Solar Panel Cost Guide in Savannah, TX (Mar 2023)
- Savannah Solar Installation Cost: $14,424
- 25-Year Savings: $18,469
- Payback Period: 11.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Savannah
Find out how much it might cost to install solar panels in Savannah.
In Savannah, solar panels cost about 2.69 per watt on average. The average solar panel system size in Savannah is around 7.7 kilowatts, meaning a cost of about $14,424 for a solar installation, or $20,626 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you will most likely differ based on factors unique to your home and what company you want to go with. Even with the large upfront cost, the average Savannah homeowner can save around $16,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar company in your area for a custom quote.
Solar savings over time in Savannah
| Year | Return on Investment |
|---|---|
| 1 years | $-13,108 |
| 3 years | $-10,477 |
| 5 years | $-7,845 |
| 7 years | $-5,214 |
| 9 years | $-2,582 |
| 11 years | $49 |
| 13 years | $2,681 |
| 15 years | $5,312 |
| 17 years | $7,944 |
| 19 years | $10,575 |
| 21 years | $13,207 |
| 23 years | $15,838 |
| 25 years | $18,469 |
Top Solar Installers in Savannah
When making the switch to solar, many homeowners opt to hire a solar installer since DIY solar panel installation can be a time-consuming project. The expertise that solar companies offer can be helpful as well, especially if you don't quite know what type of solar equipment would be right for your home.
Working with a vetted 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 (coming 2022)
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 Savannah
Factors that Affect Solar Panel Costs in Savannah
For many Savannah homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Savannah, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. The kind of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about 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 for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Savannah homeowners decide to finance their solar panel systems to make going solar more affordable. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Savannah, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. The size of the company sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.80 | $11,750 | $14,022 | 11.4 years |
| 8 kW | $2.74 | $15,365 | $18,998 | 11.2 years |
| 10 kW | $2.69 | $18,830 | $24,124 | 11.0 years |
| 12 kW | $2.64 | $22,144 | $29,401 | 10.7 years |
| 14 kW | $2.58 | $25,308 | $34,828 | 10.5 years |
| 16 kW | $2.53 | $28,320 | $40,406 | 10.3 years |
| 18 kW | $2.47 | $31,182 | $46,135 | 10.1 years |
| 20 kW | $2.42 | $33,894 | $52,014 | 9.9 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Savannah, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Contract: It's important to read your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Installation Process: When making the switch to solar, it's crucial to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project timeline.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Savannah, TX Solar Cost FAQs
What is the average cost of installing solar panels in Savannah?
The average cost of solar panels in Savannah is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Savannah?
A solar panel system isn't free in Savannah, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $859.08 per year.
How long do solar panels last in Savannah?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.