Solar Panel Cost Guide in Moultrie, GA (2023 Update)
- Moultrie Solar Installation Cost: $11,498
- 25-Year Savings: $23,956
- Payback Period: 8.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Moultrie
Find out what the average cost of installing solar panels is in Moultrie.
Although the national average of solar panels is $2.66 per watt, solar panels in Moultrie typically cost about 2.55. To cover the typical energy usage of the average home in Moultrie, most homeowners require a 6.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,495, or $16,438 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of solar system you choose, your solar contractor and more. Despite the large initial cost, the average Moultrie homeowner can save around $21,000 on their energy bills over 20 years, which is one of the advantages of solar.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Moultrie
| Year | Return on Investment |
|---|---|
| 1 years | $-11,380 |
| 3 years | $-11,144 |
| 5 years | $-10,908 |
| 7 years | $-10,671 |
| 9 years | $-10,435 |
| 11 years | $-10,198 |
| 13 years | $-9,962 |
| 15 years | $-9,726 |
| 17 years | $-9,489 |
| 19 years | $-9,253 |
| 21 years | $-9,017 |
| 23 years | $-8,780 |
| 25 years | $-8,544 |
Top Solar Installers in Moultrie
When going solar, many homeowners opt to use a solar company since installing solar panels yourself can be a time-consuming project. Some solar installers, particularly local ones, can help you better understand incentives in Moultrie, thereby optimizing your ROI.
If you're on the hunt for a solar installer in Moultrie, the EcoWatch team has organized a list of our top suggestions here:
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 Moultrie
Factors that Affect Solar Panel Costs in Moultrie
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Moultrie: 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
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,550. The brand of solar panels and equipment you choose is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment consists of more than 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 searching for a solar system that's in your budget.
Solar Financing Terms
Most solar companies in Moultrie provide solar loans, which reduce the initial cost of installing solar panels. Even though solar loans make adopting solar energy more accessible for Moultrie homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Moultrie is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $21,885 | 8.4 years |
| 8 kW | $2.60 | $14,566 | $29,466 | 8.3 years |
| 10 kW | $2.55 | $17,850 | $37,189 | 8.1 years |
| 12 kW | $2.50 | $20,992 | $45,055 | 7.9 years |
| 14 kW | $2.45 | $23,990 | $53,064 | 7.8 years |
| 16 kW | $2.40 | $26,846 | $61,216 | 7.6 years |
| 18 kW | $2.35 | $29,560 | $69,511 | 7.5 years |
| 20 kW | $2.29 | $32,130 | $77,948 | 7.3 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining 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 several important things you should take into account, such as:
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Contract: Before you sign a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 Moultrie, GA Solar Cost FAQs
How much does it cost to install solar panels in Moultrie?
This is a hard question to answer precisely, because the cost depends on many 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 extra solar equipment or higher quality 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 less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will solar panels impact my property value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Moultrie?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can 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.