Solar Panel Cost Guide in Statesboro, GA (2024 Update)
- Statesboro Solar Installation Cost: $16,904
- 25-Year Savings: $22,390
- Payback Period: 12.5 Years
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Average Cost of Solar Panels in Statesboro
We break down average solar pricing in Statesboro.
The average cost of solar panels in Statesboro is 4 per watt.The average solar panel system size in Statesboro is around 6.5 kilowatts, meaning a cost of about $16,904 for a solar installation, or $24,173 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with.For most homeowners, the upfront cost of solar panels is worth paying. On average Statesboro homeowners see about $20,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Statesboro for a quote for your home.
Solar savings over time in Statesboro
| Year | Return on Investment |
|---|---|
| 1 years | $-15,311 |
| 3 years | $-12,125 |
| 5 years | $-8,938 |
| 7 years | $-5,752 |
| 9 years | $-2,565 |
| 11 years | $621 |
| 13 years | $3,808 |
| 15 years | $6,994 |
| 17 years | $10,181 |
| 19 years | $13,367 |
| 21 years | $16,554 |
| 23 years | $19,740 |
| 25 years | $22,927 |
Top Solar Installers in Statesboro
When making the switch to solar, many homeowners opt to hire a solar company since handling can be a time-consuming project. In addition, if you’d like to maximize your investment in solar energy, going with a solar company can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
Working with a professional solar company 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 Statesboro
Factors that Affect Solar Panel Costs in Statesboro
There are a number of criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel 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. Also, 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
Many homeowners find the average cost of solar in Statesboro to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to paying more over time because of interest.While solar loans make switching to solar energy more accessible for Statesboro homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can impact the cost. Statesboro’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $15,179 | 13.0 years |
| 8 kW | $3.81 | $21,363 | $20,657 | 12.7 years |
| 10 kW | $3.74 | $26,180 | $26,345 | 12.5 years |
| 12 kW | $3.67 | $30,788 | $32,242 | 12.2 years |
| 14 kW | $3.59 | $35,186 | $38,349 | 12.0 years |
| 16 kW | $3.52 | $39,375 | $44,665 | 11.7 years |
| 18 kW | $3.44 | $43,354 | $51,191 | 11.5 years |
| 20 kW | $3.37 | $47,124 | $57,926 | 11.2 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 decide on the right company for you, here are some tips to keep in mind:
- 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 significant role in the company you hire.
- Installation Process: When making the switch to solar power, it’s necessary to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project timeline.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
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 Statesboro, GA Solar Cost FAQs
What is the average cost of installing solar panels in Statesboro?
This is a tough question to answer exactly, because the cost depends on many factors. Generally 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 extra 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 less expensive solar panels.
Are solar panels free in Statesboro?
You can’t get solar panels for free in Statesboro. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Statesboro?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.