Solar Panel Cost Guide in Peachtree City, GA (2023 Update)
- Peachtree City Solar Installation Cost: $11,995
- 25-Year Savings: $20,867
- Payback Period: 9.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Peachtree City
Find out what the average cost of solar panel installation is in Peachtree City.
In Peachtree City, solar panels cost about 2.55 per watt on average. To account for the typical energy needs of the average home in Peachtree City, most homeowners require a 6.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,995, or $17,153 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average Peachtree City homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $19,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar company in Peachtree City for a quote for your home.
Solar savings over time in Peachtree City
| Year | Return on Investment |
|---|---|
| 1 years | $-10,681 |
| 3 years | $-8,052 |
| 5 years | $-5,423 |
| 7 years | $-2,794 |
| 9 years | $-165 |
| 11 years | $2,464 |
| 13 years | $5,093 |
| 15 years | $7,722 |
| 17 years | $10,351 |
| 19 years | $12,980 |
| 21 years | $15,609 |
| 23 years | $18,238 |
| 25 years | $20,867 |
Top Solar Installers in Peachtree City
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make your swap to solar power much easier. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a professional solar company can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
Even though the average cost of a solar system in Peachtree City is $11,995, your final cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The 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 energy bills. In addition, extra products, like solar batteries, can bring your total well above the Peachtree City average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate 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 are plenty of solar installers that offer a range of services at different price points. Larger national companies generally have lower costs, but some local companies undercut 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 car 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 | $18,207 | 9.5 years |
| 8 kW | $2.60 | $14,566 | $24,561 | 9.3 years |
| 10 kW | $2.55 | $17,850 | $31,059 | 9.1 years |
| 12 kW | $2.50 | $20,992 | $37,699 | 8.9 years |
| 14 kW | $2.45 | $23,990 | $44,482 | 8.8 years |
| 16 kW | $2.40 | $26,846 | $51,408 | 8.6 years |
| 18 kW | $2.35 | $29,560 | $58,476 | 8.4 years |
| 20 kW | $2.29 | $32,130 | $65,688 | 8.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- 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.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Reputation: Companies that have been operating 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 service, such as part repairs and replacements.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
How much does it cost to install solar panels in Peachtree City?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home considerably 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 do I need to power my home?
To figure out what solar panel system size you need, you need to know 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 household 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.