Solar Panel Cost Guide in Holly Springs, GA (2023 Update)
- Holly Springs Solar Installation Cost: $12,299
- 25-Year Savings: $21,466
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Holly Springs
Let's take a look at the average cost of solar panels in Holly Springs.
The national average cost of solar panels is $2.66 per watt, but in Holly Springs it's 2.55 per watt. Because a 6.9-kW system is needed to cover the energy consumption of a typical home in Holly Springs, the average price of going solar will be about $12,299 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with. With typical savings of about $19,000 on electricity bills over 20 years, many homeowners in Holly Springs find going solar can be quite rewarding.
You can click the button below to get connected with a pre-vetted solar company in Holly Springs for a quote for your home.
Solar savings over time in Holly Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-10,948 |
| 3 years | $-8,247 |
| 5 years | $-5,546 |
| 7 years | $-2,845 |
| 9 years | $-143 |
| 11 years | $2,558 |
| 13 years | $5,259 |
| 15 years | $7,960 |
| 17 years | $10,661 |
| 19 years | $13,362 |
| 21 years | $16,064 |
| 23 years | $18,765 |
| 25 years | $21,466 |
Top Solar Installers in Holly Springs
Although you can install solar panels yourself, it requires extra energy and expertise. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. Companies can also have access to quality options of the best solar panels and help you pick which one will be best for your home.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Holly Springs
Factors that Affect Solar Panel Costs in Holly Springs
The cost of installing a solar system in Holly Springs can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $2,550 per kilowatt in Holly Springs. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Holly Springs homeowners decide to finance their solar panel systems to make paying for solar more affordable. Although solar loans make going solar more accessible for Holly Springs homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can impact how much it costs. Holly Springs' solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have 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 | $2.65 | $11,138 | $18,264 | 9.5 years |
| 8 kW | $2.60 | $14,566 | $24,638 | 9.3 years |
| 10 kW | $2.55 | $17,850 | $31,154 | 9.1 years |
| 12 kW | $2.50 | $20,992 | $37,814 | 8.9 years |
| 14 kW | $2.45 | $23,990 | $44,616 | 8.7 years |
| 16 kW | $2.40 | $26,846 | $51,561 | 8.6 years |
| 18 kW | $2.35 | $29,560 | $58,648 | 8.4 years |
| 20 kW | $2.29 | $32,130 | $65,879 | 8.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Installation Process: Make sure you're aligned with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
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 Holly Springs, GA Solar Cost FAQs
How much does it cost to install solar panels in Holly Springs?
The average cost of solar panels in Holly Springs is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Holly Springs?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The downside 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 significantly reduce my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Holly Springs, 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 often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.