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If you live in the Peach State and are looking to switch to renewable energy, you may be wondering about the cost of solar panels in Georgia. In this article, we’ll break down average prices of solar panel installations in the state to help you decide whether this type of clean energy is worth it for your home.

The numbers you’ll see below are averages, but solar energy system costs can fluctuate greatly depending on things like the type of equipment you choose to install and your household energy use. If you want a better idea of how much it would cost to install solar panels on your home, you can use this tool or fill out the form below for a more detailed quote.

Get Free Quotes From EcoWatch Approved Solar Installers

How Much Do Solar Panels Cost in Georgia?

Using market research and data from top solar companies, we’ve determined that the average cost of solar panels in Georgia is $2.55 per watt. This is below the U.S. average of $2.66 per watt.

Based on that average cost, you can expect to pay $9,423 for a 5-kilowatt home solar system in Georgia. The actual price for a system of this size is around $12,733, but the net cost becomes much lower after subtracting the 26% federal tax credit. The following table summarizes the average prices of home solar systems in Georgia ranging from 5 to 10 kilowatts (the most common residential system sizes):

Size of Solar Panel SystemGeorgia Solar Panel CostCost After Federal Tax Credit
5 kW$12,733$9,423
6 kW$15,280$11,307
7 kW$17,827$13,192
8 kW$20,373$15,076
9 kW$22,920$16,961
10 kW$25,467$18,845

Keep in mind these are average costs, based on general data from Georgia’s solar industry. However, these prices can vary based on factors like the complexity of your roof and the solar brands available near you. To get an accurate solar quote, you’ll need to book a free professional assessment that accounts for your annual energy bills and roof conditions.

What Determines the Cost of Solar Panels in Georgia?

As mentioned, average solar prices in Georgia are useful as a starting point, but the actual cost of your system can vary. The energy consumption profile of your home is a key factor that determines how many solar panels you need, as homes with high electricity demands will need larger systems, which are more expensive.

The cost of going solar also depends on the equipment brands used, the company providing the installation service, and how you decide to pay for the system. Additional features like solar batteries and energy management systems also increase the total cost of your solar installation. For example, you can expect to pay an additional $10,000 to $15,000 if you add a home battery to your solar panel system.

Solar Equipment

Naturally, if you want the best solar panels, you’ll pay a premium for them. There are plenty of solar panel brands to choose from, however. Some brands focus on developing the most efficient solar panels on the market, which makes them a premium product. Conversely, there are solar brands that focus on making more affordable solar panels, but this often means you get a lower efficiency or a shorter warranty.

As a general rule, monocrystalline solar panels have a higher efficiency and a higher cost than polycrystalline panels. If you choose monocrystalline panels with a 25-year warranty, you can expect a higher price than another homeowner using polycrystalline panels with a 10-year warranty.

The same principle applies to the inverter, the device that converts the direct current (DC) power from your solar panels into alternating current (AC) power that can be used by your home appliances. For example, a solar inverter that only accomplishes its basic function will be less expensive than a more complex unit with energy management features.

Solar Financing

There are three main ways to pay for a solar panel system: a single cash payment, getting a solar loan and paying over time, and signing a lease or power purchase agreement (PPA). Your total out-of-pocket cost will change depending on the payment option you choose. Here is a brief cost comparison:

Solar Financing MethodProsCons
Cash purchase+ Fully covers the cost of your system, so there are no interest payments or fees+ Will give you the highest return on investment– You’ll need to cover a large sum upfront (over $12,000 for a 5-kW solar system in Maryland)
Solar loan+ Divides the upfront cost of the system into smaller payments over time+ You get power bill savings right away, and they can be used to pay off the loan+ You’re still eligible to claim the federal solar tax credit– Your overall cost will be higher due to interest
Solar lease or PPA+ The solar company you choose will cover all installation costs, as well as maintenance– You’ll still need to pay to access the energy that’s produced by the panels- The solar panels installed on your roof remain under the ownership of the solar company, so you’re not eligible for the tax credit or other incentives

Installation Company

You’ll want to choose a solar company you can trust, as installations are complex and can damage your roof structure if not done correctly. If your panels are installed with shoddy workmanship, a panel could go flying during a storm or you might have frequent electrical faults. In a worst-case scenario, a low-quality solar installation can start a fire and cause major property damage. Also, if the installation isn’t done properly, it can void your solar panels’ warranty. 

The cost of installing solar also depends on the installation company you choose. Ideally, you should look for a provider with technicians certified by the North American Board of Certified Energy Practitioners (NABCEP). Skilled labor has a higher price, but it ensures a safe installation. 

Before deciding on a provider, we recommend getting free quotes from a few companies. This way you can make sure you’re getting the best deal available in your area. To start connecting with certified installers near you, you can use this tool or fill out the form below.

Get Free Quotes From EcoWatch Approved Solar Installers

Georgia Solar Incentives

Unfortunately, there are no local incentive programs active in Georgia as of January 2022. However, some electricity providers have solar buyback programs, which are similar to net metering. In these programs, your utility company will purchase the surplus generation from your solar panels, subtracting it as a credit on your power bills.

Additionally, all home solar systems in the U.S. benefit from the federal solar tax credit. This credit is worth 26% of your system cost, but it is set to be reduced to 23% in 2023. Unless Congress extends the credit, it will not be available for residential solar from 2024 on.

FAQ: Cost of Solar Panels in Georgia

Is it worth going solar in Georgia?

The cost of solar panels in Georgia is below the U.S. average, and the state gets plenty of sunshine during the year, as you can see in the World Bank Global Solar Atlas. This means you pay less for each kilowatt of generation capacity, and your solar panels will be very productive. Assuming you have favorable site conditions, these factors make it worth going solar in Georgia.

Is there a tax credit for solar panels in 2022?

Yes, there is a tax credit for solar panels in 2022. Owners of both residential and commercial solar systems are eligible for a 26% federal tax credit. This means you can get a tax credit of $260 for every $1,000 invested in a solar power system. Georgia does not have a state tax credit, but the 26% federal tax credit is available everywhere in the U.S.

What is the average lifespan of a solar panel?

The best solar panels come with a 25-year product warranty, but they can typically outlast that period with minimal reductions in efficiency. For context, the typical payback period of a home solar system is between eight and 12 years, but some homeowners can see a full payback in as little as five years. From your break-even point to the end of your solar panels’ lifetime, you’re essentially powering your home for free.

Does solar increase home value?

Yes, solar panels increase home value. Studies have concluded that home values increase by around $6,000 per kilowatt of solar capacity. This means the average 5-kW system could add around $30,000 to your home value, and a 10-kW system could add around $60,000.

Leonardo David is an electromechanical engineer, MBA, energy consultant and technical writer. His energy-efficiency and solar consulting experience covers sectors including banking, textile manufacturing, plastics processing, pharmaceutics, education, food processing, fast food, real estate and retail. He has also been writing articles about energy and engineering topics since 2015.

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New York is among the states with the highest electricity prices, but this also means you can achieve major savings on your power bill by going solar. In this article, we’ll analyze the cost of solar panels in New York and provide an overview of the incentive programs locally available.

We discuss average New York solar costs below, but pricing can change significantly based on your individual home and your energy needs. If you want to know how much switching to solar could cost — and how much it could save you on high New York energy bills — you can use this tool or fill out the form below for a free quote for your home.

Get Free Quotes From EcoWatch Approved Solar Installers

How Much Do Solar Panels Cost in New York?

Based on market research and data from top solar brands, we have found that the average cost of solar panels in New York is $2.95 per watt, which is far above the national average of $2.66 per watt. Although solar panel costs in New York are above the U.S. average, the corresponding savings are also increased due to the high electricity prices.

The Energy Information Administration reports an average electricity cost of 20.46 cents/kWh for residential consumers in New York, 44% above the national average of 14.19 cents/kWh. This is bad news if you get all your electricity from the grid, but great news for those looking to switch to solar power. Since electricity is expensive, the cost savings when generating your own power is also higher.

When installing a 5-kW home solar system in New York, you can expect a cost of $10,927 after the 26% federal solar tax credit is applied. New York also offers a 25% state tax credit that reduces the net cost to $8,048. In the following table we have summarized the typical prices of some popular system sizes before and after the federal incentive:

Size of Solar Panel SystemCost of Solar Panels in New York Cost After Federal Tax Credit
5kW$14,767$10,927
6kW$17,720$13,113
7kW$20,673$15,298
8kW$23,627$17,484
9kW$26,580$19,669
10kW$29,533$21,855

These average solar costs are useful as reference, but keep in mind prices vary depending on roof conditions and the specific solar brands used in your project. You can also cut installation costs if you qualify for other incentives beyond the 26% federal tax credit.

What Determines the Cost of Solar Panels in New York?

We have provided the average cost of going solar in New York, considering several system sizes that are most common. However, an accurate quote is only possible with a professional assessment of your specific roof conditions and electricity bills. In general, homes with higher energy consumption need larger systems, which come with an increased price tag.

Aside from energy consumption habits, some key factors that determine solar costs include the equipment chosen, the solar installer hired and how the system is financed. Also, keep in mind that a basic installation with only solar panels is more affordable than a larger system with panels and a solar battery.

Solar Equipment

Solar panels tend to look similar from brand to brand, but their costs vary depending on the features offered. In general, monocrystalline panels are the most efficient solar panels, but this comes at a higher price. On the other hand, polycrystalline panels are more affordable, but they generate less electricity per square foot covered. You can identify the type of solar panel by its color: mono solar cells are black, while poly solar cells are blue.

Photovoltaic panels are the most visible part of a home solar system, but other components are necessary to connect them with your home appliances. For example, the inverter converts the direct current (DC) power generated by solar panels into the alternating current (AC) power needed by your home’s appliances, and the inverter brand chosen also affects the final price. The same can be said of other components such as the racking system and electrical protections.

There are also optional features for solar power systems, which increase the final price if you include them. For example, if you want a battery system to store solar electricity for use at night, it can add more than $10,000 to your total investment.

Solar Financing

The cost of a solar panel system also depends on how you decide to pay for it. The three most common options are paying in cash, getting a solar loan, and signing a solar lease or power purchase agreement (PPA).

  • Paying in cash for a home solar system results in the lowest possible cost, since you avoid interest and other monthly payments. However, this option is only possible if you have the funds available. A 5-kW solar system will cost you around $14,767 in New York, although you can claim $3,840 back on your next tax declaration.
  • With a solar loan, you can split the investment into smaller and more manageable payments. This means you can use power bill savings to cover loan payments, and you’re essentially going solar with no out-of-pocket costs. However, the total amount paid for your solar system will be higher once you factor in interest payments.
  • A solar lease or PPA consists of using panels that are owned by a solar provider but are installed in your property. The provider is responsible for installation and maintenance costs, and you pay a monthly fee to use the system for an agreed length of time. A lease typically charges you a fixed fee, while a PPA charges you a variable fee based on electricity output. Homeowners who choose this option typically pay a power bill as well, so if you’re signing a lease or PPA, double check that your monthly total will actually be less than your current utility bills.

When deciding how to pay for your solar power system, keep in mind that all incentives go to the legal owner. The system belongs directly to you when paying in cash or using a loan, but it belongs to the provider when signing a lease or PPA, so you won’t be able to claim any tax credits or rebates if you go this route.

Installation Company

Other than equipment and financing costs, the installed price of a solar power system also includes skilled labor. As a result, the price depends on the solar company hired for the job. To ensure professional workmanship, you should look for an installer that has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP). Most of the best solar companies will fit this bill.

We also recommend comparing several solar quotes instead of signing a contract with the first company you contact. You may find lower prices, higher-quality solar equipment, a longer warranty or other benefits. Also, keep in mind that choosing a local installer rather than a national brand can provide technical support more easily if you need it in the future.

If you’re wondering how much it will cost to hire a local installer and get your solar system up and running, you can use this tool or fill out the form below to connect with a trustworthy solar provider in your area.

Get Free Quotes From EcoWatch Approved Solar Installers

New York Solar Incentives

New York offers several incentive programs for solar power systems. Many owners can achieve a solar payback period under five years as a result. We have another article with a detailed explanation of solar incentives in New York, but you can check the following table for a quick summary:

New York Solar IncentiveHow it Affects the Cost of Solar Panels in New York
Solar Energy System Equipment CreditNew York offers a state tax credit when going solar that’s equivalent to 25% of your system costs, up to a maximum of $5,000. This benefit is calculated before the federal tax credit is applied. After both are applied, you’ll see a combined savings of 45.5%.
NY-Sun Megawatt (MW) Block IncentiveDepending on their location in the state of New York and the type of building, solar power systems can qualify for upfront cash rebates from the NY-Sun incentive program.
New York Solar Sales Tax ExemptionWhen purchasing a solar panel system in New York, you aren’t charged the sales and use tax.
Net Metering in New YorkNew York requires net metering by law, which means power companies give you full credit for the surplus solar generation that is sent to the grid.
Local solar incentivesOther than the statewide incentives, additional benefits may be available from your city, county or utility company. Make sure you do some quick research about local incentives before installing solar panels.
Federal solar tax creditSolar power systems in the U.S. are eligible for a 26% tax credit, which can be combined with local incentives. In the case of New York, there is also a 25% state tax credit.

FAQ: Cost of Solar Panels in New York

Is it worth going solar in NY?

Yes, it’s generally worth going solar in New York. Solar panels can achieve a payback period of fewer than five years in the state but last for more than 25 years. New York’s electricity prices are among the highest in the U.S., and solar costs are greatly reduced thanks to a combination of incentives. You get a 25% state tax credit in addition to the 26% federal tax credit, and you may qualify for a rebate from the NY-Sun program.

What is the average cost of solar panels in NY?

You can expect to pay around $2.95 per watt for solar panels in New York. This translates to $14,767 for a 5-kW system. However, federal and state tax credits give you a large chunk of this amount back in less than a year. This reduces the net cost to only $8,048.

How much do solar panels cost for a 2,000-square-foot house?

Based only on square footage, the ideal capacity of a home solar system cannot be estimated accurately. To provide an accurate quote, solar installers need to check your monthly power bills and roof conditions.

Are solar panels free in New York?

Currently, there are no incentive programs that offer free solar panels in New York.

Leonardo David is an electromechanical engineer, MBA, energy consultant and technical writer. His energy-efficiency and solar consulting experience covers sectors including banking, textile manufacturing, plastics processing, pharmaceutics, education, food processing, fast food, real estate and retail. He has also been writing articles about energy and engineering topics since 2015.

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Maryland offers several incentive programs for home solar panel systems and gets a decent amount of sunshine throughout the year — but is solar a good investment for your home? In this article, we’ll discuss the average cost of solar panels in Maryland and the main factors that affect prices. We’ll also cover the main incentives available when going solar in the Old Line State, which include a rebate program and solar tax exemptions.

We’ll give you an idea of average costs below, but to find out exactly how much it would cost to put a solar energy system on your roof, you’ll need to get a free quote from a solar installer near you. To get started right away, you can use this tool or fill out the form below to be connected with a certified local solar company.

Get Free Quotes From EcoWatch Approved Solar Installers

How Much Do Solar Panels Cost in Maryland?

Maryland has slightly above-average solar energy costs, but prices aren’t unreasonably high. Based on our market research and data from leading brands, we’ve found that the average cost of solar panels in Maryland is $2.77 per watt. The U.S. average is $2.66 per watt, which means Maryland’s solar costs are 4% above the national average.

Based on this information, you can expect to pay around $13,867 for a 5-kW home solar system in Maryland. However, once you factor in the federal solar tax credit, the net price for a system of this size decreases to $10,261. The following table provides the typical cost for some common solar system sizes in Maryland:

Size of Solar Panel SystemCost of Solar Panels in MarylandCost After Federal Tax Credit
5kW$13,867$10,261
6kW$16,640$12,314
7kW$19,413$14,366
8kW$22,187$16,418
9kW$24,960$18,470
10kW$27,733$20,523

Just keep in mind these are averages, and costs can vary widely depending on a number of variables. The best recommendation we can give is to contact a professional solar installer for an accurate design and quote.

What Determines the Cost of Solar Panels in Maryland?

When going solar, the most important factor that determines the cost of your system is your energy consumption and how many solar panels you need. Larger homes tend to need more solar panels, but this is not always the case. For example, a small home with old appliances can consume more electricity than a large home with newer, energy-efficient appliances.

The cost of a home solar system also depends on what you want to achieve. If you simply want to reduce your power bills, you can use solar panels on their own to offset part of your consumption. On the other hand, if you want an electricity source that will be available day and night, you’ll need to install a solar battery system as well.

The cost of going solar also depends on the equipment brands you pick, how you decide to finance your system and the installation company hired for the job. Let’s discuss how these factors affect the price of your solar PV system.

Solar Equipment

There are many brands of solar panels and inverters, and each offers different features. For example, some solar manufacturers focus on making affordable products, while others offer the most efficient solar panels that come with higher prices. System prices also depend on the type of solar panels used: monocrystalline panels have higher wattages and efficiency ratings than polycrystalline panels of the same size, but they also come with higher prices.

The cost of a home solar system also increases if you add more features. For example, if you want a home battery like the Tesla Powerwall or LG Chem RESU, and an advanced monitoring system to track your energy, expect higher installation costs.

Regardless of the solar equipment you pick, make sure you get a solid warranty. As a bare minimum, you will want solar panels with a 10-year product warranty, which is considered the industry standard. However, you can also find brands that offer 25-year warranty coverage.

Solar Financing

The total amount paid for your home solar system also depends on how you decide to finance the project. There are three main options: a cash purchase, a solar loan, and a lease or PPA.

Solar Financing MethodProsCons
Cash purchase+ Will result in the lowest cost, as you’re paying the full price upfront– You’ll need to pay a large amount of cash at once (over $10,000 for a 5-kW solar system in Maryland)
Solar loan+ Allows you to split the investment into smaller payments+ You can use your power bill savings to pay off the loan– You must pay interest, which increases your overall solar system costs
Solar lease or power purchase agreement (PPA)+ The panels will be installed on your roof at no cost to you– You’ll still need to pay to access the energy that’s produced by the panels- The installer owns the system, which means you aren’t eligible to claim any solar incentives

Installation Company

The all-in price of a residential solar system not only includes equipment, but also qualified labor. This means the cost of solar panels in Maryland will vary depending on the installation company chosen, even if using the same panels or other components. We recommend comparing several solar quotes instead of going with the first option available. This way, you can make sure you’re getting a good deal.

But should you go with a local installer or a national, recognized company? There are pros and cons of each:

  • Local installers may have lower prices, as they must travel a shorter distance and their overhead costs are reduced. They also offer the advantage of being nearby in case you need technical assistance.
  • National installers can get discounts for bulk purchasing equipment, and many have local offices or certified technicians that can help out if you need assistance and are far from the company’s headquarters. 

In the case of Maryland, we strongly recommend looking for a solar installer with technicians that are certified by the North American Board of Certified Energy Practitioners, or NABCEP. This is a mandatory condition for one of the solar incentive programs available in the state.

You can connect with a pre-screened installer in your area by using this tool or filling out the form below.

Get Free Quotes From EcoWatch Approved Solar Installers

Maryland Solar Incentives

Maryland offers several incentives that improve your return on investment when going solar. The following table summarizes the main features of each program, and we also have a dedicated article where you can read more about Maryland solar incentives.

Maryland Solar IncentiveHow it Affects the Cost of Solar Panels in Maryland
Renewable Energy CreditsIn Maryland, solar power systems earn one Solar Renewable Energy Credit (SREC) for every 1,000 kWh of power they generate. 
As of late 2021, Maryland SRECs have been trading for around $78 each. This means you get an extra 7.8 cents per kilowatt-hour in addition to your power bill savings.
Residential Clean Energy Grant ProgramMaryland has a $1,000 rebate program for any approved solar power system with a capacity of at least 1 kW. You must hire a NABCEP certified installer to qualify for this benefit.
Tax ExemptionsHome solar systems in Maryland are exempt from the state’s 6% sales tax, and the increase in your home value after the panels are installed is exempt from property tax evaluations.
Net MeteringMaryland has a favorable net metering policy for home solar systems. You get full credit for any excess power that you send back to the local utility grid, and the credit can be rolled over to the next month.
Local Solar IncentivesSmaller programs may be available from certain utility companies or municipalities. Before going solar, do some quick research on your area to make sure you don’t miss out.
Federal Solar Tax CreditThe U.S. offers a federal solar investment tax credit that’s worth 26% of your installation costs. This benefit can be applied on top of local incentives.

FAQ: Cost of Solar Panels in Maryland

How much does it cost to install solar panels in Maryland?

The average cost of solar panels in Maryland is $2.77 per watt. You can expect to pay $10,261 for a 5-kW solar system installation after subtracting the federal tax credit, and keep in mind you can also qualify for a $1,000 rebate through the state. 

Do solar panels make sense in Maryland?

In Maryland, you can earn Solar Renewable Energy Credits (SREC) that represent additional cash flow beyond your power bill savings, and the state also has a favorable net metering policy. In addition, there is a local rebate program that offers $1,000 upfront when going solar, and you are exempt from sales and property taxes.

These incentives certainly help solar make sense in Maryland, but whether a solar panel installation is worth it for your home will depend on a number of factors. We recommend booking a free consultation with an installer near you to learn more about your home’s solar viability.

Are solar panels free in Maryland?

Currently, there are no programs that offer free solar panels in Maryland, but your upfront cost is reduced thanks to the local rebate program and several tax deductions. If you are offered “free solar panels” by an installation company, it’s likely a marketing tactic to get you to sign a solar lease or power purchase agreement (PPA).


Leonardo David is an electromechanical engineer, MBA, energy consultant and technical writer. His energy-efficiency and solar consulting experience covers sectors including banking, textile manufacturing, plastics processing, pharmaceutics, education, food processing, fast food, real estate and retail. He has also been writing articles about energy and engineering topics since 2015.

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