Solar Panel Cost Guide in Lithia Springs, GA (2023 Update)
- Lithia Springs Solar Installation Cost: $12,166
- 25-Year Savings: $20,166
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lithia Springs
Let's take a look at the average cost of solar in Lithia Springs.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lithia Springs, the average cost of a solar system is 2.55 per watt. The average solar panel system size in Lithia Springs is around 6.8 kilowatts, meaning a cost of about $12,174 for a solar installation, or $17,409 before the 30% federal solar tax credit is applied.
How much you pay can go above or below the average in Lithia Springs based on a few factors, such as the type of solar panels you choose and the solar company you hire. With typical savings of about $18,000 on electricity bills over 20 years, many homeowners in Lithia Springs find investing in solar has a decent ROI.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lithia Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-10,572 |
| 3 years | $-7,386 |
| 5 years | $-4,199 |
| 7 years | $-1,013 |
| 9 years | $2,174 |
| 11 years | $5,360 |
| 13 years | $8,546 |
| 15 years | $11,733 |
| 17 years | $14,919 |
| 19 years | $18,106 |
| 21 years | $21,292 |
| 23 years | $24,479 |
| 25 years | $27,665 |
Top Solar Installers in Lithia Springs
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Using a solar panel installer can make your swap to solar power much easier. Also, companies with a high reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 Lithia Springs
Factors that Affect Solar Panel Costs in Lithia Springs
For many Lithia Springs homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Lithia Springs, with typical prices between $20,000 to $40,000. There are several factors that greatly 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 influences the overall cost of going solar. That's why it's important to accurately assess 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 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a popular choice because they decrease your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also adds to your all-in costs, so it's crucial to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar installation companies in Lithia Springs, and each can charge varying amounts for labor and equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, 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 | $17,325 | 9.8 years |
| 8 kW | $2.60 | $14,566 | $23,385 | 9.6 years |
| 10 kW | $2.55 | $17,850 | $29,589 | 9.4 years |
| 12 kW | $2.50 | $20,992 | $35,935 | 9.2 years |
| 14 kW | $2.45 | $23,990 | $42,424 | 9.0 years |
| 16 kW | $2.40 | $26,846 | $49,056 | 8.8 years |
| 18 kW | $2.35 | $29,560 | $55,830 | 8.7 years |
| 20 kW | $2.29 | $32,130 | $62,748 | 8.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Read the contract terms carefully to make sure you understand the overall cost, project timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. 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
EcoWatch's Lithia Springs, GA Solar Cost FAQs
What is the average cost of installing solar panels in Lithia Springs?
This is a difficult 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 consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $948.78 per year.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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 home 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.