Solar Panel Cost Guide in Hiram, GA (2023 Update)
- Hiram Solar Installation Cost: $12,299
- 25-Year Savings: $20,715
- Payback Period: 9.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hiram
Find out what the average cost of solar panels are in Hiram.
Although the national average of solar panels is $2.66 per watt, solar panels in Hiram typically cost about 2.55. To account for the typical energy usage of the average home in Hiram, most homeowners require a 6.9-kilowatt system. Using the figure above, a solar installation costs about $12,299, or $17,588 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and how much solar costs for you will most likely look different based on the amount of energy your home requires and what company you go with. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Hiram see about $18,000 in savings on energy bills over 20 years.
Click the button below to get connected to a top solar installer in your area for a customized estimate.
Solar savings over time in Hiram
| Year | Return on Investment |
|---|---|
| 1 years | $-10,978 |
| 3 years | $-8,337 |
| 5 years | $-5,696 |
| 7 years | $-3,055 |
| 9 years | $-414 |
| 11 years | $2,227 |
| 13 years | $4,868 |
| 15 years | $7,509 |
| 17 years | $10,151 |
| 19 years | $12,792 |
| 21 years | $15,433 |
| 23 years | $18,074 |
| 25 years | $20,715 |
Top Solar Installers in Hiram
Although it's possible to install solar panels yourself, it requires extra energy and know-how. That's one of the reasons most homeowners choose to go with a solar panel installer. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be best for you.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost 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 Hiram
Factors that Affect Solar Panel Costs in Hiram
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average 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
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require 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 $2,550. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 more 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
Many homeowners find the average cost of solar in Hiram to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. Though solar loans make switching to solar energy more accessible for Hiram homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you pick will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $2.65 | $11,138 | $17,604 | 9.7 years |
| 8 kW | $2.60 | $14,566 | $23,757 | 9.5 years |
| 10 kW | $2.55 | $17,850 | $30,053 | 9.3 years |
| 12 kW | $2.50 | $20,992 | $36,492 | 9.1 years |
| 14 kW | $2.45 | $23,990 | $43,074 | 8.9 years |
| 16 kW | $2.40 | $26,846 | $49,799 | 8.8 years |
| 18 kW | $2.35 | $29,560 | $56,667 | 8.6 years |
| 20 kW | $2.29 | $32,130 | $63,677 | 8.4 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Warranty: If you care about the durability of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
- Reputation: Make sure your solar panel installer 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 EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before deciding.
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 Hiram, GA Solar Cost FAQs
What is the average cost of installing solar panels in Hiram?
This is a tough question to answer precisely, because the cost depends on a variety of 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. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Hiram?
You can't get solar panels for free in Hiram. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Does Hiram have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.