Solar Panel Cost Guide in Peachtree City, GA (2024 Update)
- Peachtree City Solar Installation Cost: $17,590
- 25-Year Savings: $20,869
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Peachtree City
Find out what the average cost of installing solar panels is in Peachtree City.
The average cost of solar panels in Peachtree City is 4 per watt.The average solar panel system size in Peachtree City is around 6.7 kilowatts, meaning a cost of about $17,590 for a solar installation, or $25,154 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with.Even with the significant initial cost, the average Peachtree City homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To get a free quote from a vetted solar installation company in Peachtree City, you can click the button below.
Solar savings over time in Peachtree City
| Year | Return on Investment |
|---|---|
| 1 years | $-16,078 |
| 3 years | $-13,052 |
| 5 years | $-10,027 |
| 7 years | $-7,001 |
| 9 years | $-3,976 |
| 11 years | $-951 |
| 13 years | $2,075 |
| 15 years | $5,100 |
| 17 years | $8,126 |
| 19 years | $11,151 |
| 21 years | $14,176 |
| 23 years | $17,202 |
| 25 years | $20,227 |
Top Solar Installers in Peachtree City
Many homeowners decide to use a solar panel installer since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over time.
You can get a free quote from a local solar installer on how much your investment in solar 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 Peachtree City
Factors that Affect Solar Panel Costs in Peachtree City
There are a number of criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,740. The type of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider 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
If paying for solar panels out of pocket is too expensive, solar loans are a solid option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also increases your all-in costs, so it’s important to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Peachtree City is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that provide a range of services for different budgets.The company’s size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $13,009 | 13.9 years |
| 8 kW | $3.81 | $21,363 | $17,764 | 13.6 years |
| 10 kW | $3.74 | $26,180 | $22,729 | 13.4 years |
| 12 kW | $3.67 | $30,788 | $27,903 | 13.1 years |
| 14 kW | $3.59 | $35,186 | $33,286 | 12.8 years |
| 16 kW | $3.52 | $39,375 | $38,879 | 12.6 years |
| 18 kW | $3.44 | $43,354 | $44,682 | 12.3 years |
| 20 kW | $3.37 | $47,124 | $50,694 | 12.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Peachtree City, GA Solar Cost FAQs
What is the average cost of installing solar panels in Peachtree City?
This is a tough question to answer precisely, 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. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Peachtree City?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can you sell solar power back to the grid in Peachtree City?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Peachtree City?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to 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.