Benefits of Solar Energy
Solar energy has numerous advantages that will enhance your home for years to come.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
- Better energy independence: Photovoltaic systems with battery backups function through blackouts and emergencies, and you won't have to depend on your power company for your safety and comfort.
- Lowered energy bills: Solar panels allow you to generate your own energy to power your home, decreasing your monthly electricity costs. Going off-grid can eliminate your bills completely.
What Solar Incentives Are Available to Montgomery Homeowners?
Alabama homeowners who go solar could qualify for reimbursements, tax credits, rebates and special financing. Here are just a few of the local incentive offerings.
Incentive Type: Personal Tax Deduction
Incentive Amount:
100%
Incentive Type: Property Tax Incentive
Website: revenue.alabama.govIncentive Type: Loan Program
Website: alabamapower.comIncentive Amount:
Varies, up to 100% of project cost for qualifying customers
Incentive Type: Rebate Program
Website: dixie.coopIncentive Amount:
Contact member services representative
Incentive Type: Rebate Program
Website: caec.coopIncentive Amount:
Water Heater: $235 - $375
Dual Fuel or Mini-Split Heat pumps: $300- $350/ton
Converting furnace to heat pump in new manufactured homes: $400-$700
Converting furnace to heat pump in existing manufactured homes: $400/ton
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Montgomery
The price and efficacy of solar panels often rely on the provider that installed them. Consider each of these aspects in your contractor search.
Your solar modules' model will affect how much power you can generate. Monocrystalline panels cost the most but perform the best. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.
If you need to charge an electric car or use your solar power in dark weather, you'll usually pay extra for accessories. These upgrades extend your system’s efficiency while adding more conveniences to your home. Not every solar contractor provides these additional features, so look for a provider that has them if it's important for you.
Licensing and Training
Alabama licenses solar contractors with similar requirements to electricians. They must have at least 4 years of in-the-field experience and file an application with the state's Electrical Contractors Board. You should also visit a company's website to learn about its private accreditations. Two of the most prestigious are the PV Installation Professional and Solar Heating Installer certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Financing Options
There are many ways to pay for new solar panels, and the right one will lower your costs. A few of the most common options include loans, power purchase agreements (PPAs), cash payments, and leases. Most solar experts recommend paying cash or using a solar loan. Cash payments require a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Like a home or auto loan, you'll pay a set monthly rate with potentially $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) enables you to pay a monthly rate based only on the energy you use, similar to an electric bill. We typically don’t recommend these two choices because you won't own the system and cannot use solar incentives. Look for companies that offer several payment plans to find the right fit for your financial needs.
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Frequently Asked Questions About Solar in Montgomery
How much money could I save by going solar in Montgomery?
Is solar energy readily available in Montgomery?
Should I expect a boost in my property value after going solar?
What if I live in a rainy or gloomy
How can I assess my home's solar potential?
Is solar installation a fast job?
What's the difference between a PPA and a solar lease?
You don't own the panels with either option, though you can choose to "buy out" of the contract for a fee.
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