Solar Panel Cost Guide in Richmond Hill, GA (Jan 2023)
- Richmond Hill Solar Installation Cost: $11,228
- 25-Year Savings: $26,388
- Payback Period: 7.5 Years
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Top Solar Installers in Richmond Hill
Although you can install solar panels yourself, it requires extra time and expertise. For that reason, almost all homeowners choose to go with a solar panel installer. The expertise that solar companies provide can be helpful as well, particularly if you aren't sure what brand of solar equipment would be right for your home.
If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our recommendations for providers nearby:
See all of the solar companies in Richmond Hill
Factors that Affect Solar Panel Costs in Richmond Hill
Though the average cost of a solar system in Richmond Hill is $11,228, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
The size of the solar system you need to offset your energy usage, 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 model of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about 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 into a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Richmond Hill homeowners choose to finance their solar panel systems to make paying for solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Richmond Hill, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have 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 discount 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||$2.65||$11,138||$24,771||7.8 years|
|8 kW||$2.60||$14,566||$33,313||7.6 years|
|10 kW||$2.55||$17,850||$41,998||7.5 years|
|12 kW||$2.50||$20,992||$50,826||7.3 years|
|14 kW||$2.45||$23,990||$59,797||7.2 years|
|16 kW||$2.40||$26,846||$68,911||7.0 years|
|18 kW||$2.35||$29,560||$78,168||6.9 years|
|20 kW||$2.29||$32,130||$87,567||6.7 years|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- 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 large role in the company you opt for.
EcoWatch's Richmond Hill, GA Solar Cost FAQs
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.