Solar Panel Cost Guide in East Point, GA (2023 Update)
- East Point Solar Installation Cost: $12,138
- 25-Year Savings: $22,940
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in East Point
See how much it might cost to go solar in East Point.
In East Point, solar panels cost about 2.55 per watt on average. The average East Point homeowner needs a 6.8-kilowatt system, which would cost about $12,138 with the federal tax credit, or $17,357 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what installation company you go with. But, once you've paid the initial cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $20,000 over 20 years on energy bills.
Click the button below to get connected to a vetted solar panel company in East Point for a personalized quote.
Solar savings over time in East Point
| Year | Return on Investment |
|---|---|
| 1 years | $-10,735 |
| 3 years | $-7,929 |
| 5 years | $-5,122 |
| 7 years | $-2,316 |
| 9 years | $490 |
| 11 years | $3,296 |
| 13 years | $6,103 |
| 15 years | $8,909 |
| 17 years | $11,715 |
| 19 years | $14,521 |
| 21 years | $17,328 |
| 23 years | $20,134 |
| 25 years | $22,940 |
Top Solar Installers in East Point
Although you can install solar panels on your own, it takes extra time and know-how. That's one of the reasons most people choose a solar panel installer. A solar installer can also help save you money in the long run by providing warranties, repairs and component replacements.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
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 East Point
Factors that Affect Solar Panel Costs in East Point
For many East Point homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in East Point, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and type of equipment you want 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 limited roof space 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 add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular option because they decrease your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in East Point, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in East Point have more knowledge 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 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 | $19,814 | 9.0 years |
| 8 kW | $2.60 | $14,566 | $26,705 | 8.8 years |
| 10 kW | $2.55 | $17,850 | $33,738 | 8.7 years |
| 12 kW | $2.50 | $20,992 | $40,914 | 8.5 years |
| 14 kW | $2.45 | $23,990 | $48,233 | 8.3 years |
| 16 kW | $2.40 | $26,846 | $55,694 | 8.1 years |
| 18 kW | $2.35 | $29,560 | $63,299 | 8.0 years |
| 20 kW | $2.29 | $32,130 | $71,046 | 7.8 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
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 East Point, GA Solar Cost FAQs
How much does it cost to install solar panels in East Point?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know 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 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.