Solar Panel Cost Guide in Statesboro, GA (2023 Update)
- Statesboro Solar Installation Cost: $11,526
- 25-Year Savings: $22,390
- Payback Period: 8.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Statesboro
Let's have a look at the average cost of solar panels in Statesboro.
While the national average of solar panels is $2.66 per watt, solar panels in Statesboro typically cost about 2.55. The average Statesboro homeowner needs a 6.5-kilowatt system, which would cost about $11,531 with the federal tax credit, or $16,489 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. With typical savings of about $20,000 on electricity bills over 20 years, many homeowners in Statesboro find going solar can be quite rewarding.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Statesboro
| Year | Return on Investment |
|---|---|
| 1 years | $-11,413 |
| 3 years | $-11,187 |
| 5 years | $-10,960 |
| 7 years | $-10,734 |
| 9 years | $-10,508 |
| 11 years | $-10,282 |
| 13 years | $-10,056 |
| 15 years | $-9,830 |
| 17 years | $-9,604 |
| 19 years | $-9,378 |
| 21 years | $-9,152 |
| 23 years | $-8,926 |
| 25 years | $-8,699 |
Top Solar Installers in Statesboro
When making the switch to solar, many homeowners choose to hire a solar company since installing solar panels yourself can be a challenging project. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
There are various licensed solar professionals that can take care of your solar installation project. 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
See all of the solar companies in Statesboro
Factors that Affect Solar Panel Costs in Statesboro
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Statesboro: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,550. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Statesboro, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Statesboro to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. However, the interest on solar loans also increases your overall costs, so it's vital to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you choose will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Statesboro are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $20,377 | 8.8 years |
| 8 kW | $2.60 | $14,566 | $27,454 | 8.7 years |
| 10 kW | $2.55 | $17,850 | $34,675 | 8.5 years |
| 12 kW | $2.50 | $20,992 | $42,038 | 8.3 years |
| 14 kW | $2.45 | $23,990 | $49,545 | 8.2 years |
| 16 kW | $2.40 | $26,846 | $57,194 | 8.0 years |
| 18 kW | $2.35 | $29,560 | $64,985 | 7.8 years |
| 20 kW | $2.29 | $32,130 | $72,920 | 7.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar system 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 EcoWatch.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Solar Panel Brands: The kind of solar panel you'd like plays a role in which company you should choose, since different companies have different panels.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
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 Statesboro, GA Solar Cost FAQs
How much does it cost to install solar panels in Statesboro?
The average cost of solar panels in Statesboro is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Statesboro?
You can't get solar panels for free in Statesboro. However, you may still be able to install 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.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs 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.