Solar Panel Cost Guide in Skidaway Island, GA (2023 Update)
- Skidaway Island Solar Installation Cost: $10,886
- 25-Year Savings: $24,775
- Payback Period: 7.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Skidaway Island
We go over average solar pricing in Skidaway Island.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Skidaway Island, the typical cost of solar panels is 2.55 per watt. Using this figure, a typical 6.1-kW system would cost about $10,888 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Skidaway Island homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the high upfront cost, the average Skidaway Island homeowner can save about $22,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a reputable solar company in Skidaway Island for a custom estimate.
Solar savings over time in Skidaway Island
| Year | Return on Investment |
|---|---|
| 1 years | $-9,293 |
| 3 years | $-6,106 |
| 5 years | $-2,920 |
| 7 years | $267 |
| 9 years | $3,453 |
| 11 years | $6,640 |
| 13 years | $9,826 |
| 15 years | $13,013 |
| 17 years | $16,199 |
| 19 years | $19,386 |
| 21 years | $22,572 |
| 23 years | $25,759 |
| 25 years | $28,945 |
Top Solar Installers in Skidaway Island
Trying to put up solar panels yourself can be a challenging undertaking, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you aren't sure what brand of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our suggestions 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 Skidaway Island
Factors that Affect Solar Panel Costs in Skidaway Island
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Skidaway Island: 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. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar equipment you choose can bring your price up or down 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. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Skidaway Island average.
Solar Financing Terms
Most solar installers in Skidaway Island provide solar loans, which reduce the initial cost of installing solar. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can affect the cost. Skidaway Island's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and better 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 promotion can bring their pricing lower 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 | $23,946 | 7.9 years |
| 8 kW | $2.60 | $14,566 | $32,214 | 7.8 years |
| 10 kW | $2.55 | $17,850 | $40,624 | 7.6 years |
| 12 kW | $2.50 | $20,992 | $49,177 | 7.5 years |
| 14 kW | $2.45 | $23,990 | $57,873 | 7.3 years |
| 16 kW | $2.40 | $26,846 | $66,712 | 7.2 years |
| 18 kW | $2.35 | $29,560 | $75,694 | 7.0 years |
| 20 kW | $2.29 | $32,130 | $84,818 | 6.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Warranty: If you're concerned about the longevity of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Skidaway Island, GA Solar Cost FAQs
What is the average cost of installing solar panels in Skidaway Island?
The average cost of solar panels in Skidaway Island is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Skidaway Island?
Leasing solar panels can be an attractive choice, because it commonly 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels significantly reduce my power bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Skidaway Island, that will require at least a 10-kW system. Not all homes 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.
What solar power system size is right for 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 cover 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.