Solar Panel Cost Guide in Loganville, GA (Mar 2023)
- Loganville Solar Installation Cost: $12,049
- 25-Year Savings: $20,718
- Payback Period: 9.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Loganville
We go over average solar pricing in Loganville.
In Loganville, solar panels cost about 2.55 per watt on average. The average Loganville homeowner needs a 6.8-kilowatt system, which would cost about $12,049 with the federal tax credit, or $17,230 before the 30% tax credit is applied.
How much you pay can go higher or lower than the average in Loganville based on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire. But, once you've paid the initial cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on energy bills.
Click the button below to get connected to a top solar company in your area for a customized estimate.
Solar savings over time in Loganville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,738 |
| 3 years | $-8,117 |
| 5 years | $-5,496 |
| 7 years | $-2,874 |
| 9 years | $-253 |
| 11 years | $2,368 |
| 13 years | $4,990 |
| 15 years | $7,611 |
| 17 years | $10,232 |
| 19 years | $12,854 |
| 21 years | $15,475 |
| 23 years | $18,096 |
| 25 years | $20,718 |
Top Solar Installers in Loganville
Many homeowners choose to hire a solar panel installer since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Loganville
Factors that Affect Solar Panel Costs in Loganville
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary 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 cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use 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 model of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Moreover, 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Loganville homeowners decide to finance their solar panel systems to make paying for solar more affordable. Although solar loans make switching to solar energy more accessible for Loganville homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Loganville is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Loganville know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $18,002 | 9.6 years |
| 8 kW | $2.60 | $14,566 | $24,288 | 9.4 years |
| 10 kW | $2.55 | $17,850 | $30,717 | 9.2 years |
| 12 kW | $2.50 | $20,992 | $37,288 | 9.0 years |
| 14 kW | $2.45 | $23,990 | $44,003 | 8.8 years |
| 16 kW | $2.40 | $26,846 | $50,860 | 8.6 years |
| 18 kW | $2.35 | $29,560 | $57,860 | 8.5 years |
| 20 kW | $2.29 | $32,130 | $65,003 | 8.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project completion timeline.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
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 Loganville, GA Solar Cost FAQs
How much does it cost to install solar panels in Loganville?
This is a difficult question to answer exactly, because the cost depends on a variety of 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. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Loganville?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Loganville?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.