Solar Panel Cost In 2023 (Homeowner’s Installation Savings Guide)
By Karsten Neumeister /
Here’s a quick look at the estimated cost of solar in Georgia:
*Average system size is calculated using data from the Energy Information Administration. This price is after tax credit.
**Payback period is calculated assuming the system is purchased in cash.
If you live in the Peach State and are looking to switch to renewable energy, you may be wondering about the cost of solar panels in Georgia. In this article, we’ll break down average prices of solar panel installations in the state to help you decide whether this type of clean energy is worth it for your home.
The numbers you’ll see below are averages, but solar energy system costs can fluctuate greatly depending on things like the type of equipment you choose to install and your household energy use.
Using market research and data from top solar companies, we’ve determined that the average cost of solar panels in Georgia is $2.55 per watt. This is below the U.S. average of $2.66 per watt.
Based on that average cost, you can expect to pay $8,913 for a 5-kilowatt home solar system in Georgia. The actual price for a system of this size is around $12,733, but the net cost becomes much lower after subtracting the 30% federal tax credit. The following table summarizes the average prices of home solar systems in Georgia ranging from 5 to 10 kilowatts (the most common residential system sizes):
|Size of Solar Panel System||Georgia Solar Panel Cost||Cost After Federal Tax Credit|
Keep in mind these are average costs, based on general data from Georgia’s solar industry. However, these prices can vary based on factors like the complexity of your roof and the solar brands available near you.
Georgia homeowners can expect to pay anywhere from $8,913 to $17,827 for their solar panel systems after the federal investment tax credit (ITC), but prices can be below or above the limits of this range as well.
The variance in cost is so significant because numerous factors play into equipment and labor prices. We’ll briefly discuss these factors below and how they affect your total cost of going solar.
The lion’s share of your system cost will be determined by the equipment you install. Opting for add-on products — like solar batteries and EV chargers — will drive up your cost, as will choosing higher-quality panels.
Georgia is in a prime location for extreme weather, including hurricanes and tropical storms.
While these weather events are often weakened by the time they hit the state, strong winds and heavy rain can contribute to downed power lines and outages, so many homeowners choose to add solar batteries to their systems. These are great for maintaining power through blackouts, but they add thousands or even tens of thousands to your total system cost.
The brand of equipment you have installed also matters, as lower-efficiency panels with a less comprehensive warranty will be more affordable in most cases. Luckily, Georgia receives more sunny days — 218 per year on average — than most other states, so higher-cost, high-efficiency panels generally aren’t required. This helps keep overall costs down.
Paying thousands of dollars for your panels in cash up front might not be feasible for you, but cash payment does let you avoid interest, which means a lower system cost overall. If you instead opt for a solar loan, you’ll pay far less up front but your total cost will be higher because you’re paying interest.
There are some appealing solar financing options available in Georgia, like the Property Assessed Clean Energy (PACE) program, which helps keep financing costs down and makes loans more accessible. Unfortunately, GA does not currently have a program to make solar panels and equipment more affordable for low-income households.
The solar installer you choose will, in part, determine your system cost as well. Some companies charge more than others for the same equipment, and installation and labor costs can vary as well.
Some companies will also be more or less expensive based on the equipment they install.
For example, Renu Energy Solutions, one of the top solar installers in Georgia and a local provider, installs panels from REC, SolarEdge, Tesla and SunPower. Some of these brands are relatively cheaper and they all vary in quality and warranty coverage.
SunPower, one of the best national companies that services Georgia, only installs Maxeon (formerly SunPower) panels. These are expensive, but they deliver the best quality and warranty in the industry. In short, it’s important to assess installers based on the price but also the quality they deliver for that price.
Georgia homeowners should consider a few additional things before moving forward with solar panel installation.
Unfortunately, there are no local incentive or rebate programs active in Georgia as of January 2022. However, some electricity providers have solar buyback programs, which are similar to net metering. In these programs, your utility company will purchase the surplus generation from your solar panels, subtracting it as a credit on your power bills.
Additionally, all home solar systems in the U.S. benefit from the federal solar tax credit. This credit is worth 30% of your system cost and is valid on solar installations purchased through 2032. The credit will decrease to 26% in 2033 and 22% in 2034 before it expires in 2035.
See also: See how much you can save by going solar with the EcoWatch Solar Calculator
There are many solar panel brands to choose from in Georgia, but not all of them will necessarily fit your budget, and some might not provide the efficiency you expect.
The table below offers some relative pricing for some of the best solar panel brands available in the Peach State to help you decide which brands you should give a closer look.
|Solar Panel Brand||Average Cost Per Watt ($-$$$$$)|
Want to see what size system you need to offset your energy bills and get a free quote? Select one of our top providers below, and we’ll have a reputable solar installer in your area reach out with an estimate.
Read More About Going Solar
At EcoWatch, we’re happy to get questions about the process and costs of getting rooftop solar from Georgia residents. Below are some of the questions we see most often, along with our responses. If you have specific questions that aren’t answered here, reach out to our team of solar experts at firstname.lastname@example.org.
Yes, there is a tax credit for solar panels in 2022. Owners of both residential and commercial solar systems are eligible for a 30% federal tax credit. This means you can get a tax credit of $300 for every $1,000 invested in a solar power system. Georgia does not have a state tax credit, but the 30% federal tax credit is available everywhere in the U.S.
In Georgia, it is possible to fully eliminate your energy bills with solar panels, but you’ll need enough space on your roof to install the right-sized system.
Since Georgia’s net metering programs usually don’t compensate customers at full retail rate, it’s difficult to generate enough excess energy to offset your bills with net metering.
As a result, it’s more likely that you’ll require a large system with a solar battery in order to offset your entire home’s energy use. This would be a hefty investment.
Yes, solar panels increase home value. Studies have concluded that home values increase by around $6,000 per kilowatt of solar capacity. This means the average 5 kW system could add around $30,000 to your home value, and a 10 kW system could add about $60,000.
Solar panels also create more value where they’re most effective. Georgia is a sunny state with long summers, so as long as trees don’t shade them, solar panels are a valuable addition to any home.
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