Solar Panel Cost Guide in Newnan, GA (2024 Update)
- Newnan Solar Installation Cost: $17,648
- 25-Year Savings: $20,999
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Newnan
Find out how much it might cost to switch to solar power in Newnan.
The average cost of a solar panel system in Newnan is 4 per watt.Since a 6.7-kW system is needed to cover the energy costs of a typical home in Newnan, the average price of going solar will be about $17,648 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more.With typical savings of about $19,000 on utility bills over 20 years, many homeowners in Newnan find installing solar panels can pay off big.
To receive a free quote from a pre-vetted solar installation company in Newnan, you can click the button below.
Solar savings over time in Newnan
| Year | Return on Investment |
|---|---|
| 1 years | $-16,087 |
| 3 years | $-12,965 |
| 5 years | $-9,843 |
| 7 years | $-6,721 |
| 9 years | $-3,599 |
| 11 years | $-476 |
| 13 years | $2,646 |
| 15 years | $5,768 |
| 17 years | $8,890 |
| 19 years | $12,012 |
| 21 years | $15,134 |
| 23 years | $18,256 |
| 25 years | $21,378 |
Top Solar Installers in Newnan
When making the switch to solar, many homeowners prefer to go with a solar installation company since putting up a solar system yourself can be a time-consuming project. In addition, if you’d like to maximize your investment in solar, using a solar installer can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Newnan
Factors that Affect Solar Panel Costs in Newnan
For many Newnan homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Newnan, 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
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, you can expect your total to increase by nearly $3,740. The model of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Further, solar equipment is more than 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
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Newnan, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your total costs, so it’s crucial to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Newnan is the company you get to install your solar system. As with choosing a company to build a deck or pool, for example, you’ll have many options for solar installers that provide a range of services for different budgets.Additionally, some companies in Newnan are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $3.89 | $16,336 | $13,064 | 13.9 years |
| 8 kW | $3.81 | $21,363 | $17,838 | 13.6 years |
| 10 kW | $3.74 | $26,180 | $22,821 | 13.4 years |
| 12 kW | $3.67 | $30,788 | $28,014 | 13.1 years |
| 14 kW | $3.59 | $35,186 | $33,416 | 12.8 years |
| 16 kW | $3.52 | $39,375 | $39,027 | 12.6 years |
| 18 kW | $3.44 | $43,354 | $44,848 | 12.3 years |
| 20 kW | $3.37 | $47,124 | $50,879 | 12.0 years |
How to Save on Solar Panels
There are many companies available in Newnan, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you’re concerned about the longevity of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Newnan, GA Solar Cost FAQs
How much does it cost to install solar panels in Newnan?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $18,700 for a 5-kW system and $37,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Newnan?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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 financial benefits from going solar.
Do solar panels increase the value of your home?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t choose 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."
What solar power system size is right for 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 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 buy between 20 and 35 panels to account for 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.