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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Wilmington Island

Find out what the average cost of solar panels are in Wilmington Island.

While the national average of solar panels is $2.66 per watt, solar panels in Wilmington Island generally cost about $3. The average Wilmington Island homeowner needs a 6.1-kilowatt system, which would cost about $10,888, or $8,057 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of installing solar panels can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what company you go with. With average savings of about $22,000 on electricity bills over 20 years, many homeowners in Wilmington Island find installing solar panels can pay off big.

To receive a free estimate from a pre-vetted solar company in Wilmington Island, you can click the button below.

Solar savings over time in Wilmington Island

Year Return on Investment
1 years $-9,462
3 years $-6,609
5 years $-3,756
7 years $-904
9 years $1,949
11 years $4,802
13 years $7,655
15 years $10,508
17 years $13,361
19 years $16,213
21 years $19,066
23 years $21,919
25 years $24,772

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:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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 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.

Solar Equipment

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.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Wilmington Island, GA Solar Cost FAQs

What is the average cost of installing solar panels in Wilmington Island?

This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,750 for a 5-kW system and $25,500 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient 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 cheaper solar panels.

Is it better to lease or buy solar panels in Wilmington Island?

Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of 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 savings from going solar.

Do solar panels increase the value of your home?

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 Wilmington Island is currently $271,200, so you can expect a value of about $11,119 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Wilmington Island is a rewarding investment.

How many solar panels should I get to power my home?

To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home 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.

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