Solar Panel Cost Guide in Richmond Hill, GA (2023 Update)
- Richmond Hill Solar Installation Cost: $11,228
- 25-Year Savings: $26,388
- Payback Period: 7.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Richmond Hill
Find out what the average cost of a solar system is in Richmond Hill.
In Richmond Hill, solar panels cost about 2.55 per watt on average. The average solar panel system size in Richmond Hill is around 6.3 kilowatts, meaning a cost of about $11,228 for a solar installation, or $16,056 before the 30% federal solar tax credit is applied.
The true cost of your system can be above or below the average in Richmond Hill depending on several factors, such as the brand of solar panels you choose and the solar company you hire. With typical savings of about $23,000 on power bills over 20 years, many homeowners in Richmond Hill find investing in solar has a decent ROI.
To receive a free estimate from a pre-vetted solar company in Richmond Hill, you can click the button below.
Solar savings over time in Richmond Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-9,723 |
| 3 years | $-6,714 |
| 5 years | $-3,705 |
| 7 years | $-695 |
| 9 years | $2,314 |
| 11 years | $5,323 |
| 13 years | $8,332 |
| 15 years | $11,342 |
| 17 years | $14,351 |
| 19 years | $17,360 |
| 21 years | $20,369 |
| 23 years | $23,379 |
| 25 years | $26,388 |
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:
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 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.
Solar Equipment
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.
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 Richmond Hill, GA Solar Cost FAQs
How much does it cost to install solar panels in Richmond Hill?
The average cost of solar panels in Richmond Hill 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 certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Richmond Hill?
A solar panel system isn't free in Richmond Hill, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels significantly reduce my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Richmond Hill, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Richmond Hill?
Although 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 once you've had 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.