Solar Panel Cost Guide in Ringgold, GA (2023 Update)
- Ringgold Solar Installation Cost: $12,495
- 25-Year Savings: $20,168
- Payback Period: 9.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Ringgold
Let's take a look at the average cost of solar in Ringgold.
In Ringgold, solar panels cost about 2.55 per watt on average. The average Ringgold homeowner needs a 7.0-kilowatt system, which would cost about $12,495 with the federal tax credit, or $17,868 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of equipment you want to get, your solar contractor and more. For many homeowners, the upfront investment in solar is worth paying. On average Ringgold homeowners see about $18,000 in savings on energy bills over 20 years.
To receive a free estimate from a highly rated solar installation company in Ringgold, you can click the button below.
Solar savings over time in Ringgold
| Year | Return on Investment |
|---|---|
| 1 years | $-11,188 |
| 3 years | $-8,575 |
| 5 years | $-5,962 |
| 7 years | $-3,349 |
| 9 years | $-736 |
| 11 years | $1,877 |
| 13 years | $4,490 |
| 15 years | $7,103 |
| 17 years | $9,716 |
| 19 years | $12,329 |
| 21 years | $14,942 |
| 23 years | $17,555 |
| 25 years | $20,168 |
Top Solar Installers in Ringgold
When making the switch to solar, many homeowners prefer to go with a solar installation company since handling can be a difficult project. Another advantage of utilizing a solar installer is that they can help you make the most of your investment by cutting back on future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Ringgold
Factors that Affect Solar Panel Costs in Ringgold
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that will push your cost above or below the average in Ringgold: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,550 per kilowatt in Ringgold. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Ringgold average.
Solar Financing Terms
Many homeowners find the average cost of solar in Ringgold to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. Although solar loans make adopting solar energy more accessible for Ringgold homeowners, they can also raise the total you pay for your system due to interest. 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 company you go with to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies operating in Ringgold, and each can charge different amounts for labor and equipment. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion 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 | $16,873 | 9.9 years |
| 8 kW | $2.60 | $14,566 | $22,783 | 9.7 years |
| 10 kW | $2.55 | $17,850 | $28,836 | 9.6 years |
| 12 kW | $2.50 | $20,992 | $35,031 | 9.4 years |
| 14 kW | $2.45 | $23,990 | $41,370 | 9.2 years |
| 16 kW | $2.40 | $26,846 | $47,851 | 9.0 years |
| 18 kW | $2.35 | $29,560 | $54,475 | 8.8 years |
| 20 kW | $2.29 | $32,130 | $61,242 | 8.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, 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:
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
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 Ringgold, GA Solar Cost FAQs
How much does it cost to install solar panels in Ringgold?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Ringgold?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.