Solar Panel Cost Guide in Montgomery, GA (2023 Update)
- Montgomery Solar Installation Cost: $10,886
- 25-Year Savings: $24,775
- Payback Period: 7.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Montgomery
Here's how much it might cost to go solar in Montgomery.
While the national average of solar panels is $2.66 per watt, solar panels in Montgomery typically cost around 2.55. Since a 6.1-kW system is needed to cover the energy consumption of a typical home in Montgomery, the average price of going solar will be about $10,888 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and the cost of going solar for you may look different based on your energy needs and what company you choose to go with. But, after you've paid the initial cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $22,000 over 20 years on energy bills.
To receive a free estimate from a top solar installer in Montgomery, you can click the button below.
Solar savings over time in Montgomery
| Year | Return on Investment |
|---|---|
| 1 years | $-10,767 |
| 3 years | $-10,529 |
| 5 years | $-10,291 |
| 7 years | $-10,054 |
| 9 years | $-9,816 |
| 11 years | $-9,578 |
| 13 years | $-9,340 |
| 15 years | $-9,103 |
| 17 years | $-8,865 |
| 19 years | $-8,627 |
| 21 years | $-8,390 |
| 23 years | $-8,152 |
| 25 years | $-7,914 |
Top Solar Installers in Montgomery
Many homeowners choose to use a solar panel company since figuring out how to install solar panels by yourself can be hard. Companies can also provide access to quality options of the best solar panels and help you choose which one will be right for your home.
There are several 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 Montgomery
Factors that Affect Solar Panel Costs in Montgomery
While the average cost of a solar system in Montgomery is $10,888, your final cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Montgomery average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Montgomery homeowners decide to finance their solar panel systems to make paying for solar more affordable. 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 getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you choose will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, 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 | $23,946 | 7.9 years |
| 8 kW | $2.60 | $14,566 | $32,214 | 7.8 years |
| 10 kW | $2.55 | $17,850 | $40,624 | 7.6 years |
| 12 kW | $2.50 | $20,992 | $49,177 | 7.5 years |
| 14 kW | $2.45 | $23,990 | $57,873 | 7.3 years |
| 16 kW | $2.40 | $26,846 | $66,712 | 7.2 years |
| 18 kW | $2.35 | $29,560 | $75,694 | 7.0 years |
| 20 kW | $2.29 | $32,130 | $84,818 | 6.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- 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 that kind of warranty is one indication of a quality company.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you want a specific brand, make sure the solar company you're considering has it.
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 Montgomery, GA Solar Cost FAQs
How much does it cost to install solar panels in Montgomery?
The average cost of solar panels in Montgomery 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Montgomery?
You can't get solar panels for free in Montgomery. 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 want to own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't opt for 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 solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 get 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.