Solar Panel Cost Guide in Forsyth, GA (2023 Update)
- Forsyth Solar Installation Cost: $11,852
- 25-Year Savings: $21,612
- Payback Period: 8.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Forsyth
Let's have a look at the average cost of solar in Forsyth.
In Forsyth, solar panels cost about 2.55 per watt on average. Using this figure, a typical 6.6-kW system would cost about $11,852 before the 30% federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you may look different based on your energy needs and what company you want to go with. Even with the significant initial cost, the average Forsyth homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar installer in Forsyth that can help you get a more accurate cost estimate for your home.
Solar savings over time in Forsyth
| Year | Return on Investment |
|---|---|
| 1 years | $-10,514 |
| 3 years | $-7,837 |
| 5 years | $-5,160 |
| 7 years | $-2,482 |
| 9 years | $195 |
| 11 years | $2,872 |
| 13 years | $5,549 |
| 15 years | $8,226 |
| 17 years | $10,903 |
| 19 years | $13,580 |
| 21 years | $16,257 |
| 23 years | $18,934 |
| 25 years | $21,612 |
Top Solar Installers in Forsyth
Although you can install solar panels by yourself, it involves extra effort and expertise. For that reason, the majority of homeowners choose to go with a solar panel installer. Some solar installers, especially local ones, can help you take advantage of incentives in Forsyth, optimizing your ROI.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some 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
See all of the solar companies in Forsyth
Factors that Affect Solar Panel Costs in Forsyth
Even though the average cost of a solar system in Forsyth is $11,852, your actual cost may be above or below the average. 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
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,550. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also cost more. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Forsyth provide solar loans, which reduce your upfront costs of installing a solar system. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Forsyth, and each can charge varying amounts for labor and equipment. Additionally, some companies in Forsyth know more about local solar incentives and can help you take advantage 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 | $2.65 | $11,138 | $19,087 | 9.2 years |
| 8 kW | $2.60 | $14,566 | $25,735 | 9.0 years |
| 10 kW | $2.55 | $17,850 | $32,525 | 8.9 years |
| 12 kW | $2.50 | $20,992 | $39,459 | 8.7 years |
| 14 kW | $2.45 | $23,990 | $46,535 | 8.5 years |
| 16 kW | $2.40 | $26,846 | $53,754 | 8.3 years |
| 18 kW | $2.35 | $29,560 | $61,116 | 8.1 years |
| 20 kW | $2.29 | $32,130 | $68,620 | 8.0 years |
How to Save on Solar Panels
The solar company you choose will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Contract: Look through the contract terms closely to make sure you understand the total cost, project timeline rebates and warranties.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
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 Forsyth, GA Solar Cost FAQs
How much does it cost to install solar panels in Forsyth?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly 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 cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Forsyth?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can you sell solar power back to the grid in Forsyth?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
What solar power system size is right for my home?
To figure out what solar panel system size 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 generally produce about 250 to 400 watt-hours per hour, the average house 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.