Solar Panel Cost Guide in Rincon, GA (2024 Update)
- Rincon Solar Installation Cost: $16,756
- 25-Year Savings: $24,236
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Rincon
We go over average solar pricing in Rincon.
The average cost of solar panels in Rincon is 4 per watt.Since a 6.4-kW system is needed to cover the energy costs of a typical home in Rincon, the average price of going solar will be about $16,756 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of making the switch to solar can vary quite a bit depending on several factors, such as how many panels you need, your energy consumption and what solar installer you go with.Many homeowners find installing a solar system is a solid investment. The average homeowner in Rincon can save about $21,000 on their electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Rincon
| Year | Return on Investment |
|---|---|
| 1 years | $-15,163 |
| 3 years | $-11,976 |
| 5 years | $-8,790 |
| 7 years | $-5,604 |
| 9 years | $-2,417 |
| 11 years | $769 |
| 13 years | $3,956 |
| 15 years | $7,142 |
| 17 years | $10,329 |
| 19 years | $13,515 |
| 21 years | $16,702 |
| 23 years | $19,888 |
| 25 years | $23,075 |
Top Solar Installers in Rincon
Installing solar panels on your own can be a stressful task, which is why using a solar installer is a good option for many homeowners. Another great thing about choosing a vetted solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
If you’d like to make the switch to solar 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 Rincon
Factors that Affect Solar Panel Costs in Rincon
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Rincon: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,740. The brand of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to think 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
Many homeowners find the average cost of solar in Rincon to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.It’s a good idea to factor 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
The remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Rincon, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.89 | $16,336 | $17,093 | 12.2 years |
| 8 kW | $3.81 | $21,363 | $23,210 | 12.0 years |
| 10 kW | $3.74 | $26,180 | $29,536 | 11.7 years |
| 12 kW | $3.67 | $30,788 | $36,071 | 11.5 years |
| 14 kW | $3.59 | $35,186 | $42,816 | 11.3 years |
| 16 kW | $3.52 | $39,375 | $49,771 | 11.0 years |
| 18 kW | $3.44 | $43,354 | $56,935 | 10.8 years |
| 20 kW | $3.37 | $47,124 | $64,308 | 10.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose considerably influences your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Before you sign a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although 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 be sure to peruse their list of options before making your decision.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the project completion timeline.
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 Rincon, GA Solar Cost FAQs
What is the average cost of installing solar panels in Rincon?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $18,700 for a 5-kW system and $37,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Rincon?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Do solar panels increase your home value?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t go 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 solar panels."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using 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.