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

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

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How much do solar panels cost in Redland CDP, AL in 2024?

For the month of October, 2024, the cost per watt for solar systems in Redland CDP, AL is $3.95/W.

Expect to pay $3,950, on average, for every 1000 watts (or 1 kW) of solar energy your system can generate. We are able to come to this conclusion by using this rate price cost per watt. In Redland CDP, the cost of a 5 kW solar system is typically $13,825, after the 30% federal tax credit. Please keep in mind that a more extensive system could be necessary to meet your energy requirements.

To the left, you can choose your county to view the average roof size and the maximum capacity of solar panels for houses in your area. Displayed below is an outline of the costs, 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.
Redland CDP: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Redland CDP: 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.
Redland CDP: $22,365US Average: $15,784

Solar Potential in Redland CDP

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

Roof size 822sq. ft.
Capacity 11.5kW DC
Electricity 14.6kkWh AC per yr.

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

Redland CDP residents generally consume 1,146 kWh of electricity each month, with bills around $175.48. These statistics also reflects the energy consumption patterns of smaller residences, such as apartments.

Redland CDP, AL's electricity rate is 15.31¢ per kWh in October 2024.

For the typical energy consumer in Redland CDP, a system size of 10 kW or more is needed to cover their full power consumption demands. Right now, a 10 kW solar panel installation will cost you approximately $39,500, but the federal tax credit reduces the price by 30%, making it $27,650.

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Average solar panel costs by system size in Redland CDP

On your left, you will see a detailed cost analysis for various solar panel system sizes set up in Redland CDP. When you opt for a bigger solar system, the cost is greater, but it also leads to more significant electricity savings and a larger income tax credit.

The calculator below and to the right offers a detailed summary of solar panel costs and benefits, based on an average electric bill of $175.48 in Redland CDP. Custom results can be achieved by changing the $175.48 to your usual bill amount.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,360 a year
Est. Price
$16,590
Savings from a 6kWthis system
  • Est. yearly production 9,065 kWh
  • Est. monthly savings $113
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 3.69 tons a year
  • Equivalent to planting 169 trees a year
  • Equivalent to driving 9,130 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,586 a year
Est. Price
$19,355
Savings from a 7kWthis system
  • Est. yearly production 10,576 kWh
  • Est. monthly savings $132
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 4.3 tons a year
  • Equivalent to planting 198 trees a year
  • Equivalent to driving 10,652 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,813 a year
Est. Price
$22,120
Savings from a 8kWthis system
  • Est. yearly production 12,087 kWh
  • Est. monthly savings $151
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 4.92 tons a year
  • Equivalent to planting 226 trees a year
  • Equivalent to driving 12,173 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,040 a year
Est. Price
$24,885
Savings from a 9kWthis system
  • Est. yearly production 13,598 kWh
  • Est. monthly savings $170
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 5.53 tons a year
  • Equivalent to planting 254 trees a year
  • Equivalent to driving 13,695 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,266 a year
Est. Price
$27,650
Savings from a 10kWthis system
  • Est. yearly production 15,109 kWh
  • Est. monthly savings $175
  • 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

Redland CDP Solar Panel Installation Incentives & Rebates | 2024

If you run a small business or farm in a rural area, you could receive REAP Grant support that covers 80% to 100% of your solar or wind turbine installation costs. Believe you fit this category? Check your qualification with our REAP Grant eligibility tool.

Adding residential solar panels comes with a 30% federal tax credit, available to most homeowners, making it a good option for numerous areas across the country. Alongside federal efforts, state and local programs help to encourage the use of solar power.

Alabama features 4 solar rebate and incentive initiatives available from different utilities 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?

If you're intending to stay in your home past the period required to pay back your solar investment, opting for solar panels is a wise decision in Redland CDP. A 5 kW system in Redland CDP, AL will enable you to save the average homeowner, on average, $28,290.2 over a 20 period and the average break even point is 7 years.

The cost of not having solar panels in Redland CDP, AL

In addition to 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. Recent news stories have demonstrated that complete dependence on your utility is not always ideal.

Lately, customers in Redland CDP have typically experienced 1.12 utility outages per year. The average duration of each outage is 145.19 minutes. During severe events like vandalism, overloaded power grids or landslides, these times can grow significantly longer.

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

Power Outages

Currently, 0 customers are being tracked in Elmore County.

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Customers Out:

0

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What impacts the cost of solar panels in Redland CDP, AL?

Your Energy Needs - The upfront cost for larger solar panel systems is larger, but the cost per watt decreases as the system size increases. Many people find it advantageous to set up a solar energy system that can fully cover their entire electric bill. This ensures optimal savings.

Make & Model - Similar to other items, solar panels come in a variety of makes and models. As your installer may prefer certain systems, it's essential to choose a reputable contractor. Higher quality makes and models often result in a more satisfactory long-term experience for buyers.

Solar Panel Type - For numerous good reasons, monocrystalline panels are now the standard in the industry. They are associated with a higher price, but they provide more energy. Most solar panel installers opt for this kind of material.

Your Property - Elements such as trees, sloping terrain, or other obstructions might complicate the installation process. Using satellite imagery, solar installers can now assess your home and include these considerations into the initial cost estimate.

Labor Rates - Different companies have varying pay scales for their employees, and these costs are ultimately passed on to consumers. Businesses that invest in higher wages often see higher reviews for their work and customer service.

Permitting & Interconnection - Local permitting and utility level interconnection fees change by area and will affect your final install price. Experienced local installers will incorporate 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 Redland CDP?

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.

Redland CDP, AL Solar Panel Cost FAQs

  • As of October, 2024, the average cost for solar panels in Redland CDP, AL is $3.95/W. In Redland CDP, AL, installing a 5 kW solar panel system will set you back approximately $13,825 after federal tax incentives.

  • Utilities and government agencies in Alabama are currently offering 4 different rebates and incentives. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.

  • Opting to pay in cash provides the highest savings, but there are now various financing options for solar panels that are financially beneficial. Many installers will detail information about financing options in their initial quotes.

  • Yes, in Redland CDP, AL, the average payback period for 5 kW solar panels is 7 years, resulting in average electricity savings of $28,290.2 over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01