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How much do solar panels cost in Valley,AL in 2024?
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Going solar in August, 2024 in Valley, AL averages out to $4.07/W.
Said another way, solar panel installations will cost you about $4,070 per 1 kW (or 1000 watts) of production capacity. In Valley, a 5 kW solar setup will set you back, on average, $14,245 after the 30% federal income tax credit. Please keep in mind that a bigger system may be necessary to satisfy your energy needs.
Select your county from the menu on the left to find the average roof size and maximum solar panel system capacity for homes in your area. Below, you can see a comprehensive outline of the costs, payback period, and 20-year typical 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.
Valley: $14,245US Average: $12,634
Average Payback Period The number of years until you break even on the solar investment.
Valley: 6 yearsUS Average: 8 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Valley: $23,793US Average: $15,248
Solar Potential in Valley
Estimated system size and solar electricity production per median viable roof in
Valley.
Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 16.2kkWh AC per yr.
Electricity Costs in Valley, AL & What that Means for Your Solar Panel Pricing
Valley residents generally have an average monthly electric bill of $183.93 per month, with a typical usage of 1,132 kWh. Apartments and compact living spaces with lower energy requirements are covered in this statistic.
In August 2024, Valley, AL's average electricity rate amounts to 16.24¢ per kWh.
If your household consumes an average amount of electricity in Valley, you will want a solar panel system of 9 kW or higher to fully meet your entire electricity requirements. Right now, a 9 kW solar system will cost around $36,630 upfront, but the federal tax credit offers a 30% credit, the cost is $25,642.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Valley
Displayed below and to the left is the cost analysis for various sizes of solar panel systems set up in Valley. The larger the solar array, the higher the initial expense, but also the more considerable electricity savings and income tax credits you'll gain.
The solar panel cost and benefit breakdown, shown in the calculator down and to the right, is based on an average electric bill of $183.93 in Valley. Modify the $183.93 to match your usual electricity bill payment for custom results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,209 a year
Est. Price
$14,245
Savings froma 5kWthissystem
- Est. yearly production 7,554 kWh
- Est. monthly savings $101
- Full payback in 6 years
Environmental Impacts
- Reduces CO2 emissions by 3.1 tons a year
- Equivalent to planting 143 trees a year
- Equivalent to driving 7,681 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,450 a year
Savings froma 6kWthissystem
- Est. yearly production 9,065 kWh
- Est. monthly savings $121
- Full payback in 8 years
Environmental Impacts
- Reduces CO2 emissions by 3.72 tons a year
- Equivalent to planting 171 trees a year
- Equivalent to driving 9,217 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,692 a year
Est. Price
$19,943
Savings froma 7kWthissystem
- Est. yearly production 10,576 kWh
- Est. monthly savings $141
- Full payback in 9 years
Environmental Impacts
- Reduces CO2 emissions by 4.34 tons a year
- Equivalent to planting 200 trees a year
- Equivalent to driving 10,753 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,934 a year
Est. Price
$22,792
Savings froma 8kWthissystem
- Est. yearly production 12,087 kWh
- Est. monthly savings $161
- Full payback in 10 years
Environmental Impacts
- Reduces CO2 emissions by 4.97 tons a year
- Equivalent to planting 228 trees a year
- Equivalent to driving 12,290 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,176 a year
Est. Price
$25,641
Savings froma 9kWthissystem
- Est. yearly production 13,598 kWh
- Est. monthly savings $181
- Full payback in 12 years
Environmental Impacts
- Reduces CO2 emissions by 5.59 tons a year
- Equivalent to planting 257 trees a year
- Equivalent to driving 13,826 mi less a year
Valley Solar Panel Installation Incentives & Rebates | 2024
The REAP Grant can fund anywhere from 80% to 100% of the expenses associated with setting up solar energy or wind turbines for rural small businesses and farmlands. Confirm if you are eligible by trying our REAP Grant eligibility tool.
For those looking into residential solar, the 30% federal income tax credit is offered to most people, which makes solar a feasible option in many states. In conjunction with federal efforts, state and local programs help to promote the use of solar power.
In Alabama, 4 solar rebates and incentives are currently available from different utilities and government agencies.
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 Facl*ties
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?
Intending to stay in your house beyond the solar payback period? Solar panels are a smart investment in Valley. A 5 kW solar system in Valley, AL could potentially save you $29,898.2 over the course of 20 years, with the break even point typically at 6 years.
The cost of not having solar panels in Valley, AL
Not installing solar panels or any other backup energy system leads to missing the previously noted savings and full dependence on your electric utility for electricity. Recent news examples have shown that full reliance on your utility provider is not always ideal.
The average number of outages per customer per year for utilities in Valley has been 1.12 recently. On average, each outage lasts for 110.26 minutes. Major events like heavy rain and flooding, construction accidents, or equipment failure can considerably extend these durations.
With or without a backup battery, a solar panel system could ease the stress of future power disruptions you might experience.
Go Solar for less than your cell phone bill.
What impacts the cost of solar panels in Valley, AL?
Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt drops as the size of the system expands. Many homeowners find it useful to install a system that can produce enough electricity to replace the entirety of their electric bill. This approach makes the most sense for optimal savings.
Make & Model - Similar to many other products, there are different makes and models of solar panels and mounting equipment on the market. The installer you choose may have specific brand preferences, so it's important to select a highly rated installer. Buyers who prioritize better models generally enjoy a better long-term experience.
Solar Panel Type - It's not surprising that monocrystalline panels are now the industry standard. Despite the higher price tag, these panels provide greater energy output. Most installation experts use panels made from this material.
Your Property - Trees, irregular terrain, or additional challenges can increase the difficulty of the installation. Many solar installers today are able to leverage satellite imagery to evaluate your home and factor in these aspects in the initial cost estimate.
Labor Rates - Differences in employee wages across companies lead to expenses that are transferred to the consumers. Businesses that pay higher wages often get higher reviews for their work and customer service.
Permitting & Interconnection - The cost of installation will change depending on local permitting and utility interconnection fees. Experienced local installers will incorporate these numbers into your first quotes to avoid any surprises.
See what solar panels cost in other AL cities
- Huntsville 20 Installers
- Montgomery 19 Installers
- Birmingham 19 Installers
- Mobile 19 Installers
- Tuscaloosa 19 Installers
- Hoover 19 Installers
- Auburn 20 Installers
- Dothan 19 Installers
- Decatur 19 Installers
- Madison 19 Installers
- Florence 19 Installers
- Vestavia Hills 19 Installers
- Phenix City 19 Installers
- Prattville 19 Installers
- Gadsden 19 Installers
- Alabaster 19 Installers
- Opelika 19 Installers
- Northport 19 Installers
- Enterprise 19 Installers
- Daphne 19 Installers
- Homewood 19 Installers
- Bessemer 19 Installers
- Athens 19 Installers
- Trussville 19 Installers
- Pelham 19 Installers
- Albertville 19 Installers
- Oxford 19 Installers
- Mountain Brook 19 Installers
- Fairhope 19 Installers
- Anniston 19 Installers
- Helena 19 Installers
- Foley 19 Installers
- Prichard 19 Installers
- Selma 19 Installers
- Tillmans Corner CDP 19 Installers
- Cullman 19 Installers
- Troy 19 Installers
- Hueytown 19 Installers
- Millbrook 19 Installers
- Center Point 19 Installers
- Calera 19 Installers
- Muscle Shoals 19 Installers
- Saraland 19 Installers
- Gardendale 19 Installers
- Talladega 19 Installers
- Scottsboro 19 Installers
- Hartselle 19 Installers
- Alexander City 19 Installers
- Fort Payne 19 Installers
- Gulf Shores 19 Installers
- Chelsea 19 Installers
- Ozark 19 Installers
- Jasper 19 Installers
- Irondale 19 Installers
- McCalla CDP 19 Installers
- Moody 19 Installers
- Jacksonville 19 Installers
- Pell City 19 Installers
- Eufaula 19 Installers
- Sylacauga 19 Installers
- Leeds 19 Installers
- Russellville 19 Installers
- Saks CDP 19 Installers
- Valley 19 Installers
- Clay 19 Installers
- Fairfield 19 Installers
- Rainbow City 19 Installers
- Boaz 19 Installers
Go Solar for less than your cell phone bill.
Who are the best solar installers in Valley?
Titan Solar Power
Mesa, AZ(855) 729-7652
Services
- Expertise in consulting on advantageous financing for solar.
- Installation of solar arrays.
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.
Mountain Ridge Energy Service
Conway, AR(501) 499-1529
Services
- Installation of solar arrays.
- Reparation of solar arrays.
- Auditing of energy requirements for independent energy generation.
IES Residential
Stafford, TX(281) 498-2212
Services
- Installation of solar arrays.
O'Connell Electric Company
Victor, NY(585) 924-2176
Services
- Installation of solar arrays.
Core Development Group
(201) 825-2195
Services
- Installation of solar arrays.
- Expertise in consulting on advantageous financing for solar.
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.
Rogers, AZ(479) 278-2990
Services
- Solar systems for selling electricity back to the grid.
- Reparation of solar arrays.
- 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.
Shiloh, GA(706) 846-3121
Services
- Installation of solar arrays.
- Consulting on all things solar related.
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.
Pure Power Engineering
Hoboken, NJ(201) 687-9975
Services
- Installation of solar arrays.
- Consulting on all things solar related.
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.
Southern Solar Systems
Huntsville, AL(256) 883-9848
Services
- Installation of solar arrays.
- Installation of batteries for energy storage.
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.
Valley, AL Solar Panel Cost FAQs
In Valley, AL, the mean cost per watt for solar panels as recorded in August, 2024 is $4.07/W. Installing a 5 kW solar panel system in Valley, AL will cost approximately $14,245 after applying the federal tax credit.
If you live in Alabama, you can find 4 rebates and incentives through different utilities and government agencies. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.
While paying cash provides the most savings, various financing options for solar panels exist that also make financial sense. Financing options from installers will often be detailed in your initial quotes.
Yes, homeowners in Valley, AL generally see a payback time of 6 years for 5 kW solar panel systems, with electricity savings averaging $29,898.2 over a 20-year period.
Last Reviewed By: Ginalyn Gelera
Published: 2024-08-15
