Solar Panel Cost Guide in Morrow, GA (2023 Update)
- Morrow Solar Installation Cost: $11,994
- 25-Year Savings: $23,667
- Payback Period: 8.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Morrow
Let's take a look at the average cost of solar panels in Morrow.
In Morrow, solar panels cost about 2.55 per watt on average. To account for the typical energy usage of the average home in Morrow, most homeowners require a 6.7-kilowatt system. Using the figure above, a solar installation costs around $11,995, or $17,153 before the federal solar tax credit of 30% is applied.
How much you pay can be higher or lower than the average in Morrow based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. Even with the significant initial cost, the average Morrow homeowner can save about $20,000 on their energy bills over 20 years, which is one of the perks of solar.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Morrow
| Year | Return on Investment |
|---|---|
| 1 years | $-11,875 |
| 3 years | $-11,637 |
| 5 years | $-11,400 |
| 7 years | $-11,162 |
| 9 years | $-10,924 |
| 11 years | $-10,686 |
| 13 years | $-10,449 |
| 15 years | $-10,211 |
| 17 years | $-9,973 |
| 19 years | $-9,735 |
| 21 years | $-9,498 |
| 23 years | $-9,260 |
| 25 years | $-9,022 |
Top Solar Installers in Morrow
Although it's possible to install solar panels on your own, it requires extra labor and knowledge. For that reason, most homeowners choose to hire a solar panel installer. Companies can also have access to quality options of the best solar panels and help you decide which one will be best for your home.
If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our recommendations for providers nearby:
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 Morrow
Factors that Affect Solar Panel Costs in Morrow
The cost of installing a solar system in Morrow can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar 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 energy needs. The model of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Morrow homeowners decide to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's important to include that in your estimate 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
A final factor to consider when trying to evaluate the cost of solar for your home or business in Morrow is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for instance, you'll have many options for solar installers that provide a range of services at different costs. Additionally, some companies in Morrow know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $20,704 | 8.7 years |
| 8 kW | $2.60 | $14,566 | $27,891 | 8.6 years |
| 10 kW | $2.55 | $17,850 | $35,221 | 8.4 years |
| 12 kW | $2.50 | $20,992 | $42,694 | 8.2 years |
| 14 kW | $2.45 | $23,990 | $50,309 | 8.1 years |
| 16 kW | $2.40 | $26,846 | $58,068 | 7.9 years |
| 18 kW | $2.35 | $29,560 | $65,969 | 7.7 years |
| 20 kW | $2.29 | $32,130 | $74,013 | 7.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- 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 solid reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
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 Morrow, GA Solar Cost FAQs
What is the average cost of installing solar panels in Morrow?
The average cost of solar panels in Morrow is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Morrow?
Solar panels aren't free in Morrow, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Morrow, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Morrow?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.