Alabama Power has approved the introduction of higher monthly fees for solar homeowners, which will slash electricity costs. Alabama Power is authorized to introduce higher monthly fees for solar homeowners, which will significantly reduce electricity bills and savings for homeowners with solar panels on their homes. Ala. - Alabama Water Authority (ALA) Board of Commissioners (BOC) approved the Alabama utility's application for approval of a new plan to reduce solar bills for Alabama homeowners, aiming to introduce high monthly fees for solar households, the first of its kind in the state.
The average monthly fee for installing a private solar system in Alabama for the first three years after operation and maintenance is $10,878, according to Alabama Power, the largest utility in Alabama with more than 1.5 million residential customers, according to the utility.
In the home solar market, Alabama is the only state where Alabama Power, the state's largest utility, does not offer a net sale price. The average monthly fee for a private solar system in Alabama is $2.80 per watt for the first three years after operation and maintenance, which is about $1,000 less than the average annual electricity costs in other states, according to the utility.
The average payback time for solar panels is 7 to 12 years, and solar energy saves between $600 and $2,000 per year in electricity costs. One of the benefits of installing solar panels in homes and businesses in Alabama is the state tax credit for solar energy. The tax credit allows homeowners to install a solar system for their home or business and give them up to $1,500 in tax credits for the first three years of the solar system installed, according to Alabama Power.
Solar panels have proven to be a much cheaper way to power homes in Alabama in the long term. Solar panels power the house when they can, and sometimes the house uses the utility company to power the house. Solar power from the grid means meeting the sun's energy needs, but there is no benefit to fall back on. While solar technology will never count on electric energy as fuel, those who have installed solar panels in Opelika have found that it is a cost-effective way to power their homes.
Alabama residents have been financially discouraged from using solar power because the cost is prohibitive. The electricity company can charge to turn off electricity without a grid meter, and Alabama Power argues that solar customers who stay connected to the grid must pay the fee, or the cost of electricity availability is passed on to other customers.
The cost of installing a solar panel depends largely on the amount of electricity you want to generate for your home. Another way to look at the issue is how much you will pay for each kWh of electricity you use over the next 25 years. The size of the solar cells in your system also plays a big role in how much it costs to install.
While watt-based solar panels are becoming cheaper, the total cost of your system increases as you add more panels. Given that the Trump administration imposed a solar panel import tariff in 2018, it is hard to imagine that Alabama's solar-power prices will fall before 2021.
The average cost of a solar panel in Alabama is $2.45 per watt, making it too early to say that it is cheap enough for a home solar panel, but now is a good time to switch to solar energy for Alabama.
Most homeowners pay between $3 and $4 per watt to install a solar system in Opelika, with the average cost being $3.57 per watt. The average cost of installing solar panels is $1,500 for a 6kW or 12kW system that can power an entire home. A 10kW solar panel can cost up to $27,000, and an 8kK can cost about $20,800, according to the Solar Energy Industries Association.
A typical solar system installed in an Alabama home for 25 years costs 5.9 cents per kWh, but the real savings will be heavily determined by the cost of installing a solar system in your home. The average cost of not obtaining solar energy in Opelika over a period of 30 years (30 years or more) is 21.
If you want to see how the location of your roof and the slope of the roof affects solar panel production and prices, use our solar panel calculator in Alabama to get binding quotes from solar companies. Enter your data to calculate the cost savings you are likely to make by installing solar panels in your home for 25 years (30 years or more) at a total cost of 5.9 cents per kWh. If you enter details into our solar calculator, you will find out how much your solar panels will cost per house, based on the average price of a typical house in Opelika for the same period and will receive an estimated solar cost saving for you. You can also enter details into our solar module calculator to see how your location, roof pitch and roof direction affect your solar module production.