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

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

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How much do solar panels cost in Spanish Fort, AL in 2024?

As of October, 2024, the current price to go solar in Spanish Fort, AL is $3.95 per watt.

This means that, solar panels will cost you approximately, on average, $3,950 per 1000 watts (1 kW) of generation capacity. In Spanish Fort, you can expect to spend about $13,825 for a 5 kW solar panel install after factoring in the 30% federal income tax credit. However, a 5kW system may not be big enough to fully meet your energy demands.

Use the left-hand menu to select your area and view the typical roof size and the maximum capacity for residential solar on homes in your county. You can review the costs, payback period, and 20-year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Spanish Fort: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Spanish Fort: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Spanish Fort: $16,056US Average: $15,784

Solar Potential in Spanish Fort

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

Roof size 1,037sq. ft.
Capacity 14.5kW DC
Electricity 18.9kkWh AC per yr.

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

The monthly kWh usage for a Spanish Fort energy consumer is 1,136, with a typical electric bill of $149.19. Smaller houses, including condos and duplexes, are also covered in the statistics cited in the preceding sentence.

The average electricity rate in Spanish Fort, AL in October 2024 is 13.13¢ per kWh.

Typical electricity users in Spanish Fort may need a solar system of 10 kW or larger to meet their entire electricity consumption demands. Initially, a 10 kWsolar installation costs about $39,500, with the 30% tax credit, this drops to $27,650.

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Average solar panel costs by system size in Spanish Fort

Displayed below and to the left, you will see a thorough pricing structure for different solar panel system sizes installed in Spanish Fort. The investment for a larger solar panel setup is higher, but it also provides higher electricity savings and increased income tax credits.

Using the solar panel cost calculator located to the right and below, you can view a detailed cost and benefit analysis based on an average electric bill of $149.19 in Spanish Fort. For results that are more personalized, modify the $149.19 to align with your regular electricity bill.

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 3.75 tons a year
  • Equivalent to planting 172 trees a year
  • Equivalent to driving 9,293 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 11 years
Environmental Impacts
  • Reduces CO2 emissions by 4.38 tons a year
  • Equivalent to planting 201 trees a year
  • Equivalent to driving 10,842 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 5.01 tons a year
  • Equivalent to planting 230 trees a year
  • Equivalent to driving 12,391 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 14 years
Environmental Impacts
  • Reduces CO2 emissions by 5.63 tons a year
  • Equivalent to planting 259 trees a year
  • Equivalent to driving 13,940 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 $149
  • 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

Spanish Fort Solar Panel Installation Incentives & Rebates | 2024

Rural small business and farm owners might benefit from the REAP Grant, which could cover 80% to 100% of their solar energy or wind energy installation expenses. To see if you qualify, use our REAP Grant eligibility tool.

Homeowners can qualify for a 30% federal income tax credit for installing residential solar panels, making solar power a sensible option throughout much of the country. Alongside federal efforts, state and local programs help to support the use of solar power.

A total of 4 solar rebates and incentives are available in Alabama through various utility companies and government agencies.

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 plan living in your home longer than the solar system's payback period, installing solar panels is an smart decision in Spanish Fort. With a 5 kW solar system in Spanish Fort, AL, the average savings over a 20 period is $21,980.6, with break even usually occurring at 8 years.

The cost of not having solar panels in Spanish Fort, AL

Besides missing out on the aforementioned savings, not installing solar panels or any backup energy system leaves you totally reliant on your electric utility for power. Recent news has demonstrated that complete dependence on your utility company is not always ideal.

Lately, utilities in Spanish Fort have recorded an average of 2.09 outages per customer annually. Usually, outages have an average duration of 160.03 minutes. However, during critical events like tornadoes, overloaded power grids, or wildlife damage, these times can extend dramatically.

A solar panel system, with or without a backup battery, could help mitigate the effects of future outages you might face.

Power Outages

Currently, 0 customers are being tracked in Baldwin County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Spanish Fort, AL?

Your Energy Needs - Though the initial cost of larger solar panel systems is greater, the price per watt diminishes as the system gets larger. A majority of homeowners find it advantageous to set up a solar system that can generate enough electricity to replace the entirety of their electric bill. This approach makes the most sense for maximum savings.

Make & Model - Solar panels and mounting equipment are offered in a range of makes and models. The preferences for brand that your installer has may make it vital to pick a recommended installer. Buyers frequently find that utilizing higher quality equipment results in a more favorable long-term experience.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and for good reason. Despite the higher price tag, these panels produce greater energy output. Most installation experts use panels crafted from this material.

Your Property - Each property and home has its own characteristics. Factors such as trees, sloping terrain, or additional hurdles can make the installation more challenging. By using satellite images, many solar installers nowadays can assess your home and include these factors 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. Higher reviews for services and customer service are often associated with companies that pay higher wages.

Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will impact your installation cost. Reputable local installers will include these figures in your initial estimates to provide transparency.

See what solar panels cost in other AL cities

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Who are the best solar installers in Spanish Fort?

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.

Spanish Fort, AL Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in Spanish Fort, AL is $3.95/W. The installation of a 5 kW solar panel system in Spanish Fort, AL will cost about $13,825 after federal tax credits.

  • Utilities and government agencies in Alabama are currently offering 4 different rebates and incentives. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Even though cash payments provide the greatest savings, many financing options for solar panels today are also cost-effective. Your initial quotes will often contain information about financing options provided by installers.

  • Yes, in Spanish Fort, AL, 5 kW solar panel systems usually pay off in 8 years, providing an average electricity cost savings of $21,980.6 over a 20-year period.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01