Solar Panel Cost Guide in Georgetown, GA (2023 Update)
- Georgetown Solar Installation Cost: $10,888
- 25-Year Savings: $26,727
- Payback Period: 7.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Georgetown
Find out what the average cost of installing solar panels is in Georgetown.
In Georgetown, solar panels cost about 2.55 per watt on average. Using this figure, a typical 6.1-kW system would cost about $10,888 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Georgetown based on a few factors, such as the kind of solar panels you choose and the solar company you hire. But, after you've paid the initial cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $23,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar company in Georgetown for a quote for your home.
Solar savings over time in Georgetown
| Year | Return on Investment |
|---|---|
| 1 years | $-9,384 |
| 3 years | $-6,375 |
| 5 years | $-3,365 |
| 7 years | $-356 |
| 9 years | $2,653 |
| 11 years | $5,662 |
| 13 years | $8,672 |
| 15 years | $11,681 |
| 17 years | $14,690 |
| 19 years | $17,699 |
| 21 years | $20,709 |
| 23 years | $23,718 |
| 25 years | $26,727 |
Top Solar Installers in Georgetown
Many homeowners choose to hire a solar installation company since installing solar panels on your own can be time-consuming. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be best for you.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Georgetown:
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 Georgetown
Factors that Affect Solar Panel Costs in Georgetown
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Georgetown: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,550. The model of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Georgetown, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. Though solar loans make going solar more accessible for Georgetown homeowners, they can also increase the total you pay for your system due to interest. 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 final significant cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Georgetown, you'll have many options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Georgetown know more 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 | $2.65 | $11,138 | $25,870 | 7.5 years |
| 8 kW | $2.60 | $14,566 | $34,778 | 7.4 years |
| 10 kW | $2.55 | $17,850 | $43,830 | 7.2 years |
| 12 kW | $2.50 | $20,992 | $53,024 | 7.1 years |
| 14 kW | $2.45 | $23,990 | $62,361 | 6.9 years |
| 16 kW | $2.40 | $26,846 | $71,841 | 6.8 years |
| 18 kW | $2.35 | $29,560 | $81,464 | 6.7 years |
| 20 kW | $2.29 | $32,130 | $91,230 | 6.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Contract: When reading over 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 component breaking or the company going out of business.
- Installation Process: One of the most important things to understand when adopting solar energy 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 secure and how long the project will take.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before making your decision.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
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 Georgetown, GA Solar Cost FAQs
How much does it cost to install solar panels in Georgetown?
This is a difficult question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want extra solar equipment or more efficient 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 less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Does Georgetown have a net metering program?
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 utility bills.
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 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 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.