Solar Panel Cost Guide in Byron, GA (Mar 2023)
- Byron Solar Installation Cost: $11,692
- 25-Year Savings: $24,717
- Payback Period: 8.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Byron
Find out what the average cost of solar panel installation is in Byron.
The average cost of a solar panel system in Byron is 2.55 per watt. To account for the typical energy usage of the average home in Byron, most homeowners require a 6.5-kilowatt system. Using the figure above, a solar installation costs around $11,692, or $16,720 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy use, the type of solar panels you want, your solar contractor and more. For many homeowners, the upfront cost of solar panels is worth paying. On average Byron homeowners see about $21,000 in savings on energy bills over 20 years.
Click the button below to get connected to a top solar installer in Byron for a custom estimate.
Solar savings over time in Byron
| Year | Return on Investment |
|---|---|
| 1 years | $-10,235 |
| 3 years | $-7,323 |
| 5 years | $-4,410 |
| 7 years | $-1,497 |
| 9 years | $1,415 |
| 11 years | $4,328 |
| 13 years | $7,241 |
| 15 years | $10,153 |
| 17 years | $13,066 |
| 19 years | $15,979 |
| 21 years | $18,891 |
| 23 years | $21,804 |
| 25 years | $24,717 |
Top Solar Installers in Byron
Although it's possible to install solar panels yourself, it requires extra energy and know-how. That's one of the reasons almost all homeowners choose a solar panel installer. Plus, if you'd like to maximize your investment in solar, going with a solar company can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
If you're looking for a solar installer in Byron, the EcoWatch team has put together 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 (coming 2022)
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 Byron
Factors that Affect Solar Panel Costs in Byron
The cost of installing a solar system in Byron can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,550. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Byron, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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 Byron homeowners choose to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of financing options, including the amount of 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 more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Byron, and each can charge different amounts for labor and equipment. Additionally, some companies in Byron have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $22,199 | 8.4 years |
| 8 kW | $2.60 | $14,566 | $29,885 | 8.2 years |
| 10 kW | $2.55 | $17,850 | $37,713 | 8.0 years |
| 12 kW | $2.50 | $20,992 | $45,684 | 7.9 years |
| 14 kW | $2.45 | $23,990 | $53,798 | 7.7 years |
| 16 kW | $2.40 | $26,846 | $62,055 | 7.5 years |
| 18 kW | $2.35 | $29,560 | $70,454 | 7.4 years |
| 20 kW | $2.29 | $32,130 | $78,996 | 7.2 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Byron, GA Solar Cost FAQs
What is the average cost of installing solar panels in Byron?
The average cost of solar panels in Byron is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your home considerably 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% with a solar installation."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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.