Solar Energy Cost Results for 35083

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*SolarEnergyByZip* is a tool for home owners or businesses to easily determine the potential of solar energy for any location in the continental United States. To determine the potential solar energy, fill in the address below. You only need to fill in either the city and state or the zip code. You can also click on the map below to find the solar energy for that location.
Search results for: 35083 Average Number of Sun Hours: 4.79 At this geographic location, in order to generate 100,000 kW of electricity per year, you would need a 72 kW photovoltaic system installed. Cost Analysis Using a typical photovoltaic installed cost of $6.50/Watt (this cost can vary depending on many variables specific to your site), the total installed cost of this system should be approximately $468,000.00. Business Energy Investment Tax Credit (ITC) $140,400.00 The credit is equal to 30% of expenditures, with no maximum credit. Eligible solar energy property includes equipment that uses solar energy to generate electricity, to heat or cool (or provide hot water for use in) a structure, or to provide solar process heat. Hybrid solar lighting systems, which use solar energy to illuminate the inside of a structure using fiber-optic distributed sunlight, are eligible. Passive solar systems and solar pool-heating systems are not eligible. Tax credit for this system is likely to be $140,400.00 Modified Accelerated Cost-Recovery System (MACRS) $93,600.00 The MACRS allows a corporation to depreciate the cost of the solar panels and associated equipment and installation in five years. The depreciated cost per year of this system is $93,600.00 How many years to pay off the photovoltaic system?

* solar energy values provided by the National Renewable Energy Laboratory ("NREL"), which is operated by the Alliance for Sustainable Energy, LLC for the U.S. Department of Energy ("DOE").