Free Solar Panels Alabama

Alabama solar power incentives tax breaks and rebates.

Free solar panels alabama.

After it was running he noticed fees on his alabama power bill that he didn t understand and learned there was a 5 per kilowatt capacity charge on customers who use solar panels to produce a. In fact that solar fee one of the highest in the nation is about to go up. Free solar panels in alabama. Getting free solar panels in alabama with a power purchase agreement is not likely to be be happening any time soon.

Alabama power can keep charging a monthly fee for customers who have solar panels on their roofs. It s a simple way to encourage solar growth especially since solar homes appreciate by a multiple of twenty times annual electricity bill savings. But the catch is that they require you to enter into a solar lease or power purchasing agreement ppa. What stands out is the lack of a leasing options in alabama which has been replaced in the graph by an estimate for a small system.

The only electric utility in alabama offering solar rebates and a feed in tariff is tva which serves around 17 of the state. Yes there are legitimate installers that will put free solar panels for your home. There is also the 30 federal tax credit which applies anywhere in the usa and takes away a huge portion of the initial investment. Ever seen a solar company promote an offer for free solar panels the offer sounds too good to be true and unfortunately it is.

The most significant and only incentive to install solar panels for homes and businesses in alabama is the federal solar tax credit at the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation. Unfortunately there are not currently any programs like this in place in alabama. In many states there are regulatory programs that work to support solar energy adoption. However people that live in alabama can still benefit from the programs that currently exist at the federal level.

The chart below illustrates the return on investment for solar panel systems in alabama over the course of a 25 year period which is the expected lifespan of such a system. Federal solar tax credit.