Solar Panel Cost Guide in Wilmington Island, GA (Jan 2023)
- Wilmington Island Solar Installation Cost: $10,888
- 25-Year Savings: $24,772
- Payback Period: 7.6 Years
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Top Solar Installers in Wilmington Island
Although you can install solar panels on your own, it takes extra energy and expertise. Because of that, almost all homeowners choose to go with a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you're searching for a solar installer in Wilmington Island, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Wilmington Island
Factors that Affect Solar Panel Costs in Wilmington Island
Though the average cost of a solar system in Wilmington Island is $10,888, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $2,550 per kilowatt in Wilmington Island. The brand of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment is more than just the solar panels themselves. You'll also need to consider 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 into a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in Wilmington Island, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. Although solar loans make adopting solar energy more accessible for Wilmington Island homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of green energy solutions in Wilmington Island, you'll have many options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Wilmington Island have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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||$23,946||7.9 years|
|8 kW||$2.60||$14,566||$32,214||7.8 years|
|10 kW||$2.55||$17,850||$40,624||7.6 years|
|12 kW||$2.50||$20,992||$49,177||7.5 years|
|14 kW||$2.45||$23,990||$57,873||7.3 years|
|16 kW||$2.40||$26,846||$66,712||7.2 years|
|18 kW||$2.35||$29,560||$75,694||7.0 years|
|20 kW||$2.29||$32,130||$84,818||6.9 years|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you're on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
EcoWatch's Wilmington Island, GA Solar Cost FAQs
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.