Solar Panel Cost Guide in Thomson, GA (2023 Update)
- Thomson Solar Installation Cost: $11,733
- 25-Year Savings: $25,999
- Payback Period: 7.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Thomson
Find out what the average cost of solar panel installation is in Thomson.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Thomson, the average cost of a solar system is 2.55 per watt. Using this figure, a typical 6.6-kW system would cost about $11,727 before the 30% federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will most likely look different based on factors unique to your home and what company you go with. But, after you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $22,000 over 20 years on electricity bills.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Thomson
| Year | Return on Investment |
|---|---|
| 1 years | $-10,140 |
| 3 years | $-6,954 |
| 5 years | $-3,767 |
| 7 years | $-581 |
| 9 years | $2,606 |
| 11 years | $5,792 |
| 13 years | $8,979 |
| 15 years | $12,165 |
| 17 years | $15,352 |
| 19 years | $18,538 |
| 21 years | $21,725 |
| 23 years | $24,911 |
| 25 years | $28,098 |
Top Solar Installers in Thomson
Trying to put up solar panels yourself can be a stressful undertaking, which is why getting a solar installation company is a good option for many homeowners. Plus, if you aren't sure what brand of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
If you'd like to start using solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers nearby:
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 Thomson
Factors that Affect Solar Panel Costs in Thomson
For many Thomson homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Thomson, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy 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, you can expect your total to increase by about $2,550. The model of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, solar equipment is more than just the solar panels themselves. You'll also need to make decisions 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's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Thomson to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can play a role in determining your pricing. Thomson's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $23,303 | 8.1 years |
| 8 kW | $2.60 | $14,566 | $31,356 | 7.9 years |
| 10 kW | $2.55 | $17,850 | $39,552 | 7.8 years |
| 12 kW | $2.50 | $20,992 | $47,891 | 7.6 years |
| 14 kW | $2.45 | $23,990 | $56,372 | 7.5 years |
| 16 kW | $2.40 | $26,846 | $64,997 | 7.3 years |
| 18 kW | $2.35 | $29,560 | $73,764 | 7.2 years |
| 20 kW | $2.29 | $32,130 | $82,674 | 7.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
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 Thomson, GA Solar Cost FAQs
How much does it cost to install solar panels in Thomson?
The average cost of solar panels in Thomson 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 like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Thomson?
A solar panel system isn't free in Thomson, but there are some options that can make getting them more affordable, 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 solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Thomson, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Thomson?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.