Solar Panel Cost Guide in Norcross, GA (2023 Update)
- Norcross Solar Installation Cost: $12,102
- 25-Year Savings: $20,874
- Payback Period: 9.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Norcross
Find out what the average cost of installing solar panels is in Norcross.
The average cost of a solar panel system in Norcross is 2.55 per watt. The average Norcross homeowner needs a 6.8-kilowatt system, which would cost about $12,102 with the federal tax credit, or $17,306 before the 30% tax credit is applied.
The true cost of your system can go above or below the average in Norcross based on several factors, such as the type of solar panels you choose and the solar contractor you hire. With typical savings of about $18,000 on electricity bills over 20 years, many homeowners in Norcross find investing in solar has a decent ROI.
Click the button below to get connected to a vetted solar company in your area for a custom estimate.
Solar savings over time in Norcross
| Year | Return on Investment |
|---|---|
| 1 years | $-10,783 |
| 3 years | $-8,145 |
| 5 years | $-5,507 |
| 7 years | $-2,869 |
| 9 years | $-231 |
| 11 years | $2,407 |
| 13 years | $5,045 |
| 15 years | $7,684 |
| 17 years | $10,322 |
| 19 years | $12,960 |
| 21 years | $15,598 |
| 23 years | $18,236 |
| 25 years | $20,874 |
Top Solar Installers in Norcross
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with a solar company can make swapping over to solar power much easier. The expertise that solar installers provide can be useful as well, particularly if you don't quite know what kind of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some 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
See all of the solar companies in Norcross
Factors that Affect Solar Panel Costs in Norcross
The cost of installing a solar system in Norcross can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need, 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 about $2,550. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Norcross average.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are an affordable option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Norcross is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, you'll have many options for solar installers that offer a range of services at different price points. Additionally, some companies in Norcross have more knowledge 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 | $18,029 | 9.5 years |
| 8 kW | $2.60 | $14,566 | $24,324 | 9.4 years |
| 10 kW | $2.55 | $17,850 | $30,762 | 9.2 years |
| 12 kW | $2.50 | $20,992 | $37,343 | 9.0 years |
| 14 kW | $2.45 | $23,990 | $44,066 | 8.8 years |
| 16 kW | $2.40 | $26,846 | $50,933 | 8.6 years |
| 18 kW | $2.35 | $29,560 | $57,942 | 8.4 years |
| 20 kW | $2.29 | $32,130 | $65,094 | 8.3 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Reputation: Companies that have been in business for many years likely have a solid 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 service, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it 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
EcoWatch's Norcross, GA Solar Cost FAQs
How much does it cost to install solar panels in Norcross?
The average cost of solar panels in Norcross 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact my home value?
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 long do solar panels last in Norcross?
Although 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 how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use 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.