Solar Panel Cost Guide in Barnesville, GA (2023 Update)
- Barnesville Solar Installation Cost: $11,860
- 25-Year Savings: $21,604
- Payback Period: 8.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Barnesville
Let's have a look at the average cost of solar panels in Barnesville.
The national average cost of solar panels is $2.66 per watt, but in Barnesville it's 2.55 per watt. To account for the typical energy needs of the average home in Barnesville, most homeowners require a 6.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,852, or $16,948 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Barnesville homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the large initial cost, the average Barnesville homeowner can save around $19,000 on their energy bills over 20 years, which is one of the advantages of solar.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Barnesville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,267 |
| 3 years | $-7,080 |
| 5 years | $-3,894 |
| 7 years | $-707 |
| 9 years | $2,479 |
| 11 years | $5,665 |
| 13 years | $8,852 |
| 15 years | $12,038 |
| 17 years | $15,225 |
| 19 years | $18,411 |
| 21 years | $21,598 |
| 23 years | $24,784 |
| 25 years | $27,971 |
Top Solar Installers in Barnesville
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make your swap to solar power much easier. Companies can also have access to quality options of the best solar panels and help you choose which one will be right for your family.
If you're on the hunt for a solar company in Barnesville, we've compiled a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Barnesville
Factors that Affect Solar Panel Costs in Barnesville
While the average cost of a solar system in Barnesville is $11,852, your actual cost may differ. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,550. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Barnesville, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Barnesville homeowners opt to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Barnesville, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.65 | $11,138 | $19,080 | 9.2 years |
| 8 kW | $2.60 | $14,566 | $25,726 | 9.0 years |
| 10 kW | $2.55 | $17,850 | $32,515 | 8.9 years |
| 12 kW | $2.50 | $20,992 | $39,446 | 8.7 years |
| 14 kW | $2.45 | $23,990 | $46,520 | 8.5 years |
| 16 kW | $2.40 | $26,846 | $53,737 | 8.3 years |
| 18 kW | $2.35 | $29,560 | $61,097 | 8.2 years |
| 20 kW | $2.29 | $32,130 | $68,599 | 8.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies carry various brands and kinds of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Warranty: If you're worried about the endurance of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Barnesville, GA Solar Cost FAQs
What is the average cost of installing solar panels in Barnesville?
The average cost of solar panels in Barnesville is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Barnesville?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.