Solar Panel Cost Guide in Grayson, GA (2023 Update)
- Grayson Solar Installation Cost: $12,109
- 25-Year Savings: $20,910
- Payback Period: 9.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Grayson
Find out what the average cost of solar panels are in Grayson.
The national average cost of solar panels is $2.66 per watt, but in Grayson it's 2.55 per watt. To cover the typical energy needs of the average home in Grayson, most homeowners require a 6.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,102, or $17,306 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Grayson homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar power is worth paying. On average Grayson homeowners see about $18,000 in savings on utility bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Grayson
| Year | Return on Investment |
|---|---|
| 1 years | $-10,515 |
| 3 years | $-7,329 |
| 5 years | $-4,143 |
| 7 years | $-956 |
| 9 years | $2,230 |
| 11 years | $5,417 |
| 13 years | $8,603 |
| 15 years | $11,790 |
| 17 years | $14,976 |
| 19 years | $18,163 |
| 21 years | $21,349 |
| 23 years | $24,536 |
| 25 years | $27,722 |
Top Solar Installers in Grayson
Although it's possible to install solar panels by yourself, it requires extra energy and knowledge. Because of that, most homeowners choose to hire a solar panel installer. The payback period on an investment in solar panels will vary based on factors like your location and energy needs, but going with a solar installer can shorten it. Your provider will be able to help you apply for incentives available in your area.
Working with a professional solar company 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 Grayson
Factors that Affect Solar Panel Costs in Grayson
For many Grayson homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Grayson, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable route because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. While solar loans make switching to solar energy more accessible for Grayson 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 installation company you select will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that provides the products, warranties and services you want and also fit into your budget.
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 | $18,066 | 9.5 years |
| 8 kW | $2.60 | $14,566 | $24,374 | 9.4 years |
| 10 kW | $2.55 | $17,850 | $30,825 | 9.2 years |
| 12 kW | $2.50 | $20,992 | $37,418 | 9.0 years |
| 14 kW | $2.45 | $23,990 | $44,154 | 8.8 years |
| 16 kW | $2.40 | $26,846 | $51,033 | 8.6 years |
| 18 kW | $2.35 | $29,560 | $58,055 | 8.4 years |
| 20 kW | $2.29 | $32,130 | $65,220 | 8.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Grayson, GA Solar Cost FAQs
How much does it cost to install solar panels in Grayson?
The average cost of solar panels in Grayson is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Grayson?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $973.50 per year.
How many solar panels should I get 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.