Solar Panel Cost Guide in Jonesboro, GA (2023 Update)
- Jonesboro Solar Installation Cost: $11,995
- 25-Year Savings: $20,864
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Jonesboro
Let's have a look at the average cost of solar panels in Jonesboro.
Although the national average of solar panels is $2.66 per watt, solar panels in Jonesboro typically cost around 2.55. The average Jonesboro homeowner needs a 6.7-kilowatt system, which would cost about $11,995 with the federal tax credit, or $17,153 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary based on several factors, such as how many panels you need, your energy consumption and what solar installer you go with. Despite the high upfront cost, the average Jonesboro homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Jonesboro
| Year | Return on Investment |
|---|---|
| 1 years | $-10,681 |
| 3 years | $-8,052 |
| 5 years | $-5,423 |
| 7 years | $-2,795 |
| 9 years | $-166 |
| 11 years | $2,463 |
| 13 years | $5,092 |
| 15 years | $7,720 |
| 17 years | $10,349 |
| 19 years | $12,978 |
| 21 years | $15,607 |
| 23 years | $18,235 |
| 25 years | $20,864 |
Top Solar Installers in Jonesboro
Although it's possible to install solar panels by yourself, it involves extra effort and handiness. That's one of the reasons the majority of homeowners choose a solar panel installer. A solar company can also help save you money in the long run by offering warranties, repairs and system component replacements.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:
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 Jonesboro
Factors that Affect Solar Panel Costs in Jonesboro
There are many criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Jonesboro to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to paying more over time because of interest. However, the interest on solar loans also adds to your overall costs, so it's important to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can play a part in determining your pricing. Jonesboro's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $18,203 | 9.5 years |
| 8 kW | $2.60 | $14,566 | $24,556 | 9.3 years |
| 10 kW | $2.55 | $17,850 | $31,052 | 9.1 years |
| 12 kW | $2.50 | $20,992 | $37,691 | 8.9 years |
| 14 kW | $2.45 | $23,990 | $44,473 | 8.8 years |
| 16 kW | $2.40 | $26,846 | $51,397 | 8.6 years |
| 18 kW | $2.35 | $29,560 | $58,464 | 8.4 years |
| 20 kW | $2.29 | $32,130 | $65,674 | 8.2 years |
How to Save on Solar Panels
There are many companies to choose from in Jonesboro, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Contract: Before you sign a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: When going solar, it's essential to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While 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 make sure you peruse their list of offerings before deciding.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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 Jonesboro, GA Solar Cost FAQs
How much does it cost to install solar panels in Jonesboro?
This is a tough question to answer exactly, 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 be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Jonesboro?
You can't get solar panels for free in Jonesboro. 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 prefer to own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Jonesboro is currently $123,338, so you can expect a value of about $5,057 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Jonesboro is a rewarding investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.