Solar Panel Cost Guide in Eastman, GA (2024 Update)
- Eastman Solar Installation Cost: $16,925
- 25-Year Savings: $25,378
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Eastman
See how much it might cost to go solar in Eastman.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Eastman, the typical cost of solar panels is 4 per watt.Using this figure, a typical 6.5-kW system would cost about $16,925 before the 0 federal solar tax credit is applied.
How much you pay can be above or below the average in Eastman depending on a few factors, such as the kind of solar panels you choose and the solar contractor you hire.But, after you've paid the upfront cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $22,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar company in Eastman that can help you get a more accurate cost estimate for your home.
Solar savings over time in Eastman
| Year | Return on Investment |
|---|---|
| 1 years | $-15,331 |
| 3 years | $-12,145 |
| 5 years | $-8,958 |
| 7 years | $-5,772 |
| 9 years | $-2,585 |
| 11 years | $601 |
| 13 years | $3,787 |
| 15 years | $6,974 |
| 17 years | $10,160 |
| 19 years | $13,347 |
| 21 years | $16,533 |
| 23 years | $19,720 |
| 25 years | $22,906 |
Top Solar Installers in Eastman
Many homeowners decide to hire a solar panel company since figuring out how to install solar panels yourself can be challenging. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
Working with a vetted solar installer 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
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 Eastman
Factors that Affect Solar Panel Costs in Eastman
Although the average cost of a solar system in Eastman is $16,925, your final cost may differ. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,740 per kilowatt in Eastman.The type of solar equipment you choose can increase or decrease your cost 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. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Eastman average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Eastman homeowners opt to finance their solar panel systems to make paying for solar more affordable.Though solar loans make going solar more accessible for Eastman homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can impact your pricing. Eastman’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Eastman are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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 | $17,927 | 11.9 years |
| 8 kW | $3.81 | $21,363 | $24,322 | 11.7 years |
| 10 kW | $3.74 | $26,180 | $30,926 | 11.5 years |
| 12 kW | $3.67 | $30,788 | $37,740 | 11.2 years |
| 14 kW | $3.59 | $35,186 | $44,763 | 11.0 years |
| 16 kW | $3.52 | $39,375 | $51,995 | 10.8 years |
| 18 kW | $3.44 | $43,354 | $59,437 | 10.5 years |
| 20 kW | $3.37 | $47,124 | $67,088 | 10.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When reading over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the completion timeline.
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 Eastman, GA Solar Cost FAQs
How much does it cost to install solar panels in Eastman?
The average cost of solar panels in Eastman is about $18,700 for a 5-kW system and $37,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely 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?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Eastman is currently $131,805, which means you can look forward to a value of about $5,404 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Eastman is a rewarding investment.
How long do solar panels last in Eastman?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.