Solar Panel Cost Guide in Mcdonough, GA (Oct 2022)

  • Mcdonough Solar Installation Cost: $11,906
  • 25-Year Savings: $19,449
  • Payback Period: 9.5 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Mcdonough

Find out what the average cost of solar panel installation is in Mcdonough.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Mcdonough, the average cost of a solar system is $3 per watt. To cover the typical energy needs of the average home in Mcdonough, most homeowners require a 6.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,906, or $8,810 after the federal solar tax credit of 30% is applied.

These figures are just averages, and the cost of going solar for you will most likely differ based on your energy needs and what company you go with. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Mcdonough can save around $18,000 on their power bills over 20 years.

You can click the button below to get connected with a vetted solar installer in Mcdonough for a quote for your home.

Solar savings over time in Mcdonough

Year Return on Investment
1 years $-10,652
3 years $-8,143
5 years $-5,635
7 years $-3,127
9 years $-618
11 years $1,890
13 years $4,398
15 years $6,907
17 years $9,415
19 years $11,923
21 years $14,432
23 years $16,940
25 years $19,449

Top Solar Installers in Mcdonough

Although it's possible to install solar panels on your own, it involves extra labor and knowledge. Because of that, the majority of homeowners choose to go with a solar panel installer. A solar company can also help save you money over time by providing warranties, repairs and component replacements.

There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 Mcdonough

Factors that Affect Solar Panel Costs in Mcdonough

Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Mcdonough: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.

Solar Equipment Size

The cost of solar panels varies by thousands of dollars due to a few different factors. One of the main factors is the system size. Solar power systems with better efficiency or power generation need 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 brand and type of equipment you choose for your solar system can raise or lower 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Most solar companies in Mcdonough have solar loans, which reduce the initial cost of installing solar. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar company you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating in Mcdonough, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.

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 $17,067 9.9 years
8 kW $2.60 $14,566 $23,041 9.7 years
10 kW $2.55 $17,850 $29,158 9.5 years
12 kW $2.50 $20,992 $35,419 9.3 years
14 kW $2.45 $23,990 $41,821 9.1 years
16 kW $2.40 $26,846 $48,367 8.9 years
18 kW $2.35 $29,560 $55,056 8.7 years
20 kW $2.29 $32,130 $61,887 8.5 years

Solar Incentives in Mcdonough

Name Biomass Sales and Use Tax Exemption
Incentive Amount 100% exemption
More Info Click here

Name Central Georgia EMC - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Georgia Power - Home Energy Efficiency Improvement Program
Website Visit here
More Info Click here

Name Central Georgia EMC - Residential Energy Efficiency Home Plus Loan Program
Incentive Amount
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

There are a large number of companies available in Mcdonough, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:

  • Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
  • Contract: Before signing a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
  • Solar Panel Brands: Different companies have different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you're considering has it.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Mcdonough, GA Solar Cost FAQs

How much does it cost to install solar panels in Mcdonough?

The average cost of solar panels in Mcdonough 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 things such as the type of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Mcdonough?

Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.

Is it worth going solar in Mcdonough?

Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.

How long do solar panels last in Mcdonough?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.

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.

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