Solar Panel Cost Guide in Lithia Springs, GA (Mar 2023)
- Lithia Springs Solar Installation Cost: $12,174
- 25-Year Savings: $20,158
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lithia Springs
Find out what the average cost of solar panel installation is in Lithia Springs.
The average cost of a solar system in Lithia Springs is 2.55 per watt. Because a 6.8-kW system is needed to cover the energy consumption of a typical home in Lithia Springs, the average price of going solar will be about $12,174 after claiming the federal solar tax credit of 30%.
These figures are just averages, and your own solar costs will vary based on your energy needs and what company you want to go with. Even with the significant initial cost, the average Lithia Springs homeowner can save about $18,000 on their electricity bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a top solar panel company in your area for a personalized quote.
Solar savings over time in Lithia Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-10,880 |
| 3 years | $-8,294 |
| 5 years | $-5,707 |
| 7 years | $-3,121 |
| 9 years | $-534 |
| 11 years | $2,052 |
| 13 years | $4,639 |
| 15 years | $7,226 |
| 17 years | $9,812 |
| 19 years | $12,399 |
| 21 years | $14,985 |
| 23 years | $17,572 |
| 25 years | $20,158 |
Top Solar Installers in Lithia Springs
Many homeowners choose to use a solar installer since figuring out how to install solar panels by yourself can be a lot of work. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Lithia Springs:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
There are several factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,550. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Lithia Springs average.
Solar Financing Terms
Many homeowners find the average cost of solar in Lithia Springs to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Lithia Springs, and each can charge different amounts for labor and equipment. Larger national companies usually 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 | $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
Since the model of solar panels and the installer you choose greatly influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The brand of solar panel you need to install plays a role in which installer you should go with, since different companies have access to different panels.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: When looking over 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 like a system part breaking or the company going out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.