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.
In Newnan, solar panels cost about 4 per watt on average.The average solar panel system size in Newnan is around 6.7 kilowatts, meaning a cost of about $17,648 for a solar installation, or $25,237 before the 0 federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Newnan depending on a variety of factors, such as the kind of solar panels you choose and the solar company you hire.For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $19,000 in savings on energy bills over 20 years.
Click the button below to get connected to a reputable solar panel company in Newnan for a personalized quote.
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
Trying to put up solar panels on your own can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. Some solar installers, particularly local ones, can help you take advantage of incentives in Newnan, therefore optimizing your ROI.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Newnan:
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 Newnan
Factors that Affect Solar Panel Costs in Newnan
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Newnan: 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 cost of solar panels varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,740.There are a lot of different solar panel brands and the one you choose also affects the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Newnan offer solar loans, which reduce your upfront costs of installing solar panels.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you choose will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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
The solar panel company you go with will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:
- Warranty: A quality company rises above other companies by providing 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 respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: When looking over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of options before making your decision.
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 Newnan, GA Solar Cost FAQs
How much does it cost to install solar panels in Newnan?
This is a tough question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Newnan?
Leasing solar panels can be an option if you are unable to 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 having solar panels impact the value of my home?
Solar panels can increase your home value remarkably 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 a solar system."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.