Solar Panel Cost Guide in Covington, GA (2024 Update)
- Covington Solar Installation Cost: $17,464
- 25-Year Savings: $19,180
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Covington
Find out how much it might cost to go solar in Covington.
In Covington, solar panels cost about 4 per watt on average.Because a 6.7-kW system is needed to cover the energy usage of a typical home in Covington, the average price of going solar will be about $17,464 after claiming the federal solar tax credit of 0.
The true cost of your system can go above or below the average in Covington depending on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire.For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $18,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Covington
| Year | Return on Investment |
|---|---|
| 1 years | $-15,937 |
| 3 years | $-12,885 |
| 5 years | $-9,832 |
| 7 years | $-6,779 |
| 9 years | $-3,727 |
| 11 years | $-674 |
| 13 years | $2,379 |
| 15 years | $5,431 |
| 17 years | $8,484 |
| 19 years | $11,537 |
| 21 years | $14,589 |
| 23 years | $17,642 |
| 25 years | $20,695 |
Top Solar Installers in Covington
Many homeowners opt for a solar installer since figuring out how to install solar panels on your own can be a labor-intensive endeavor. Another good thing about using a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
If you’d like to switch to solar energy but still aren’t sure which solar installer to go with, here are our suggestions for providers nearby:
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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
See all of the solar companies in Covington
Factors that Affect Solar Panel Costs in Covington
Though the average cost of a solar system in Covington is $17,464, your final cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Covington to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Covington is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services at different price points.Additionally, some companies in Covington 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 | $3.89 | $16,336 | $11,625 | 14.6 years |
| 8 kW | $3.81 | $21,363 | $15,919 | 14.3 years |
| 10 kW | $3.74 | $26,180 | $20,423 | 14.0 years |
| 12 kW | $3.67 | $30,788 | $25,136 | 13.8 years |
| 14 kW | $3.59 | $35,186 | $30,058 | 13.5 years |
| 16 kW | $3.52 | $39,375 | $35,190 | 13.2 years |
| 18 kW | $3.44 | $43,354 | $40,531 | 12.9 years |
| 20 kW | $3.37 | $47,124 | $46,082 | 12.6 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose considerably influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Covington, GA Solar Cost FAQs
How much does it cost to install solar panels in Covington?
The average cost of solar panels in Covington is about $18,700 for a 5-kW system and $37,400 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Covington?
You can’t get solar panels for free in Covington. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires 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 home 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.