Solar Panel Cost Guide in Griffin, GA (2023 Update)
- Griffin Solar Installation Cost: $11,924
- 25-Year Savings: $19,883
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Griffin
See how much it might cost to install solar panels in Griffin.
In Griffin, solar panels cost about 2.55 per watt on average. Because a 6.7-kW system is needed to cover the energy usage of a typical home in Griffin, the average price of going solar will be about $11,924 after claiming the federal solar tax credit of 30%.
These figures are just averages, and the cost of going solar for you may vary based on your specific situation and what company you choose to go with. For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $18,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Griffin that can help you get a more accurate cost estimate for your home.
Solar savings over time in Griffin
| Year | Return on Investment |
|---|---|
| 1 years | $-10,652 |
| 3 years | $-8,107 |
| 5 years | $-5,562 |
| 7 years | $-3,018 |
| 9 years | $-473 |
| 11 years | $2,071 |
| 13 years | $4,616 |
| 15 years | $7,160 |
| 17 years | $9,705 |
| 19 years | $12,250 |
| 21 years | $14,794 |
| 23 years | $17,339 |
| 25 years | $19,883 |
Top Solar Installers in Griffin
Installing solar panels yourself can be a difficult project, which is why getting a solar installer is a good option for many homeowners. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be right for your home.
If you'd like to go solar but still aren't sure which solar panel installer to go with, here are our recommendations for providers in Griffin:
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
The cost of installing a solar system in Griffin can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require 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 type of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular route because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Griffin, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Griffin know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $17,448 | 9.7 years |
| 8 kW | $2.60 | $14,566 | $23,550 | 9.6 years |
| 10 kW | $2.55 | $17,850 | $29,794 | 9.4 years |
| 12 kW | $2.50 | $20,992 | $36,182 | 9.2 years |
| 14 kW | $2.45 | $23,990 | $42,712 | 9.0 years |
| 16 kW | $2.40 | $26,846 | $49,385 | 8.8 years |
| 18 kW | $2.35 | $29,560 | $56,200 | 8.6 years |
| 20 kW | $2.29 | $32,130 | $63,159 | 8.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Contract: Before you sign a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
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?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important 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 be mindful of are the quality and durability of your solar panels.
How much can I save on power bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Griffin, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.