Solar Panel Cost Guide in Lovejoy, GA (2024 Update)
- Lovejoy Solar Installation Cost: $17,591
- 25-Year Savings: $20,553
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Lovejoy
Find out what the average cost of solar panel installation is in Lovejoy.
The average cost of a solar system in Lovejoy is 4 per watt.Since a 6.7-kW system is needed to cover the energy usage of a typical home in Lovejoy, the average price of going solar will be about $17,591 after claiming the federal solar tax credit of 0.
These figures are just averages, and the cost of going solar for you will most likely vary based on your specific situation and what company you go with.But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $18,000 over 20 years on electricity bills.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lovejoy
| Year | Return on Investment |
|---|---|
| 1 years | $-15,998 |
| 3 years | $-12,811 |
| 5 years | $-9,625 |
| 7 years | $-6,439 |
| 9 years | $-3,252 |
| 11 years | $-66 |
| 13 years | $3,121 |
| 15 years | $6,307 |
| 17 years | $9,494 |
| 19 years | $12,680 |
| 21 years | $15,867 |
| 23 years | $19,053 |
| 25 years | $22,240 |
Top Solar Installers in Lovejoy
Trying to put up solar panels by yourself can be a stressful project, which is why getting a solar installer is a good option for many homeowners. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
See all of the solar companies in Lovejoy
Factors that Affect Solar Panel Costs in Lovejoy
The cost of installing a solar system in Lovejoy can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater 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
Most solar installers in Lovejoy have solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also increases your total costs, so it’s important to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Lovejoy, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that provides the products, warranties and services you’re looking for and also fits within your budget.
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 | $12,726 | 14.1 years |
| 8 kW | $3.81 | $21,363 | $17,387 | 13.8 years |
| 10 kW | $3.74 | $26,180 | $22,257 | 13.5 years |
| 12 kW | $3.67 | $30,788 | $27,337 | 13.2 years |
| 14 kW | $3.59 | $35,186 | $32,626 | 13.0 years |
| 16 kW | $3.52 | $39,375 | $38,125 | 12.7 years |
| 18 kW | $3.44 | $43,354 | $43,833 | 12.4 years |
| 20 kW | $3.37 | $47,124 | $49,750 | 12.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Lovejoy, GA Solar Cost FAQs
What is the average cost of installing solar panels in Lovejoy?
The average cost of solar panels in Lovejoy is about $18,700 for a 5-kW system and $37,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Lovejoy?
A solar panel system isn’t free in Lovejoy, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Lovejoy?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
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 larger 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.