Solar Panels Cost 13k-24k in Tuscumbia, AL | October, 2024

Solar Panels Cost $13k-$24k in Tuscumbia, AL | October, 2024

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

You'll spend around $3.95/W to go solar in October, 2024 in Tuscumbia, AL.

For every 1000 watts (1 kW) your solar system can generate, you will need to invest, on average, $3,950 to have it installed. In Tuscumbia, a 5 kW solar installation will cost you, on average, $13,825 after the 30% federal income tax credit. To meet your energy needs, you may require more than a 5kW system.

On the left, you can select your county to find out the average roof size and the maximum capacity for residential solar on houses in your area. Outlined below are the price, 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.
Tuscumbia: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Tuscumbia: 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.
Tuscumbia: $13,934US Average: $15,784

Solar Potential in Tuscumbia

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

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

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

Tuscumbia energy consumers generally use 1,112 kWh monthly, with an average monthly bill of $140.35. Keep in mind that this figure covers both apartments and smaller homes, which typically require reduced energy.

The mean rate for electricity in Tuscumbia, AL during October, 2024 is 12.62¢ per kWh.

Typical electricity users in Tuscumbia will need a solar system of 9 kW or higher to cover their entire electricity usage requirements. The expected cost is around $35,550for a 9 kW setup before incentives, but the federal tax credit gives you 30% back, lowering the cost to $24,885.

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Average solar panel costs by system size in Tuscumbia

On your left, we have displayed a thorough pricing details for various solar panel system sizes set up in Tuscumbia. More extensive solar installations come with a larger expense, yet they also offer higher electricity savings and higher income tax credits.

Refer to the solar panel cost calculator down and to the right to see the cost and benefit details derived from an average $140.35 electric bill in Tuscumbia. To get more personalized results, just adjust the $140.35to match your average electricity bill amount.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $982 a year
Est. Price
$13,825
Savings from a 5kWthis system
  • Est. yearly production 7,554 kWh
  • Est. monthly savings $82
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 3.33 tons a year
  • Equivalent to planting 153 trees a year
  • Equivalent to driving 8,242 mi less a year
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 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4 tons a year
  • Equivalent to planting 184 trees a year
  • Equivalent to driving 9,891 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 4.66 tons a year
  • Equivalent to planting 214 trees a year
  • Equivalent to driving 11,539 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 13 years
Environmental Impacts
  • Reduces CO2 emissions by 5.33 tons a year
  • Equivalent to planting 245 trees a year
  • Equivalent to driving 13,188 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 $140
  • 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

Tuscumbia Solar Panel Installation Incentives & Rebates | 2024

Between 80% and 100% of your solar energy or wind turbine installation costs may be covered by the REAP Grant if you own a rural small business or farm. Confirm if you are eligible by utilizing our REAP Grant eligibility tool.

Almost all homeowners can take advantage of the 30% federal income tax credit for residential solar, making solar energy a sensible option throughout most parts of the country. Several state and local efforts are designed to boost the adoption of solar energy.

Various utilities and government agencies in Alabama have 4 solar rebate and incentive initiatives.

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 expect to live in your home beyond the payback period of your solar system, solar panels are an excellent choice in Tuscumbia. If you install a 5 kW solar system in Tuscumbia, AL, you might save $19,859 over 20 years on average, with a break even point at roughly 8 years.

The cost of not having solar panels in Tuscumbia, AL

The absence of solar panels or an alternative energy backup means that you forgo the savings noted earlier and depend on your electric utility for electricity. Recent news has proven that total reliance on your utility company is not always ideal.

In recent times, the average number of utility outages per customer annually in Alabama has been about 1.69. On average, the length of an outage is 168.86 minutes. Major events like overloaded power grids, wildfires or construction accidents can cause these durations to rise considerably.

With or without a backup battery, a solar panel system could help to mitigate the effects of future power interruptions you might face.

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 Tuscumbia, AL?

Your Energy Needs - Despite the larger initial expense, the cost per watt drops when using larger solar panel systems. Many individuals find it advantageous to set up a system that can generate enough electricity to replace the entirety of their electric bill. This math makes the most sense for optimal savings.

Make & Model - Similar to other industries, the solar energy sector features a wide range of solar panel brands and designs. Because the installer might have certain system preferences, it's important to select a reputable installer. The utilization of better equipment is probably will provide a more positive long-term experience for buyers.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and for good reason. They have a higher price, but they produce more energy. Many solar panel installers opt for this kind of material.

Your Property - Each property and home has its own unique features. Sloped land, trees, or other barriers may add to the difficulty of the installation. Most solar installers today are able to leverage satellite imagery to assess your home and include these elements in the preliminary cost estimate.

Labor Rates - Companies offer different pay rates to their employees, which are then shown in the prices consumers pay. Higher wages frequently lead to companies getting better reviews for their work and customer service.

Permitting & Interconnection - The final price of your installation will be affected by local permitting and utility interconnection fees, which vary by location. Reliable local installers will incorporate these figures into your initial estimates to prevent any surprises.

See what solar panels cost in other AL cities

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Who are the best solar installers in Tuscumbia?

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.

Tuscumbia, AL Solar Panel Cost FAQs

  • The cost per watt for solar panels in Tuscumbia, AL during October of 2024 averages $3.95/W. Post federal tax credit, a 5 kW solar panel system installation in Tuscumbia, AL will roughly cost $13,825.

  • In Alabama, you have access to 4 rebates and incentives provided by numerous utilities and government organizations. In addition, the 30% federal income tax credit is available to almost everyone.

  • While paying cash ensures the greatest savings, there are now various financing options for solar panels that are also beneficial. Installers will often provide details on financing partners in the quotes they provide initially.

  • Yes, the average 5 kW solar panel payback period in Tuscumbia, AL stands at 8 years, yielding average electricity savings of $19,859 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01