Solar Panel Cost Guide in Locust Grove, GA (2023 Update)
- Locust Grove Solar Installation Cost: $11,906
- 25-Year Savings: $18,920
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Locust Grove
Let's have a look at the average cost of solar panels in Locust Grove.
In Locust Grove, solar panels cost about 2.55 per watt on average. Using this figure, a typical 6.7-kW system would cost about $11,906 before the 30% federal solar tax credit is applied.
The true cost of your system can be above or below the average in Locust Grove depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire. Even with the large initial cost, the average Locust Grove homeowner can save around $18,000 on their energy bills over 20 years, which is one of the advantages of solar.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Locust Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-10,673 |
| 3 years | $-8,207 |
| 5 years | $-5,741 |
| 7 years | $-3,275 |
| 9 years | $-809 |
| 11 years | $1,657 |
| 13 years | $4,124 |
| 15 years | $6,590 |
| 17 years | $9,056 |
| 19 years | $11,522 |
| 21 years | $13,988 |
| 23 years | $16,454 |
| 25 years | $18,920 |
Top Solar Installers in Locust Grove
When going solar, many homeowners opt to use a solar installer since handling can be a challenging project. Also, companies with a good reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are a number of 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 Locust Grove
Factors that Affect Solar Panel Costs in Locust Grove
Even though the average cost of a solar system in Locust Grove is $11,906, your final cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable 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 panels and equipment you choose is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Locust Grove homeowners decide to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also adds to your total costs, so it's vital to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Locust Grove is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services at different price points. Additionally, some companies in Locust Grove have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $16,591 | 10.0 years |
| 8 kW | $2.60 | $14,566 | $22,407 | 9.8 years |
| 10 kW | $2.55 | $17,850 | $28,366 | 9.7 years |
| 12 kW | $2.50 | $20,992 | $34,468 | 9.5 years |
| 14 kW | $2.45 | $23,990 | $40,712 | 9.3 years |
| 16 kW | $2.40 | $26,846 | $47,099 | 9.1 years |
| 18 kW | $2.35 | $29,560 | $53,629 | 8.9 years |
| 20 kW | $2.29 | $32,130 | $60,302 | 8.7 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Locust Grove, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- 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 such as a system component breaking or if the company goes out of business.
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 Locust Grove, GA Solar Cost FAQs
What is the average cost of installing solar panels in Locust Grove?
The average cost of solar panels in Locust Grove is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Locust Grove?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The drawback 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 maximize your savings.
Can solar panels eliminate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Locust Grove, 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 many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.