Solar Panel Cost Guide in Gresham Park, GA (2024 Update)
- Gresham Park Solar Installation Cost: $17,721
- 25-Year Savings: $23,578
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Gresham Park
Find out how much it might cost to install solar panels in Gresham Park.
The average cost of a solar panel system in Gresham Park is 4 per watt.Since a 6.8-kW system is needed to cover the energy needs of a typical home in Gresham Park, the average price of going solar will be about $17,721 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy consumption, the type of solar system you want to get, your solar contractor and more.For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $20,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in your area for a personalized estimate.
Solar savings over time in Gresham Park
| Year | Return on Investment |
|---|---|
| 1 years | $-16,128 |
| 3 years | $-12,942 |
| 5 years | $-9,755 |
| 7 years | $-6,569 |
| 9 years | $-3,382 |
| 11 years | $-196 |
| 13 years | $2,991 |
| 15 years | $6,177 |
| 17 years | $9,364 |
| 19 years | $12,550 |
| 21 years | $15,736 |
| 23 years | $18,923 |
| 25 years | $22,109 |
Top Solar Installers in Gresham Park
Although you can install solar panels on your own, it requires extra effort and knowledge. Because of that, most people choose to hire a solar panel installer. Companies can also provide access to quality options of the best solar panels and help you pick which one will be right for your home.
You can get a free quote from a local solar installer 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 Gresham Park
Factors that Affect Solar Panel Costs in Gresham Park
The cost of installing a solar system in Gresham Park can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Gresham Park, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,740 for each additional kilowatt you need.The brand of solar panels and equipment you get is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is 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 falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Gresham Park to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.You’ll have to consider the long-term cost of loans, including the total 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 more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can impact the cost. Gresham Park’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger 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 | $15,272 | 12.9 years |
| 8 kW | $3.81 | $21,363 | $20,782 | 12.7 years |
| 10 kW | $3.74 | $26,180 | $26,501 | 12.4 years |
| 12 kW | $3.67 | $30,788 | $32,430 | 12.2 years |
| 14 kW | $3.59 | $35,186 | $38,568 | 11.9 years |
| 16 kW | $3.52 | $39,375 | $44,915 | 11.7 years |
| 18 kW | $3.44 | $43,354 | $51,472 | 11.4 years |
| 20 kW | $3.37 | $47,124 | $58,238 | 11.2 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Gresham Park, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the project timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Solar Panel Brands: The kind of solar panel you’d like to install plays a role in which company you should choose, since different companies have access to different panels.
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 Gresham Park, GA Solar Cost FAQs
How much does it cost to install solar panels in Gresham Park?
The average cost of solar panels in Gresham Park is about $18,700 for a 5-kW system and $37,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Gresham Park?
A solar panel system isn’t free in Gresham Park, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Gresham Park?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out how many solar panels 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 generally produce about 250 to 400 watt-hours per hour, the average household 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.