Solar Panel Cost Guide in Peachtree Corners, GA (2023 Update)
- Peachtree Corners Solar Installation Cost: $12,102
- 25-Year Savings: $20,868
- Payback Period: 9.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Peachtree Corners
Let's take a look at the average cost of solar panels in Peachtree Corners.
In Peachtree Corners, solar panels cost about 2.55 per watt on average. The average Peachtree Corners 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.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of solar panels you choose, your solar contractor and more. With average savings of about $18,000 on power bills over 20 years, many homeowners in Peachtree Corners find investing in solar can pay off big.
Click the button below to get connected to a reputable solar company in your area for a customized quote.
Solar savings over time in Peachtree Corners
| Year | Return on Investment |
|---|---|
| 1 years | $-10,784 |
| 3 years | $-8,146 |
| 5 years | $-5,508 |
| 7 years | $-2,871 |
| 9 years | $-233 |
| 11 years | $2,404 |
| 13 years | $5,042 |
| 15 years | $7,680 |
| 17 years | $10,317 |
| 19 years | $12,955 |
| 21 years | $15,592 |
| 23 years | $18,230 |
| 25 years | $20,868 |
Top Solar Installers in Peachtree Corners
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make converting to solar power much easier. The expertise that solar companies offer can be valuable as well, particularly if you don't quite know what type of solar equipment you need.
You can work with a local solar installer to get a free quote 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 (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 Corners
Factors that Affect Solar Panel Costs in Peachtree Corners
The cost of installing a solar system in Peachtree Corners can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid option because they lower your upfront costs and let you pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies in Peachtree Corners, and each can charge different amounts for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that offers the products, warranties and services you want and also fits within your budget.
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 | $18,023 | 9.5 years |
| 8 kW | $2.60 | $14,566 | $24,316 | 9.4 years |
| 10 kW | $2.55 | $17,850 | $30,752 | 9.2 years |
| 12 kW | $2.50 | $20,992 | $37,331 | 9.0 years |
| 14 kW | $2.45 | $23,990 | $44,053 | 8.8 years |
| 16 kW | $2.40 | $26,846 | $50,918 | 8.6 years |
| 18 kW | $2.35 | $29,560 | $57,925 | 8.4 years |
| 20 kW | $2.29 | $32,130 | $65,075 | 8.3 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Peachtree Corners, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you're concerned about the endurance of your solar energy system, making sure your installer 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 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 support, such as part repairs and replacements.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
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 Corners, GA Solar Cost FAQs
What is the average cost of installing solar panels in Peachtree Corners?
The average cost of solar panels in Peachtree Corners 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 things like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Peachtree Corners?
Leasing solar panels can be an option if you can't 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 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 bang for your buck from going solar.
Is it worth going solar in Peachtree Corners?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
Though 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 decide to replace them after having 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.