Solar Panel Cost Guide in Fayetteville, GA (Mar 2023)
- Fayetteville Solar Installation Cost: $11,995
- 25-Year Savings: $20,498
- Payback Period: 9.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Fayetteville
We go over average solar pricing in Fayetteville.
The national average cost of solar panels is $2.66 per watt, but in Fayetteville it's 2.55 per watt. Using this figure, a typical 6.7-kW system would cost about $11,995 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will most likely look different based on the amount of energy your home requires and what company you want to go with. With average savings of about $18,000 on utility bills over 20 years, many homeowners in Fayetteville find going solar has a decent ROI.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Fayetteville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,695 |
| 3 years | $-8,096 |
| 5 years | $-5,496 |
| 7 years | $-2,897 |
| 9 years | $-298 |
| 11 years | $2,302 |
| 13 years | $4,901 |
| 15 years | $7,501 |
| 17 years | $10,100 |
| 19 years | $12,700 |
| 21 years | $15,299 |
| 23 years | $17,899 |
| 25 years | $20,498 |
Top Solar Installers in Fayetteville
Although it's possible to install solar panels on your own, it requires extra energy and knowledge. That's why most people choose a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Fayetteville
Factors that Affect Solar Panel Costs in Fayetteville
For many Fayetteville homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Fayetteville, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,550. The 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. However, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Fayetteville average.
Solar Financing Terms
Most solar installers in Fayetteville offer solar loans, which reduce your upfront costs of installing solar panels. Although solar loans make switching to solar energy more accessible for Fayetteville homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Fayetteville, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $17,878 | 9.6 years |
| 8 kW | $2.60 | $14,566 | $24,123 | 9.4 years |
| 10 kW | $2.55 | $17,850 | $30,510 | 9.2 years |
| 12 kW | $2.50 | $20,992 | $37,041 | 9.0 years |
| 14 kW | $2.45 | $23,990 | $43,714 | 8.9 years |
| 16 kW | $2.40 | $26,846 | $50,530 | 8.7 years |
| 18 kW | $2.35 | $29,560 | $57,489 | 8.5 years |
| 20 kW | $2.29 | $32,130 | $64,590 | 8.3 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Even though 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.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely provide high-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 price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
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 Fayetteville, GA Solar Cost FAQs
How much does it cost to install solar panels in Fayetteville?
The average cost of solar panels in Fayetteville is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Fayetteville?
You can't get solar panels for free in Fayetteville. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact how much my home is worth?
Solar panels can increase your home value considerably 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 solar panels."
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.