Solar Panel Cost Guide in Gray, GA (2023 Update)
- Gray Solar Installation Cost: $11,781
- 25-Year Savings: $23,825
- Payback Period: 8.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Gray
We go over average solar pricing in Gray.
In Gray, solar panels cost about 2.55 per watt on average. Using this figure, a typical 6.6-kW system would cost about $11,781 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of equipment you choose, your solar contractor and more. Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Gray can save about $20,000 on their power bills over 20 years.
Click the button below to get connected to a highly rated solar company in your area for a customized quote.
Solar savings over time in Gray
| Year | Return on Investment |
|---|---|
| 1 years | $-10,357 |
| 3 years | $-7,508 |
| 5 years | $-4,660 |
| 7 years | $-1,811 |
| 9 years | $1,037 |
| 11 years | $3,886 |
| 13 years | $6,734 |
| 15 years | $9,583 |
| 17 years | $12,431 |
| 19 years | $15,280 |
| 21 years | $18,128 |
| 23 years | $20,977 |
| 25 years | $23,825 |
Top Solar Installers in Gray
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make your swap to solar power much easier. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
Working with a licensed solar installer can make going solar easier. 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
See all of the solar companies in Gray
Factors that Affect Solar Panel Costs in Gray
For many Gray homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Gray, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay about $2,550 per kilowatt in Gray. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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 over time on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Gray average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are an affordable route because they lower your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the amount of 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Gray is the company you hire to install your PV system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services for different budgets. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $21,224 | 8.6 years |
| 8 kW | $2.60 | $14,566 | $28,585 | 8.4 years |
| 10 kW | $2.55 | $17,850 | $36,088 | 8.3 years |
| 12 kW | $2.50 | $20,992 | $43,734 | 8.1 years |
| 14 kW | $2.45 | $23,990 | $51,523 | 7.9 years |
| 16 kW | $2.40 | $26,846 | $59,455 | 7.8 years |
| 18 kW | $2.35 | $29,560 | $67,529 | 7.6 years |
| 20 kW | $2.29 | $32,130 | $75,746 | 7.4 years |
How to Save on Solar Panels
Since the type of solar panels and the 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:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Although 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 panel companies that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Warranty: If you care about the durability of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Gray, GA Solar Cost FAQs
What is the average cost of installing solar panels in Gray?
The average cost of solar panels in Gray 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 such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Gray?
You can't get solar panels for free in Gray. However, you may still be able to install 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.
Is going solar worth it?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.