Solar Panel Cost Guide in Milledgeville, GA (2023 Update)
- Milledgeville Solar Installation Cost: $11,727
- 25-Year Savings: $23,970
- Payback Period: 8.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Milledgeville
Let's take a look at the average cost of solar panels in Milledgeville.
Although the national average of solar panels is $2.66 per watt, solar panels in Milledgeville typically cost around 2.55. Because a 6.6-kW system is needed to cover the energy needs of a typical home in Milledgeville, the average price of going solar will be about $11,727 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average energy use of Milledgeville homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Despite the high upfront cost, the average Milledgeville homeowner can save about $21,000 on their energy bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a top solar company in Milledgeville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Milledgeville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,300 |
| 3 years | $-7,444 |
| 5 years | $-4,588 |
| 7 years | $-1,732 |
| 9 years | $1,124 |
| 11 years | $3,979 |
| 13 years | $6,835 |
| 15 years | $9,691 |
| 17 years | $12,547 |
| 19 years | $15,402 |
| 21 years | $18,258 |
| 23 years | $21,114 |
| 25 years | $23,970 |
Top Solar Installers in Milledgeville
When making the switch to solar, many homeowners decide to hire a solar installer since putting up solar panels yourself can be a challenging project. Another benefit of utilizing a solar company is that they can help you maximize your ROI by lowering your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
There are various licensed solar professionals that can take care of your solar installation project. 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 Milledgeville
Factors that Affect Solar Panel Costs in Milledgeville
There are several factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. There are many different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Milledgeville offer solar loans, which reduce your upfront costs of installing solar panels. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can impact how much you pay. Milledgeville's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $2.65 | $11,138 | $21,453 | 8.5 years |
| 8 kW | $2.60 | $14,566 | $28,889 | 8.4 years |
| 10 kW | $2.55 | $17,850 | $36,469 | 8.2 years |
| 12 kW | $2.50 | $20,992 | $44,191 | 8.1 years |
| 14 kW | $2.45 | $23,990 | $52,056 | 7.9 years |
| 16 kW | $2.40 | $26,846 | $60,064 | 7.7 years |
| 18 kW | $2.35 | $29,560 | $68,214 | 7.6 years |
| 20 kW | $2.29 | $32,130 | $76,508 | 7.4 years |
How to Save on Solar Panels
The solar company you go with will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Solar Panel Brands: The type of solar panel you want to install plays a part in which company you should opt for, since different companies provide different panels.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- Contract: Before you sign a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're unsure 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: Solar installers that have great reviews from their customers and that have been operating for many years most 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 Milledgeville, GA Solar Cost FAQs
How much does it cost to install solar panels in Milledgeville?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally 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 cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Milledgeville?
You can't get solar panels for free in Milledgeville. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Milledgeville?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.