Solar Panel Cost Guide in Toccoa, GA (2023 Update)
- Toccoa Solar Installation Cost: $11,960
- 25-Year Savings: $24,834
- Payback Period: 8.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Toccoa
Let's have a look at the average cost of solar panels in Toccoa.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Toccoa, the typical cost of solar panels is 2.55 per watt. Since a 6.7-kW system is needed to cover the energy usage of a typical home in Toccoa, the average price of going solar will be about $11,960 after claiming the federal solar tax credit of 30%.
The true cost of your system can be above or below the average in Toccoa depending on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire. For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $21,000 in savings on utility bills over 20 years.
Click the button below to get connected to a reputable solar panel company in your area for a customized quote.
Solar savings over time in Toccoa
| Year | Return on Investment |
|---|---|
| 1 years | $-10,488 |
| 3 years | $-7,544 |
| 5 years | $-4,601 |
| 7 years | $-1,657 |
| 9 years | $1,286 |
| 11 years | $4,229 |
| 13 years | $7,173 |
| 15 years | $10,116 |
| 17 years | $13,060 |
| 19 years | $16,003 |
| 21 years | $18,947 |
| 23 years | $21,890 |
| 25 years | $24,834 |
Top Solar Installers in Toccoa
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make switching to solar power much easier. Companies can also offer access to quality options of the best solar panels and help you decide which one will be right for your home.
If you're searching for a solar company in Toccoa, we've compiled 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 Toccoa
Factors that Affect Solar Panel Costs in Toccoa
There are many factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,550 per kilowatt in Toccoa. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Toccoa average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Toccoa homeowners choose to finance their solar panel systems to offset upfront costs. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Toccoa know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $21,817 | 8.4 years |
| 8 kW | $2.60 | $14,566 | $29,374 | 8.3 years |
| 10 kW | $2.55 | $17,850 | $37,075 | 8.1 years |
| 12 kW | $2.50 | $20,992 | $44,918 | 8.0 years |
| 14 kW | $2.45 | $23,990 | $52,904 | 7.8 years |
| 16 kW | $2.40 | $26,846 | $61,033 | 7.6 years |
| 18 kW | $2.35 | $29,560 | $69,305 | 7.5 years |
| 20 kW | $2.29 | $32,130 | $77,720 | 7.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Contract: Before you sign a contract with a solar installer, make sure you look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
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 Toccoa, GA Solar Cost FAQs
How much does it cost to install solar panels in Toccoa?
The average cost of solar panels in Toccoa is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will having solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Toccoa is currently $106,636, which means you can expect a value of about $4,372 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Toccoa is a worthwhile investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 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.