Solar Panel Cost Guide in Temple, GA (2024 Update)
- Temple Solar Installation Cost: $17,915
- 25-Year Savings: $23,014
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Temple
Find out what the average cost of solar panel installation is in Temple.
While the national average of solar panels is $2.66 per watt, solar panels in Temple generally cost around 4.The average Temple homeowner needs a 6.8-kilowatt system, which would cost about $17,915 with the federal tax credit, or $25,618 before the 0 tax credit is applied.
The true cost of your system can go higher or lower than the average in Temple depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $20,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar installer in Temple for a quote for your home.
Solar savings over time in Temple
| Year | Return on Investment |
|---|---|
| 1 years | $-16,322 |
| 3 years | $-13,136 |
| 5 years | $-9,949 |
| 7 years | $-6,763 |
| 9 years | $-3,576 |
| 11 years | $-390 |
| 13 years | $2,797 |
| 15 years | $5,983 |
| 17 years | $9,170 |
| 19 years | $12,356 |
| 21 years | $15,543 |
| 23 years | $18,729 |
| 25 years | $21,916 |
Top Solar Installers in Temple
Installing solar panels by yourself can be a stressful undertaking, which is why getting a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over time.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
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 Temple
Factors that Affect Solar Panel Costs in Temple
There are a number of criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar 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 nearly $3,740. The model of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment consists of 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Temple to be too steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.However, the interest on solar loans also adds to your total costs, so it’s important to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more 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 promotion can bring their pricing down to compete with bigger companies.
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 | $14,552 | 13.2 years |
| 8 kW | $3.81 | $21,363 | $19,821 | 13.0 years |
| 10 kW | $3.74 | $26,180 | $25,300 | 12.7 years |
| 12 kW | $3.67 | $30,788 | $30,988 | 12.5 years |
| 14 kW | $3.59 | $35,186 | $36,886 | 12.2 years |
| 16 kW | $3.52 | $39,375 | $42,993 | 12.0 years |
| 18 kW | $3.44 | $43,354 | $49,310 | 11.7 years |
| 20 kW | $3.37 | $47,124 | $55,836 | 11.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before signing a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you prefer 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 Temple, GA Solar Cost FAQs
What is the average cost of installing solar panels in Temple?
This is a difficult question to answer exactly, because the cost depends on a variety of 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. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Temple?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located 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 $1,029.60 per year.
How long do solar panels last in Temple?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.