Solar Panel Cost Guide in Griffin, GA (2024 Update)
- Griffin Solar Installation Cost: $17,477
- 25-Year Savings: $19,891
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Griffin
Let’s take a look at the average cost of solar in Griffin.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Griffin, the typical cost of solar panels is 4 per watt.The average solar panel system size in Griffin is around 6.7 kilowatts, meaning a cost of about $17,477 for a solar installation, or $24,992 before the 0 federal solar tax credit is applied.
These figures are just estimates, and your own solar costs may vary based on factors unique to your home and what company you choose to go with.With average savings of about $18,000 on utility bills over 20 years, many homeowners in Griffin find investing in solar has a decent ROI.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Griffin
| Year | Return on Investment |
|---|---|
| 1 years | $-15,884 |
| 3 years | $-12,698 |
| 5 years | $-9,511 |
| 7 years | $-6,325 |
| 9 years | $-3,138 |
| 11 years | $48 |
| 13 years | $3,235 |
| 15 years | $6,421 |
| 17 years | $9,608 |
| 19 years | $12,794 |
| 21 years | $15,980 |
| 23 years | $19,167 |
| 25 years | $22,353 |
Top Solar Installers in Griffin
Many homeowners decide to hire a solar panel installer since installing solar panels on your own can be time-consuming. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Griffin
Factors that Affect Solar Panel Costs in Griffin
There are a number of criteria that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different 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 generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,740.The brand and kind of equipment you want 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Griffin offer solar loans, which reduce the initial cost of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Griffin, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.89 | $16,336 | $12,250 | 14.3 years |
| 8 kW | $3.81 | $21,363 | $16,753 | 14.0 years |
| 10 kW | $3.74 | $26,180 | $21,464 | 13.7 years |
| 12 kW | $3.67 | $30,788 | $26,386 | 13.5 years |
| 14 kW | $3.59 | $35,186 | $31,516 | 13.2 years |
| 16 kW | $3.52 | $39,375 | $36,856 | 12.9 years |
| 18 kW | $3.44 | $43,354 | $42,406 | 12.6 years |
| 20 kW | $3.37 | $47,124 | $48,165 | 12.4 years |
How to Save on Solar Panels
There are many companies to choose from in Griffin, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Contract: It’s important to read your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Griffin, GA Solar Cost FAQs
How much does it cost to install solar panels in Griffin?
The average cost of solar panels in Griffin 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 kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
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 consider are the quality and durability of your solar panels.
Is it worth going solar in Griffin?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires 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 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.