Solar Panel Cost Guide in Loganville, GA (2024 Update)
- Loganville Solar Installation Cost: $17,663
- 25-Year Savings: $20,724
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Loganville
See how much it might cost to go solar in Loganville.
The average cost of a solar panel system in Loganville is 4 per watt.The average Loganville homeowner needs a 6.7-kilowatt system, which would cost about $17,663 with the federal tax credit, or $25,258 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy use, the type of equipment you want, your solar contractor and more.With typical savings of about $18,000 on power bills over 20 years, many homeowners in Loganville find going solar can pay off big.
Click the button below to get connected to a top solar installer in your area for a custom estimate.
Solar savings over time in Loganville
Year | Return on Investment |
---|---|
1 years | $-16,069 |
3 years | $-12,883 |
5 years | $-9,696 |
7 years | $-6,510 |
9 years | $-3,323 |
11 years | $-137 |
13 years | $3,049 |
15 years | $6,236 |
17 years | $9,422 |
19 years | $12,609 |
21 years | $15,795 |
23 years | $18,982 |
25 years | $22,168 |
Top Solar Installers in Loganville
When switching to solar energy, many homeowners choose to go with a solar installation company since installing solar panels yourself can be a challenging project. Another perk of working with a solar installer is that they can help you make the most of your investment by bringing down your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
If you're looking for a solar company in Loganville, we've organized 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 Loganville
Factors that Affect Solar Panel Costs in Loganville
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Loganville: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,740. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. Additionally, 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
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Loganville, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.Even though solar loans make going solar more accessible for Loganville homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment 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 | $3.89 | $16,336 | $12,804 | 14.0 years |
8 kW | $3.81 | $21,363 | $17,490 | 13.7 years |
10 kW | $3.74 | $26,180 | $22,387 | 13.5 years |
12 kW | $3.67 | $30,788 | $27,492 | 13.2 years |
14 kW | $3.59 | $35,186 | $32,807 | 12.9 years |
16 kW | $3.52 | $39,375 | $38,332 | 12.7 years |
18 kW | $3.44 | $43,354 | $44,066 | 12.4 years |
20 kW | $3.37 | $47,124 | $50,009 | 12.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
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 Loganville, GA Solar Cost FAQs
What is the average cost of installing solar panels in Loganville?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally 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 higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Loganville?
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 don’t have access to 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.
How will installing solar panels impact my home value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
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 house 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.