Solar Panel Cost Guide in Chattanooga Valley, GA (Jan 2023)
- Chattanooga Valley Solar Installation Cost: $12,495
- 25-Year Savings: $18,716
- Payback Period: 10.0 Years
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Top Solar Installers in Chattanooga Valley
When making the switch to solar, many homeowners opt to use a solar company since DIY solar panel installation can be a time-consuming project. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
If you're on the hunt for a solar installer in Chattanooga Valley, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Chattanooga Valley
Factors that Affect Solar Panel Costs in Chattanooga Valley
There are many criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
The size of the solar energy system you need to offset your energy usage, 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 $2,550. The kind of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Chattanooga Valley to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies in Chattanooga Valley, and each can charge different amounts for labor and equipment. Additionally, some companies in Chattanooga Valley are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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||$15,603||10.4 years|
|8 kW||$2.60||$14,566||$21,089||10.2 years|
|10 kW||$2.55||$17,850||$26,719||10.0 years|
|12 kW||$2.50||$20,992||$32,491||9.8 years|
|14 kW||$2.45||$23,990||$38,406||9.6 years|
|16 kW||$2.40||$26,846||$44,464||9.4 years|
|18 kW||$2.35||$29,560||$50,664||9.2 years|
|20 kW||$2.29||$32,130||$57,008||9.0 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 brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
EcoWatch's Chattanooga Valley, GA Solar Cost FAQs
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.