Solar Panel Cost Guide in Morrow, GA (2024 Update)
- Morrow Solar Installation Cost: $17,591
- 25-Year Savings: $23,667
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Morrow
Let’s take a look at the average cost of solar in Morrow.
In Morrow, solar panels cost about 4 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 per-watt figure above, a solar installation costs around $17,591, or $25,155 before the federal solar tax credit of 0 is applied.
These figures are only averages, and your own solar costs may differ based on your specific situation and what company you want to go with.Even with the significant upfront cost, the average Morrow homeowner can save around $20,000 on their energy bills over 20 years, which is one of the benefits of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Morrow
| 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 Morrow
Installing solar panels by yourself can be a time-consuming project, which is why getting a solar installation company is a good option for many homeowners. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy usage, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our recommendations for providers 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 Morrow
Factors that Affect Solar Panel Costs in Morrow
For many Morrow homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Morrow, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
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 gauge the size of the solar energy system needed for your home by figuring out your energy needs.The brand of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on 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’s in your budget.
Solar Financing Terms
Solar panels can save you money on energy 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 paying for solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s vital to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.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 with an above-average cost. It’s best to do some research and go with the company that offers the products, warranties and services you want and also fit into 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 | $15,506 | 12.8 years |
| 8 kW | $3.81 | $21,363 | $21,094 | 12.6 years |
| 10 kW | $3.74 | $26,180 | $26,891 | 12.3 years |
| 12 kW | $3.67 | $30,788 | $32,898 | 12.1 years |
| 14 kW | $3.59 | $35,186 | $39,114 | 11.8 years |
| 16 kW | $3.52 | $39,375 | $45,539 | 11.6 years |
| 18 kW | $3.44 | $43,354 | $52,174 | 11.3 years |
| 20 kW | $3.37 | $47,124 | $59,019 | 11.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in Morrow, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: If you’re concerned about the longevity of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
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 Morrow, GA Solar Cost FAQs
How much does it cost to install solar panels in Morrow?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $18,700 for a 5-kW system and $37,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Morrow?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How will installing solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Morrow is currently $232,997, which means you can expect a value of about $9,553 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Morrow is a rewarding investment.
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 goes down 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.