Solar Panel Cost Guide in Tyrone, GA (2023 Update)
- Tyrone Solar Installation Cost: $11,993
- 25-Year Savings: $20,884
- Payback Period: 9.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Tyrone
Find out what the average cost of installing solar panels is in Tyrone.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Tyrone, the average cost of solar panels is 2.55 per watt. The average Tyrone homeowner needs a 6.7-kilowatt system, which would cost about $11,995 with the federal tax credit, or $17,153 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy use, the type of equipment you want to get, your solar contractor and more. With average savings of about $19,000 on electricity bills over 20 years, many homeowners in Tyrone find investing in solar can be quite rewarding.
You can click the button below to get connected with a pre-vetted solar company in Tyrone that can help you get a more accurate cost estimate for your home.
Solar savings over time in Tyrone
| Year | Return on Investment |
|---|---|
| 1 years | $-10,400 |
| 3 years | $-7,214 |
| 5 years | $-4,027 |
| 7 years | $-841 |
| 9 years | $2,346 |
| 11 years | $5,532 |
| 13 years | $8,719 |
| 15 years | $11,905 |
| 17 years | $15,092 |
| 19 years | $18,278 |
| 21 years | $21,464 |
| 23 years | $24,651 |
| 25 years | $27,837 |
Top Solar Installers in Tyrone
Although it's possible to install solar panels yourself, it requires extra labor and expertise. Because of that, most homeowners choose to go with a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be right for your family.
Working with a licensed solar installer 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
See all of the solar companies in Tyrone
Factors that Affect Solar Panel Costs in Tyrone
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Tyrone: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of solar panels in Tyrone, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past energy bills. Your overall cost can increase by around $2,550 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Tyrone, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
If paying for solar panels out of pocket is too expensive, solar loans are a popular route because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. 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're only able to 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 finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can influence the cost. Tyrone's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Tyrone have more knowledge about local solar incentives and can help you learn about 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 | $18,221 | 9.5 years |
| 8 kW | $2.60 | $14,566 | $24,580 | 9.3 years |
| 10 kW | $2.55 | $17,850 | $31,082 | 9.1 years |
| 12 kW | $2.50 | $20,992 | $37,727 | 8.9 years |
| 14 kW | $2.45 | $23,990 | $44,515 | 8.8 years |
| 16 kW | $2.40 | $26,846 | $51,445 | 8.6 years |
| 18 kW | $2.35 | $29,560 | $58,518 | 8.4 years |
| 20 kW | $2.29 | $32,130 | $65,734 | 8.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, 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:
- Contract: Before you sign a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Installation Process: Make sure you're aligned with the company in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you prefer a specific brand, make sure the solar panel installer 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 Tyrone, GA Solar Cost FAQs
What is the average cost of installing solar panels in Tyrone?
The average cost of solar panels in Tyrone 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Tyrone?
Solar panels aren't free in Tyrone, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Tyrone have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.