Solar Panel Cost Guide in Suwanee, GA (2023 Update)
- Suwanee Solar Installation Cost: $12,109
- 25-Year Savings: $20,320
- Payback Period: 9.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Suwanee
We break down average solar pricing in Suwanee.
In Suwanee, solar panels cost about 2.55 per watt on average. The average Suwanee homeowner needs a 6.8-kilowatt system, which would cost about $12,102 with the federal tax credit, or $17,306 before the 30% tax credit is applied.
The actual price you pay can be above or below the average in Suwanee based on a variety of factors, such as the type of solar panels you choose and the solar company you hire. With average savings of about $18,000 on electricity bills over 20 years, many homeowners in Suwanee find going solar has a decent ROI.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Suwanee
| Year | Return on Investment |
|---|---|
| 1 years | $-10,515 |
| 3 years | $-7,329 |
| 5 years | $-4,143 |
| 7 years | $-956 |
| 9 years | $2,230 |
| 11 years | $5,417 |
| 13 years | $8,603 |
| 15 years | $11,790 |
| 17 years | $14,976 |
| 19 years | $18,163 |
| 21 years | $21,349 |
| 23 years | $24,536 |
| 25 years | $27,722 |
Top Solar Installers in Suwanee
When going solar, many homeowners choose to go with a solar company since putting up a solar system yourself can be a challenging project. The expertise that solar companies offer can be valuable as well, especially if you aren't sure what type of solar equipment would be right for your home.
If you're searching for a solar installer in Suwanee, we've put together a list of our top suggestions here:
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 Suwanee
Factors that Affect Solar Panel Costs in Suwanee
Though the average cost of a solar system in Suwanee is $12,102, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $2,550 per kilowatt in Suwanee. The kind of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to think 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
Many homeowners find the average cost of solar in Suwanee to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies operating in Suwanee, and each can charge varying amounts for labor and equipment. 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 of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $2.65 | $11,138 | $17,545 | 9.7 years |
| 8 kW | $2.60 | $14,566 | $23,678 | 9.5 years |
| 10 kW | $2.55 | $17,850 | $29,955 | 9.3 years |
| 12 kW | $2.50 | $20,992 | $36,374 | 9.1 years |
| 14 kW | $2.45 | $23,990 | $42,936 | 9.0 years |
| 16 kW | $2.40 | $26,846 | $49,641 | 8.8 years |
| 18 kW | $2.35 | $29,560 | $56,489 | 8.6 years |
| 20 kW | $2.29 | $32,130 | $63,480 | 8.4 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
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 Suwanee, GA Solar Cost FAQs
How much does it cost to install solar panels in Suwanee?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 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.
Are solar panels free in Suwanee?
A solar panel system isn't free in Suwanee, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can you sell solar power back to the grid in Suwanee?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
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 how much 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 account for 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.