Solar Panel Cost Guide in Riverdale, GA (2024 Update)
- Riverdale Solar Installation Cost: $17,591
- 25-Year Savings: $23,667
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Riverdale
Let’s take a look at the average cost of solar in Riverdale.
In Riverdale, solar panels cost about 4 per watt on average.The average solar panel system size in Riverdale is around 6.7 kilowatts, meaning a cost of about $17,591 for a solar installation, or $25,155 before the 0 federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you may differ based on your specific situation and what company you choose to go with.With typical savings of about $20,000 on energy bills over 20 years, many homeowners in Riverdale find installing solar panels can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in Riverdale for a quote for your home.
Solar savings over time in Riverdale
| Year | Return on Investment |
|---|---|
| 1 years | $-15,998 |
| 3 years | $-12,811 |
| 5 years | $-9,625 |
| 7 years | $-6,439 |
| 9 years | $-3,252 |
| 11 years | $-66 |
| 13 years | $3,121 |
| 15 years | $6,307 |
| 17 years | $9,494 |
| 19 years | $12,680 |
| 21 years | $15,867 |
| 23 years | $19,053 |
| 25 years | $22,240 |
Top Solar Installers in Riverdale
When making the switch to solar, many homeowners opt to use a solar installation company since DIY solar panel installation can be a challenging project. Another good thing about choosing a top solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
There are several licensed solar professionals that can help you install your solar panels. 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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
See all of the solar companies in Riverdale
Factors that Affect Solar Panel Costs in Riverdale
For many Riverdale homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Riverdale, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,740.There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Riverdale homeowners decide to finance their solar panel systems to offset upfront costs.Although solar loans make switching to solar energy more accessible for Riverdale homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Riverdale, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, 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 | $15,506 | 12.8 years |
| 8 kW | $3.81 | $21,363 | $21,094 | 12.6 years |
| 10 kW | $3.74 | $26,180 | $26,891 | 12.3 years |
| 12 kW | $3.67 | $30,788 | $32,898 | 12.1 years |
| 14 kW | $3.59 | $35,186 | $39,114 | 11.8 years |
| 16 kW | $3.52 | $39,375 | $45,539 | 11.6 years |
| 18 kW | $3.44 | $43,354 | $52,174 | 11.3 years |
| 20 kW | $3.37 | $47,124 | $59,019 | 11.1 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like 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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Riverdale, GA Solar Cost FAQs
How much does it cost to install solar panels in Riverdale?
The average cost of solar panels in Riverdale is about $18,700 for a 5-kW system and $37,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Riverdale?
Solar panels aren’t free in Riverdale, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on electricity bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Riverdale, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate 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 Riverdale?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.