Solar Panel Cost Guide in Holly Springs, GA (2024 Update)
- Holly Springs Solar Installation Cost: $18,038
- 25-Year Savings: $21,466
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Holly Springs
See how much it might cost to make the switch to solar in Holly Springs.
The average cost of solar panels in Holly Springs is 4 per watt.Since 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 $18,038 after claiming the federal solar tax credit of 0.
These figures are only estimates, and the cost of going solar for you may look different based on your energy needs and what company you want to go with.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Holly Springs can save about $19,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar company in Holly Springs that can help you get a more accurate cost estimate for your home.
Solar savings over time in Holly Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-16,445 |
| 3 years | $-13,258 |
| 5 years | $-10,072 |
| 7 years | $-6,885 |
| 9 years | $-3,699 |
| 11 years | $-513 |
| 13 years | $2,674 |
| 15 years | $5,860 |
| 17 years | $9,047 |
| 19 years | $12,233 |
| 21 years | $15,420 |
| 23 years | $18,606 |
| 25 years | $21,793 |
Top Solar Installers in Holly Springs
When making the switch to solar, many homeowners prefer to go with a solar installer since putting up solar panels yourself can be a time-consuming project. Also, if you’d like to maximize your investment in solar, using a solar installer can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
If you're searching for a solar company in Holly Springs, the EcoWatch team has compiled a list of our top suggestions here:
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
For many Holly Springs homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Holly Springs, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular choice because they cut back your upfront costs and let you pay for your system over five to seven years on average.It’s wise to factor 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 the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Holly Springs, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Larger national companies generally 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 extra services like electric vehicle 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 | $13,066 | 13.9 years |
| 8 kW | $3.81 | $21,363 | $17,841 | 13.6 years |
| 10 kW | $3.74 | $26,180 | $22,824 | 13.4 years |
| 12 kW | $3.67 | $30,788 | $28,018 | 13.1 years |
| 14 kW | $3.59 | $35,186 | $33,420 | 12.8 years |
| 16 kW | $3.52 | $39,375 | $39,032 | 12.6 years |
| 18 kW | $3.44 | $43,354 | $44,854 | 12.3 years |
| 20 kW | $3.37 | $47,124 | $50,885 | 12.0 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: If you care about the durability of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
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?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly 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 consumption. 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 Holly Springs?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Is going solar worth it?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
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 how much energy they produce will have decreased significantly after that point. You can choose 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.