Solar Panel Cost Guide in Savannah, TN (2024 Update)
- Savannah Solar Installation Cost: $19,421
- 25-Year Savings: $12,932
- Payback Period: 18.4 Years
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Average Cost of Solar Panels in Savannah
We go over average solar pricing in Savannah.
Although the national average of solar panels is $2.66 per watt, solar panels in Savannah generally cost around 4.Using this figure, a typical 7.7-kW system would cost about $19,421 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Savannah homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $14,000 over 20 years on electricity bills.
You can click the button below to get connected with a top solar company in Savannah for a quote for your home.
Solar savings over time in Savannah
| Year | Return on Investment |
|---|---|
| 1 years | $-17,893 |
| 3 years | $-14,837 |
| 5 years | $-11,781 |
| 7 years | $-8,725 |
| 9 years | $-5,669 |
| 11 years | $-2,613 |
| 13 years | $443 |
| 15 years | $3,499 |
| 17 years | $6,555 |
| 19 years | $9,611 |
| 21 years | $12,667 |
| 23 years | $15,723 |
| 25 years | $18,779 |
Top Solar Installers in Savannah
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make your swap to solar power much easier. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Savannah
Factors that Affect Solar Panel Costs in Savannah
There are a number of factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, 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 $3,580. The solar equipment you choose can bring your price up or down 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 over time on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Savannah 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 Savannah homeowners opt to finance their solar panel systems to make going solar more affordable.It’s a good idea to factor 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 off the loan.
Solar Panel Installation Company
The solar company you pick will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.72 | $15,637 | $4,833 | 19.1 years |
| 8 kW | $3.65 | $20,449 | $6,845 | 18.7 years |
| 10 kW | $3.58 | $25,060 | $9,057 | 18.4 years |
| 12 kW | $3.51 | $29,471 | $11,470 | 18.0 years |
| 14 kW | $3.44 | $33,681 | $14,083 | 17.6 years |
| 16 kW | $3.37 | $37,690 | $16,897 | 17.3 years |
| 18 kW | $3.29 | $41,499 | $19,911 | 16.9 years |
| 20 kW | $3.22 | $45,108 | $23,126 | 16.5 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Savannah, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: When making the switch to solar, it’s essential to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project timeline.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Savannah, TN Solar Cost FAQs
What is the average cost of installing solar panels in Savannah?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $17,900 for a 5-kW system and $35,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How will 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 Savannah is currently $170,960, which means you can look forward to a value of about $7,009 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Savannah is a worthwhile investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a 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 get 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.