Solar Panel Cost Guide in Grayson, GA (2024 Update)
- Grayson Solar Installation Cost: $17,759
- 25-Year Savings: $20,910
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Grayson
We go over average solar pricing in Grayson.
While the national average of solar panels is $2.66 per watt, solar panels in Grayson generally cost about 4.Using this figure, a typical 6.8-kW system would cost about $17,759 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of installing solar panels can vary quite a bit depending on several factors, such as what size system you need, your energy usage and what installation company you go with.For many homeowners, the upfront investment in solar is worth paying. On average Grayson homeowners see about $18,000 in savings on energy bills over 20 years.
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 Grayson
| Year | Return on Investment |
|---|---|
| 1 years | $-16,166 |
| 3 years | $-12,980 |
| 5 years | $-9,793 |
| 7 years | $-6,607 |
| 9 years | $-3,420 |
| 11 years | $-234 |
| 13 years | $2,953 |
| 15 years | $6,139 |
| 17 years | $9,326 |
| 19 years | $12,512 |
| 21 years | $15,698 |
| 23 years | $18,885 |
| 25 years | $22,071 |
Top Solar Installers in Grayson
When switching to solar energy, many homeowners decide to hire a solar installation company since handling can be a difficult project. Plus, if you aren’t sure what type of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you’d like to start using solar energy but still aren’t certain which solar installer to go with, here are our recommendations for providers in Grayson:
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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
See all of the solar companies in Grayson
Factors that Affect Solar Panel Costs in Grayson
For many Grayson homeowners, the decision to adopt solar energy comes down to 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 a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Grayson, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $3,740 for each additional kilowatt you need.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 greater 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 in cash is out of reach, solar loans are an affordable option because they cut back your upfront costs and let you pay for your system over five to seven years on average.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Grayson is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $3.89 | $16,336 | $12,869 | 14.0 years |
| 8 kW | $3.81 | $21,363 | $17,577 | 13.7 years |
| 10 kW | $3.74 | $26,180 | $22,495 | 13.4 years |
| 12 kW | $3.67 | $30,788 | $27,622 | 13.2 years |
| 14 kW | $3.59 | $35,186 | $32,959 | 12.9 years |
| 16 kW | $3.52 | $39,375 | $38,505 | 12.6 years |
| 18 kW | $3.44 | $43,354 | $44,261 | 12.4 years |
| 20 kW | $3.37 | $47,124 | $50,226 | 12.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in Grayson, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
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 $18,700 for a 5-kW system and $37,400 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost 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 reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t go for 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 long do solar panels last in Grayson?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.