Solar Panel Cost Guide in Canton, GA (2024 Update)
- Canton Solar Installation Cost: $18,038
- 25-Year Savings: $21,547
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Canton
We break down average solar pricing in Canton.
The average cost of solar panels in Canton is 4 per watt.The average Canton homeowner needs a 6.9-kilowatt system, which would cost about $18,038 with the federal tax credit, or $25,794 before the 0 tax credit is applied.
The true price you pay can be above or below the average in Canton depending on several factors, such as the brand of solar panels you choose and the solar installer you hire.But, once you've paid the initial cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on utility bills.
You can click the button below to get connected with a pre-vetted solar company in Canton for a quote for your home.
Solar savings over time in Canton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,445 |
| 3 years | $-13,258 |
| 5 years | $-10,072 |
| 7 years | $-6,885 |
| 9 years | $-3,699 |
| 11 years | $-513 |
| 13 years | $2,674 |
| 15 years | $5,860 |
| 17 years | $9,047 |
| 19 years | $12,233 |
| 21 years | $15,420 |
| 23 years | $18,606 |
| 25 years | $21,793 |
Top Solar Installers in Canton
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Using a solar company can make converting to solar power much easier. Plus, if you’re unsure what brand of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
If you're on the hunt for a solar installer in Canton, we've 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
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 Canton
Factors that Affect Solar Panel Costs in Canton
For many Canton homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Canton, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,740. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable option because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your total costs, so it’s important to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Canton, and each can charge different amounts for labor and equipment.The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.89 | $16,336 | $13,137 | 13.9 years |
| 8 kW | $3.81 | $21,363 | $17,935 | 13.6 years |
| 10 kW | $3.74 | $26,180 | $22,943 | 13.3 years |
| 12 kW | $3.67 | $30,788 | $28,159 | 13.1 years |
| 14 kW | $3.59 | $35,186 | $33,586 | 12.8 years |
| 16 kW | $3.52 | $39,375 | $39,221 | 12.5 years |
| 18 kW | $3.44 | $43,354 | $45,067 | 12.3 years |
| 20 kW | $3.37 | $47,124 | $51,121 | 12.0 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:
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Canton, GA Solar Cost FAQs
How much does it cost to install solar panels in Canton?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $18,700 for a 5-kW system and $37,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Canton?
Leasing solar panels can be an attractive choice, as it usually 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Canton is currently $478,401, which means you can expect a value of about $19,614 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Canton is a rewarding investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.