Solar Panel Cost Guide in Hiram, GA (2024 Update)
- Hiram Solar Installation Cost: $18,042
- 25-Year Savings: $20,712
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Hiram
Here’s how much it might cost to go solar in Hiram.
The average cost of solar panels in Hiram is 4 per watt.Because a 6.9-kW system is needed to cover the energy costs of a typical home in Hiram, the average price of going solar will be about $18,042 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of equipment you want, your solar contractor and more.Many homeowners find adopting solar power is a sound investment. The average homeowner in Hiram can save around $18,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Hiram that can help you get a more accurate cost estimate for your home.
Solar savings over time in Hiram
| Year | Return on Investment |
|---|---|
| 1 years | $-16,449 |
| 3 years | $-13,263 |
| 5 years | $-10,076 |
| 7 years | $-6,890 |
| 9 years | $-3,703 |
| 11 years | $-517 |
| 13 years | $2,670 |
| 15 years | $5,856 |
| 17 years | $9,043 |
| 19 years | $12,229 |
| 21 years | $15,416 |
| 23 years | $18,602 |
| 25 years | $21,789 |
Top Solar Installers in Hiram
Many homeowners choose to use a solar panel installer since installing solar panels on your own can be hard. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some in Hiram:
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 Hiram
Factors that Affect Solar Panel Costs in Hiram
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Hiram: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Hiram, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Hiram homeowners decide to finance their solar panel systems to make going solar more affordable.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can play a role in determining the cost. Hiram’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $12,406 | 14.2 years |
| 8 kW | $3.81 | $21,363 | $16,960 | 13.9 years |
| 10 kW | $3.74 | $26,180 | $21,723 | 13.7 years |
| 12 kW | $3.67 | $30,788 | $26,696 | 13.4 years |
| 14 kW | $3.59 | $35,186 | $31,879 | 13.1 years |
| 16 kW | $3.52 | $39,375 | $37,271 | 12.8 years |
| 18 kW | $3.44 | $43,354 | $42,872 | 12.6 years |
| 20 kW | $3.37 | $47,124 | $48,683 | 12.3 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. Because picking a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: The brand of solar panel you’d like to install plays a part in which installer you should go with, since different companies provide different panels.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
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 Hiram, GA Solar Cost FAQs
What is the average cost of installing solar panels in Hiram?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $18,700 for a 5-kW system and $37,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Hiram?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels eliminate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Hiram, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Hiram?
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 their energy production will have decreased significantly after that point. You can choose to replace them after having 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.