Solar Panel Cost Guide in Peachtree Corners, GA (2023 Update)
- Peachtree Corners Solar Installation Cost: $12,109
- 25-Year Savings: $20,861
- Payback Period: 9.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Peachtree Corners
See how much it might cost to install solar panels in Peachtree Corners.
The average cost of a solar panel system in Peachtree Corners is 2.55 per watt. Using this figure, a typical 6.8-kW system would cost about $12,102 before the 30% federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will look different based on factors unique to your home and what company you choose to go with. For most homeowners, the upfront cost of solar panels is worth paying. On average Peachtree Corners homeowners see about $18,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Peachtree Corners
| Year | Return on Investment |
|---|---|
| 1 years | $-10,515 |
| 3 years | $-7,329 |
| 5 years | $-4,143 |
| 7 years | $-956 |
| 9 years | $2,230 |
| 11 years | $5,417 |
| 13 years | $8,603 |
| 15 years | $11,790 |
| 17 years | $14,976 |
| 19 years | $18,163 |
| 21 years | $21,349 |
| 23 years | $24,536 |
| 25 years | $27,722 |
Top Solar Installers in Peachtree Corners
Although you can install solar panels on your own, it takes extra labor and handiness. For that reason, most people choose to go with a solar panel installer. A solar installer can also help save you money in the long run by offering warranties, repairs and system component replacements.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Corners
Factors that Affect Solar Panel Costs in Peachtree Corners
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Peachtree Corners: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use 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 $2,550. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Peachtree Corners, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable choice because they cut back your upfront costs and let you pay for your system over five to seven years on average. Although solar loans make going solar more accessible for Peachtree Corners homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you pick will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Peachtree Corners are more knowledgeable about local solar incentives and can help you make good use 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 help you save 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 | $18,023 | 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
Since the type of solar panels and the installation company you choose considerably influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Companies that have been in business for many years likely have a high 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.
- Warranty: If you're worried about the longevity of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
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 Corners, GA Solar Cost FAQs
How much does it cost to install 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Peachtree Corners?
Leasing solar panels can be an option if you can't afford 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 financial benefits from going solar.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $972.05 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.