ALABAMA SOLAR PANELS

by: CRAFT ELECTRIC CO., INC.

 

 

System Size
(in watts per hour)
Monthly Output Capability (based on 5 hours of direct / insolated sunshine per day)
Approximate Cost, BEFORE subtracting up to 30% of cost Federal Tax Credit or state rebates or local financial incentives.
275 - 480 kWh
$3,000-$7,376
482-785 kWh
$7,400-$11,000
981-1,600 kWh
$11,361-$21,643
1,960-2,620 kWh
$22,607-$34,800
Comparing the True Cost of Utility Company Electricity with that of Solar Energy

Conventional fuel sources—oil, gas, coal, nuclear—have created a huge number of environmental problems. We pay with tax dollars, with higher prices for consumer goods, and with lower quality of life for acid rain, smog, water pollution, overflowing waste disposal dumps, the steady loss of natural resources, global warming and destruction of natural habitats.

Solar technology is allowing us to avoid many of these potential disasters. The silicon from one ton of sand has the potential to produce as much electricity as 500,000 tons of coal.One medium sized solar system will save the earth from 6,000 lbs. of carbon dioxide pollution.

 

 

STATE INCENTIVES

STATE: Alabama
NAME: Local Government Energy Loan Program
CATEGORY: Financial Incentive
TYPE: Loan Program
SECTOR: State
TECHNOLOGY: Solar Photovoltaics, 
SOURCE: State Revolving Loan Fund
CODE: AL06F
DETAILS: 
Maximum Loan - $350,000 per local government or school campus; $500,000 per school system
Loan Term - 0% for up to 10 years, with a 3% management fee; estimated simple payback must be within 10 years
WEBSITE: http://www.adeca.alabama.gov/Divisions/energy/Pages/EnergyFinancing.aspx


STATE: Alabama
NAME: TVA - Mid-Sized Renewable Standard Offer Program
CATEGORY: Financial Incentive
TYPE: Performance-Based Incentive
SECTOR: Utility
TECHNOLOGY: Solar Photovoltaics, 
CODE: AL41F
DETAILS: 
Incentive Amount - Seasonal and time-of-day prices are set at the date of execution of the contract agreement.
Typical pricing for 2015: Varying between $0.029/kWh-$0.051/kWh
Terms - Up to 20 year contract with a 5% increase in base rates per year.
Eligible System Size - 50kW-20MW
Installation Requirements - Must be interconnected with a power distributor's or TVA's electric system
Ownership of Renewable Energy Credits - All credits and attributes are transferred to TVA.
WEBSITE: http://www.tva.com/renewablestandardoffer/
UTILITIES: City of Athens, Cullman Power Board, Cullman Electric Coop, Inc, Decatur Utilities, Florence City of, Guntersville Electric Board, Huntsville City of, Joe Wheeler Elec Member Corp, Marshall-De Kalb Electric Coop, North Alabama Electric Coop, Sand Mountain Electric Coop, City of Scottsboro, Sheffield Utilities, 
STATE: Alabama
NAME: AlabamaSAVES Revolving Loan Program
CATEGORY: Financial Incentive
TYPE: Loan Program
SECTOR: State
TECHNOLOGY: Solar Photovoltaics, 
SOURCE: American Recovery and Reinvestment Act (ARRA); Additional funding from private lenders
CODE: AL44F
DETAILS: 
Maximum Loan - Maximum loan: $4,000,000
Loan Term - Interest Rate: 1% as of December 2014
Loan Length: 10 year maximum
Application fee: $500 for projects less than $250,000; $1,000 for projects over $250,000
Program origination fee: (3% for direct loans, 2% and reasonable and customary costs from a participating lender partner for subsidized loans). Origination fees are subject to a minimum of $2,000.
BUDGET: $70,000,000
WEBSITE: http://www.alabamasaves.com/
STATE: Alabama
NAME: TVA - Solar Solutions Initiative
CATEGORY: Financial Incentive
TYPE: Performance-Based Incentive
SECTOR: Utility
TECHNOLOGY: Solar Photovoltaics, 
CODE: AL55F
DETAILS: 
Incentive Amount - $0.04/ kWh for 10 years in addition to the incentives offered by the Renewable Standard Offer program
Terms - Must be participating in the Renewable Standard Offer Program
Eligible System Size - 50 kW- 1 MW Total capacity of the program capped at 20MW
Installation Requirements - Installation and construction must be done by a NABCEP-certified contractor that works in the TVA region
Ownership of Renewable Energy Credits - Owned by TVA
WEBSITE: http://www.tva.com/renewablestandardoffer/ssi.htm

STATE: Alabama
NAME: TVA - Green Power Providers
CATEGORY: Financial Incentive
TYPE: Feed-in Tariff
SECTOR: Utility
TECHNOLOGY: Solar Photovoltaics, 
CODE: AL56F
DETAILS: 
Incentive Amount - $1,000 upfront incentive for eligible systems,$0.02/kWh for all eligible technology types
Eligible System Size - Up to 50 kW (DC for inverter-based systems, AC for non-inverter-based systems)
Duration - Production incentive of $0.02 available for years 1-10, retail rate for years 11-20.
Equipment Requirements - Systems must be dual-metered, have an external disconnect switch, be grid-tied, and be validated under an interconnection agreement.
Installation Requirements - Installations must comply with local codes and adhere to guidelines established by the program.
Ownership of Renewable Energy Credits - Utility
WEBSITE: http://www.tva.com/greenpowerswitch/providers/

 

FROM ALABAMA POWER: 

Solar Electric System Pricing

The initial investment required to purchase a residential solar electric system can be significant. A turn-key system equipped to produce enough power for the average home can be as much as $60,000, which is why most homeowners choose a solar electric system that is designed to offset only a portion of the home's electrical energy consumption.

An average home in Alabama consumes 1,200 kWh of electricity each month. A solar panel rated at one kilowatt will produce approximately 100kWh of electricity per month, which means the average house would require a 12-kilowattdc system with battery back-up in order to meet 100% of the household electricity needs.

Installing a solar electric system without batteries averages between $3,500 to $5,000 per kW. Therefore, the average homeowner would have to make an initial equipment investment of $42,000 to $60,000 for a 12 kW system. In Alabama, with electric costs averaging $0.125/kWh, the annual electric utility cost for the average homeowner would be $1,800.

Without incentives, it would take over 20 years to get a return on the investment of a whole-house solar electric system.

Tax Credits and Incentives

For a typical household, the prospect of paying up to $100,000 for solar panels is prohibitive; however, incentives in the form of tax credits and low interest loans can help offset the cost. A 30% federal tax credit is currently available through 2016 for installing a solar energy system.

Visit the Database of State Incentives for Renewables and Efficiency to view the current state and Federal incentives available.

For More Information

Let us help you determine if installing a solar energy system is right for you. For more information about solar thermal and electric system opportunities at your home or business, contact Alabama Power's Energy Line Mon-Fri, 7:30 a.m,- 5:30 p,m, at 1-800-990-2726.

 

ABOUT

This website is created and hosted by Website.com's Site Builder.