit.

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Average solar panel costs by system size in Rainsville

Displayed on the left, you will find a cost summary for multiple solar panel system sizes set up in Rainsville. Naturally, a larger solar system requires a greater initial expense, but it also translates to more significant electricity savings and more substantial income tax credits.

The solar panel cost calculator, positioned down and to the right, provides a cost-benefit analysis using an average $156.82 electric bill for Rainsville. For personalized results, update the $156.82 to whatever your usual electricity bill is.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,178 a year
Est. Price
$16,590
Savings from a 6kWthis system
  • Est. yearly production 9,065 kWh
  • Est. monthly savings $98
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.56 tons a year
  • Equivalent to planting 164 trees a year
  • Equivalent to driving 8,820 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,375 a year
Est. Price
$19,355
Savings from a 7kWthis system
  • Est. yearly production 10,576 kWh
  • Est. monthly savings $115
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.16 tons a year
  • Equivalent to planting 191 trees a year
  • Equivalent to driving 10,290 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,571 a year
Est. Price
$22,120
Savings from a 8kWthis system
  • Est. yearly production 12,087 kWh
  • Est. monthly savings $131
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 4.75 tons a year
  • Equivalent to planting 218 trees a year
  • Equivalent to driving 11,760 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,768 a year
Est. Price
$24,885
Savings from a 9kWthis system
  • Est. yearly production 13,598 kWh
  • Est. monthly savings $147
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 5.34 tons a year
  • Equivalent to planting 245 trees a year
  • Equivalent to driving 13,230 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,964 a year
Est. Price
$27,650
Savings from a 10kWthis system
  • Est. yearly production 15,109 kWh
  • Est. monthly savings $157
  • Full payback in 15 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

Rainsville 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 agricultural operations to install photovoltaic or wind energy systems. Think you might be eligible? Verify your qualification with our REAP Grant eligibility tool.

Thanks to the 30% federal income tax credit, residential solar installations are accessible for most people, turning solar power a sensible investment in various states. Furthermore, a variety of state and local programs are available to encourage solar adoption.

There are 4 solar rebate and incentive initiatives currently offered in Alabama by various utilities and government bodies.

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 your plan is to stay in your home past the time it takes to pay off your solar system, installing solar panels is a smart move in Rainsville. With a 5 kW solar system in Rainsville, AL, the average savings over a 20 period is $23,811.8, with break even usually occurring at 7 years.

The cost of not having solar panels in Rainsville, AL

Without solar panels or another backup power source, you miss out on the savings highlighted previously and rely entirely on your electric utility for electricity. Recent media examples have revealed that complete dependence on your utility company isn't always the best condition.

Residents in Alabama have seen an average of 1.69 utility outages per year in recent times. Outages typically last for an average of 168.86 minutes. Major occurrences like vandalism, grid management errors or hurricanes can lead to a significant rise in these time frames.

Owning a solar panel system, with or without a backup battery, could reduce the pressure of any future outages you may experience.

Power Outages

Currently, 0 customers are being tracked in DeKalb County.

Learn more

Customers Out:

0

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

Your Energy Needs - With larger solar panel systems, the cost per watt declines, despite the greater upfront expense. Homeowners often realize that setting up a solar system that can cover their entire electric bill is advantageous, resulting in optimal savings.

Make & Model - Solar panels come in a range of makes and models. Considering the brand preferences that your installer may have, it's essential to select a reputable installer. For consumers desiring a better long-term experience, investing in superior quality makes and models is critical.

Solar Panel Type - For many good reasons, monocrystalline panels are now the standard in the industry. Even though they are pricier, they generate additional energy. Many installers utilize panels made from this material.

Your Property - Each property and home is one of a kind. Uneven ground, trees, or additional hindrances can increase the difficulty of installing solar panels. By using satellite images, the majority of solar installers nowadays can evaluate your home and incorporate these factors into the initial cost estimate.

Labor Rates - Employees are paid varied wages from different companies, and these costs are handed down to the consumers. Paying higher wages typically results in companies receiving better reviews for their work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees change locally and will influence your installation cost. Quality installers will factor these costs into your first 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 Rainsville?

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.

Rainsville, AL Solar Panel Cost FAQs

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

  • Right now, Alabama has 4 rebates and incentives available through a variety of utility companies and government entities. In addition, the 30% federal income tax credit is available to almost everyone.

  • Opting for cash payments results in the highest savings, but there are now numerous financing options for solar panels that are financially sensible. Many installers have partnerships with financing companies and will provide this information in your initial quotes.

  • Yes, in Rainsville, AL, the average time for 5 kW solar panel systems to pay for themselves is 7 years, leading to electricity savings of $23,811.8 over a 20-year period.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01