What tax credits do solar panels get in Georgia?

The federal solar investment tax credit (ITC) is the biggest factor reducing the cost of going solar in Georgia. If you install a residential solar panel system by the end of 2032, you receive a federal income tax credit equal to 30% of the system's total cost. That includes equipment, labor and permits.

Is Georgia a good state to install solar panels?

With higher than average electricity prices and abundant sunshine, Georgia's a pretty great state for solar energy. It may not have the best local solar incentives, but as a Georgian, you can still take advantage of solar's most valuable incentive, the Federal Tax Credit. Here's what you should know about installing solar panels in the Peach State.

How much do solar panels cost in Georgia?

Solar panels will save you a lot of money over time, but the upfront costs aren't cheap. The average Georgia homeowner needs a 12.35 kW solar panel system to cover their electricity needs, which comes out to $31,703 before incentives. Prices range from $26,948 to $36,458, but after the federal tax credit, that drops by 30%.

How much does a 5 kilowatt solar installation cost in Georgia?

Currently, the average price of 5-kilowatt solar installation in Georgia is between $13,500 and $12,733. That is the price before you claim the 30% federal tax credit. After the tax credit, the price comes down to about $9,423, which equals approximately $2.55 per watt.

Why should you choose a solar panel system in Georgia?

With a solar panel system, your monthly energy needs will be met in a new way. This means you won’t have to use as much of other energy resources, which will certainly lower your power bill. In Georgia, there is a buyback for excess energy. 2. Environmentally-Friendly Energy

Is solar energy a good choice for Georgia homeowners?

Environmental benefits: If you are trying to do your part and help the environment, solar energy is a great choice for Georgia homeowners. Solar systems help reduce your carbon footprint, contributing to a cleaner environment for the future.