Solar Panel Cost Guide in Rincon, GA (2023 Update)
- Rincon Solar Installation Cost: $11,424
- 25-Year Savings: $24,236
- Payback Period: 8.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Rincon
Let's have a look at the average cost of solar in Rincon.
While the national average of solar panels is $2.66 per watt, solar panels in Rincon generally cost around 2.55. The average Rincon homeowner needs a 6.4-kilowatt system, which would cost about $11,424 with the federal tax credit, or $16,336 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Rincon can save around $21,000 on their power bills over 20 years.
To receive a free estimate from a top solar installer in Rincon, you can click the button below.
Solar savings over time in Rincon
| Year | Return on Investment |
|---|---|
| 1 years | $-9,998 |
| 3 years | $-7,145 |
| 5 years | $-4,292 |
| 7 years | $-1,439 |
| 9 years | $1,414 |
| 11 years | $4,267 |
| 13 years | $7,119 |
| 15 years | $9,972 |
| 17 years | $12,825 |
| 19 years | $15,678 |
| 21 years | $18,531 |
| 23 years | $21,384 |
| 25 years | $24,236 |
Top Solar Installers in Rincon
Putting up solar panels on your own can be a stressful task, which is why getting a solar installer is a good option for many homeowners. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
Working with a professional solar company can make going solar easier. 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 Rincon
Factors that Affect Solar Panel Costs in Rincon
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Rincon: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Rincon, where sunlight is abundant, efficiency can quickly pay off. In addition, 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
Many homeowners find the average cost of solar in Rincon to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you pick will play a role in your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Rincon know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $22,291 | 8.3 years |
| 8 kW | $2.60 | $14,566 | $30,007 | 8.2 years |
| 10 kW | $2.55 | $17,850 | $37,866 | 8.0 years |
| 12 kW | $2.50 | $20,992 | $45,868 | 7.8 years |
| 14 kW | $2.45 | $23,990 | $54,012 | 7.7 years |
| 16 kW | $2.40 | $26,846 | $62,299 | 7.5 years |
| 18 kW | $2.35 | $29,560 | $70,729 | 7.4 years |
| 20 kW | $2.29 | $32,130 | $79,302 | 7.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Different companies have different brands and types of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
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 hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Rincon?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property 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 will installing solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Rincon is currently $177,500, so you can expect a value of about $7,278 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Rincon is a fruitful investment.
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 their energy production will have decreased significantly after that point. You can choose 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.