Solar Panels Cost $0k-$0k in Randolph County, AL | November, 2024
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How much do solar panels cost in Randolph County, AL in 2024?
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In Randolph County, AL, the cost per watt of solar is around $0 per watt in November, 2024.
Each 1 kW (1000 watts) of solar generation capacounty will require an investment of $0 for installation. You are able to come to this conclusion as a result of this rate price cost. With a 30% federal tax credit, the average expense for a 5 kW panel install in Randolph County is approximately $0. Please consider, a 5kW system might not be sufficient to satisfy your energy needs.
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.
Randolph County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Randolph 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.
Randolph County: $43,130US Average: $16,169
Solar Potential in Randolph County
Estimated system size and solar electricity production per median viable roof in Randolph County.
Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 16.2kkWh AC per yr.
Electricity Costs in Randolph County, AL & What that Means for Your Solar Panel Pricing
The typical monthly electric bill for a Randolph County energy consumer is 179.71, based on an average usage of 1,142 kWh. Keep in mind that apartments and smaller dwellings, which usually have lower energy needs, are covered in this number.
The mean rate for electricity in Randolph County, AL during November, 2024 is 15.74¢ per kWh.
At this time, a 10 kW solar system is priced at $0, but the 30% federal tax credit lowers it to $0
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Randolph County
Presented on the left and below is the cost analysis for different sizes of solar panel systems installed in Randolph County. Larger solar installations have a greater cost, yet they also provide increased electricity savings and higher income tax credits.
The solar panel calculator, situated down and to the right, provides a detailed cost and benefit analysis based on a typical $179.71 electric bill for Randolph County. If you want personalized results, change the $179.71 to your typical electricity bill amount.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,450 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 9,065 kWh
Est. monthly savings $121
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 2.53 tons a year
Equivalent to planting 116 trees a year
Equivalent to driving 6,255 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,692 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,576 kWh
Est. monthly savings $141
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 2.95 tons a year
Equivalent to planting 135 trees a year
Equivalent to driving 7,298 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,934 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 12,087 kWh
Est. monthly savings $161
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 3.37 tons a year
Equivalent to planting 155 trees a year
Equivalent to driving 8,340 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,176 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,598 kWh
Est. monthly savings $180
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 3.76 tons a year
Equivalent to planting 173 trees a year
Equivalent to driving 9,315 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,417 a year
Est. Price
$0
Savings from a 10kWthis system
Est. yearly production 15,109 kWh
Est. monthly savings $180
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 3.76 tons a year
Equivalent to planting 173 trees a year
Equivalent to driving 9,315 mi less a year
Randolph County 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.
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 Randolph County, AL?
If you're expecting to reside in your home past the solar system's payback period, solar panels are a smart decision in Randolph County. Installing a 5 kW solar system in Randolph County, AL will, on average, save you $43,130.4 over 20 years, and you can expect to break even in about 0 years.
The cost of not having solar panels in Randolph County, 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.
Lately, the average number of utility outages per customer annually in Randolph County has been about 1.1. Each outage, on average, lasts for 110.86 minutes. In the case of major events like planned maintenance, grid management errors or winter storms, this period can rise substantially.
Take a look at the component below to see the number of current electricity customers without power in Randolph County.
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 Randolph County.
What impacts the cost of solar panels in Randolph County, 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.
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Randolph County, AL Solar Panel Cost FAQs
The typical cost per watt for solar panels in Randolph County, AL as of November, 2024 is $0/W. Post federal tax credit, a 5 kW solar panel system installation in Randolph County, AL will roughly cost $0.
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 Randolph County, AL, 5 kW solar panel systems typically pay off in 0 years, and users save around $43,130.4 in electricity costs over 20 years.
Savings from 
Environmental Impacts 
