Solar Panel Cost Guide in Skidaway Island, GA (2023 Update)
- Skidaway Island Solar Installation Cost: $10,888
- 25-Year Savings: $24,772
- Payback Period: 7.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Skidaway Island
Find out what the average cost of installing solar panels is in Skidaway Island.
While the national average of solar panels is $2.66 per watt, solar panels in Skidaway Island generally cost around 2.55. Using this figure, a typical 6.1-kW system would cost about $10,888 before the 30% federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will look different based on the amount of energy your home requires and what company you choose to go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Skidaway Island can save around $22,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Skidaway Island for a quote for your home.
Solar savings over time in Skidaway Island
| Year | Return on Investment |
|---|---|
| 1 years | $-9,462 |
| 3 years | $-6,609 |
| 5 years | $-3,756 |
| 7 years | $-904 |
| 9 years | $1,949 |
| 11 years | $4,802 |
| 13 years | $7,655 |
| 15 years | $10,508 |
| 17 years | $13,361 |
| 19 years | $16,213 |
| 21 years | $19,066 |
| 23 years | $21,919 |
| 25 years | $24,772 |
Top Solar Installers in Skidaway Island
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring a solar panel installer can make converting to solar power much easier. The expertise that solar installers provide can be valuable as well, particularly if you don't quite know what brand of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
There are a number of criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use 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 $2,550. There are many different solar panel brands and the one you choose also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Skidaway Island to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar company 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. It's a good idea to include 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
A final consideration when trying to figure out the cost of solar for your home or business in Skidaway Island is the company you choose to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Additionally, some companies in Skidaway Island have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $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 you have access to, and it will also have an impact on your total cost. Since picking 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 brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before making your decision.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Warranty: If you care about the durability of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Homeowners should make sure they know 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 (coming 2022)
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 stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Skidaway Island?
Leasing solar panels can be an attractive choice, because it often 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.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,169.48 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 larger 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.