Solar Panel Cost Guide in East Point, GA (2024 Update)
- East Point Solar Installation Cost: $17,801
- 25-Year Savings: $22,941
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in East Point
Let’s have a look at the average cost of solar panels in East Point.
The national average cost of solar panels is $2.66 per watt, but in East Point it’s 4 per watt.Using this figure, a typical 6.8-kW system would cost about $17,801 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what company you go with.Even with the significant initial cost, the average East Point homeowner can save around $20,000 on their power bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a highly rated solar panel company in East Point for a customized estimate.
Solar savings over time in East Point
| Year | Return on Investment |
|---|---|
| 1 years | $-16,156 |
| 3 years | $-12,864 |
| 5 years | $-9,573 |
| 7 years | $-6,282 |
| 9 years | $-2,990 |
| 11 years | $301 |
| 13 years | $3,592 |
| 15 years | $6,884 |
| 17 years | $10,175 |
| 19 years | $13,467 |
| 21 years | $16,758 |
| 23 years | $20,049 |
| 25 years | $23,341 |
Top Solar Installers in East Point
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Using an installer can make converting to solar power much easier. Another good thing about choosing a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 East Point
Factors that Affect Solar Panel Costs in East Point
There are a number of factors that can affect 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 system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the East Point average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many East Point homeowners decide to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in East Point, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in East Point are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $3.89 | $16,336 | $14,616 | 13.2 years |
| 8 kW | $3.81 | $21,363 | $19,908 | 12.9 years |
| 10 kW | $3.74 | $26,180 | $25,408 | 12.7 years |
| 12 kW | $3.67 | $30,788 | $31,118 | 12.4 years |
| 14 kW | $3.59 | $35,186 | $37,037 | 12.2 years |
| 16 kW | $3.52 | $39,375 | $43,166 | 11.9 years |
| 18 kW | $3.44 | $43,354 | $49,504 | 11.7 years |
| 20 kW | $3.37 | $47,124 | $56,052 | 11.4 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, such as:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 East Point, GA Solar Cost FAQs
How much does it cost to install solar panels in East Point?
This is a hard question to answer exactly, because the cost depends on a few different 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 higher quality panels, or if you have higher-than-average energy consumption. 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 East Point?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is making the switch to solar worth it?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty 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 needs 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.