Solar Panel Cost Guide in Smyrna, GA (2024 Update)
- Smyrna Solar Installation Cost: $17,998
- 25-Year Savings: $22,175
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Smyrna
Find out what the average cost of solar panels are in Smyrna.
The national average cost of solar panels is $2.66 per watt, but in Smyrna it’s 4 per watt.To cover the typical energy usage of the average home in Smyrna, most homeowners require a 6.9-kilowatt system. Using the figure above, a solar installation costs about $17,998, or $25,737 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.But, once you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $19,000 over 20 years on energy bills.
Click the button below to get connected to a reputable solar company in your area for a customized estimate.
Solar savings over time in Smyrna
Year | Return on Investment |
---|---|
1 years | $-16,405 |
3 years | $-13,218 |
5 years | $-10,032 |
7 years | $-6,846 |
9 years | $-3,659 |
11 years | $-473 |
13 years | $2,714 |
15 years | $5,900 |
17 years | $9,087 |
19 years | $12,273 |
21 years | $15,460 |
23 years | $18,646 |
25 years | $21,833 |
Top Solar Installers in Smyrna
Many homeowners opt for a solar installation company since trying to put up solar panels by yourself can be time-consuming. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
Working with a vetted solar installer can help you make the most of your investment in solar. 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
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 Smyrna
Factors that Affect Solar Panel Costs in Smyrna
The cost of installing a solar system in Smyrna can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
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 power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,740 per kilowatt in Smyrna.The kind of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Smyrna provide solar loans, which reduce the initial cost of installing solar.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Smyrna is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services for different budgets.The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount 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 | $3.89 | $16,336 | $13,727 | 13.6 years |
8 kW | $3.81 | $21,363 | $18,721 | 13.3 years |
10 kW | $3.74 | $26,180 | $23,925 | 13.1 years |
12 kW | $3.67 | $30,788 | $29,338 | 12.8 years |
14 kW | $3.59 | $35,186 | $34,961 | 12.5 years |
16 kW | $3.52 | $39,375 | $40,793 | 12.3 years |
18 kW | $3.44 | $43,354 | $46,835 | 12.0 years |
20 kW | $3.37 | $47,124 | $53,086 | 11.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
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 Smyrna, GA Solar Cost FAQs
What is the average cost of installing solar panels in Smyrna?
This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $18,700 for a 5-kW system and $37,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Smyrna?
You can’t get solar panels for free in Smyrna. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,002.10 per year.
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 take a 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 install 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.