Solar Panel Cost Guide in Springfield, GA (2024 Update)
- Springfield Solar Installation Cost: $16,756
- 25-Year Savings: $24,694
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Springfield
Find out what the average cost of solar panels are in Springfield.
The average cost of a solar system in Springfield is 4 per watt.The average Springfield homeowner needs a 6.4-kilowatt system, which would cost about $16,756 with the federal tax credit, or $23,961 before the 0 tax credit is applied.
These figures are only estimates, and how much solar costs for you may vary based on the amount of energy your home requires and what company you choose to go with.Even with the large initial cost, the average Springfield homeowner can save around $21,000 on their energy bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar installer in Springfield that can help you get a more accurate cost estimate for your home.
Solar savings over time in Springfield
| Year | Return on Investment |
|---|---|
| 1 years | $-15,163 |
| 3 years | $-11,976 |
| 5 years | $-8,790 |
| 7 years | $-5,604 |
| 9 years | $-2,417 |
| 11 years | $769 |
| 13 years | $3,956 |
| 15 years | $7,142 |
| 17 years | $10,329 |
| 19 years | $13,515 |
| 21 years | $16,702 |
| 23 years | $19,888 |
| 25 years | $23,075 |
Top Solar Installers in Springfield
When switching to solar energy, many homeowners prefer to go with a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Another benefit of utilizing a solar company is that they can help you optimize your investment by lowering your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
Working with a professional solar company can make going solar easier. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Springfield
Factors that Affect Solar Panel Costs in Springfield
For many Springfield homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Springfield, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over 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 power your household consumes, the larger your system will likely need to be. You can expect to pay about $3,740 per kilowatt in Springfield.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Springfield, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Springfield is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, you’ll have no shortage of solar installers that provide a range of services at different costs.Additionally, some companies in Springfield have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $3.89 | $16,336 | $17,523 | 12.1 years |
| 8 kW | $3.81 | $21,363 | $23,783 | 11.8 years |
| 10 kW | $3.74 | $26,180 | $30,252 | 11.6 years |
| 12 kW | $3.67 | $30,788 | $36,931 | 11.4 years |
| 14 kW | $3.59 | $35,186 | $43,819 | 11.1 years |
| 16 kW | $3.52 | $39,375 | $50,917 | 10.9 years |
| 18 kW | $3.44 | $43,354 | $58,224 | 10.7 years |
| 20 kW | $3.37 | $47,124 | $65,740 | 10.4 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose significantly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you care about the longevity of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- 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 the EcoWatch team.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Springfield, GA Solar Cost FAQs
What is the average cost of installing solar panels in Springfield?
This is a hard question to answer precisely, because the cost depends on many 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. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Springfield is currently $261,687, which means you can expect a value of about $10,729 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Springfield is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 buy 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.