Solar Panels Cost 19k-30k in Sheffield, AL | October, 2024

Solar Panels Cost $19k-$30k in Sheffield, AL | October, 2024

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

Solar panel installations in Sheffield, AL in the month of October, 2024 have an average cost of $3.95 per watt.

Each 1 kW (1000 watts) of solar power capacity will require an investment of $3,950 for installation. When you deduct the 30% federal tax credit, a 5 kW solar system in Sheffield will cost approximately $13,825. To ensure your energy needs are met, you could require a larger system.

By selecting your county on the left, you can see the average roof size and the average maximum capacity for residential solar panel systems in your area. See below a comprehensive breakdown of the {price|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.
Sheffield: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Sheffield: 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.
Sheffield: $18,938US Average: $15,784

Solar Potential in Sheffield

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

Roof size 965sq. ft.
Capacity 13.5kW DC
Electricity 16.6kkWh AC per yr.

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

The monthly kWh usage for a Sheffield energy consumer is 1,260, with a typical electric bill of $161.20. Compact residences, such as efficiency studios and apartments, are also part of the figures mentioned in the previous sentence.

Sheffield, AL's electricity rate is 12.79¢ per kWh in October 2024.

To account for the electricity consumption of a typical consumer in Sheffield, a solar power system of 11 kW or higher is a must. Before incentives, an 11 kW solar setup is around $43,450, with the federal tax credit providing 30% back, reducing the price to $30,415.

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Average solar panel costs by system size in Sheffield

On the left and below, there is the price breakdown for multiple sizes of the solar panel systems set up in Sheffield. With bigger solar systems, the price rises, but so do the electricity savings and the income tax credits you can receive.

In the solar panel cost calculator situated to the right and below, you can see a cost and benefit breakdown to match an average $161.20electric bill in Sheffield. Modify the $161.20 to your average electricity bill payment for more accurate results.

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 4.05 tons a year
  • Equivalent to planting 186 trees a year
  • Equivalent to driving 10,034 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 11 years
Environmental Impacts
  • Reduces CO2 emissions by 4.63 tons a year
  • Equivalent to planting 213 trees a year
  • Equivalent to driving 11,468 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 5.21 tons a year
  • Equivalent to planting 239 trees a year
  • Equivalent to driving 12,901 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 $161
  • Full payback in 14 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
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,161 a year
Est. Price
$30,415
Savings from a 11kWthis system
  • Est. yearly production 16,620 kWh
  • Est. monthly savings $161
  • Full payback in 16 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

Sheffield Solar Panel Installation Incentives & Rebates | 2024

Small businesses and agricultural enterprises in rural areas may see between 80% and 100% of their photovoltaic or wind turbine installation costs covered by the REAP Grant. Wondering about your eligibility? Use our REAP Grant eligibility tool to check.

When it comes to residential solar, the majority of people qualify for the 30% federal income tax credit, which makes solar a sensible option in most regions of the nation. In addition, many state and local programs work to further encourage the adoption of solar power.

In Alabama, different utilities and government bodies offer 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?

Homeowners in Sheffield who expect to live in their residence beyond the payback period of their solar system will find solar panels an obvious choice. Installing a 5 kW solar system in Sheffield, AL will, on average, save you $24,863 over 20 years, and you can expect to break even in about 7 years.

The cost of not having solar panels in Sheffield, AL

The lack of solar panels or an alternative energy backup means you'll forgo the earlier mentioned savings and be entirely reliant on your electric utility for power. Recent news has proven that total reliance on your utility company isn't always the best option.

Customers in Alabama face roughly 1.69 outages per year. On average, an outage lasts 168.86 minutes. Major events such as winter storms, aging infrastructure, or planned maintenance can significantly extend these time frames.

Even without a backup battery, a solar panel system can reduce the pressure of future outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Colbert County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems have a larger initial cost, yet the average cost per watt drops as the system size grows. Most individuals find it useful to set up a solar system that can generate enough electricity to replace the entirety of their electric bill. This math makes the most sense for increased savings.

Make & Model - Just like other products, solar panels come in a variety of makes and models. As your installer may prefer specific brands, it's important to choose a highly rated installer. For consumers wanting a more favorable long-term experience, choosing higher quality makes and models is critical.

Solar Panel Type - It's understandable that monocrystalline panels are now the industry standard. They are more expensive but provide more energy. Many professionals in solar installation utilize panels constructed from this material.

Your Property - Each property and home has its own characteristics. Factors like uneven ground, trees, or other considerations can make the installation more challenging. By using satellite images, most solar installers nowadays can assess your home and incorporate these elements into the initial cost estimate.

Labor Rates - The varied employee wages paid by companies result in costs that consumers eventually paying . Higher wages often correlate with better reviews for companies' services and customer service.

Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will influence your installation cost. Good 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 Sheffield?

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.

Sheffield, AL Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Sheffield, AL has reached $3.95/W. Installing a 5 kW solar panel system in Sheffield, AL will cost approximately $13,825 after applying the federal tax credit.

  • Utilities and government agencies in Alabama are currently offering 4 different rebates and incentives. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Paying in cash results in the highest savings, but there are numerous financing options available today for solar panels that are also cost-effective. Financing options are often provided by installers and may be included in your initial quotes.

  • Yes, in Sheffield, AL, 5 kW solar panel systems usually pay off in 7 years, providing an average electricity cost savings of $24,863 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01