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 do solar panels cost?

The cost of solar panels in Georgia is currently lower than the average price of $3.00 per watt across the United States for residential solar power systems. The size of a solar panel system affects the installation cost, with larger installations having a lower cost per watt due to 'bulk pricing'.

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.

Can a solar power system lower your electricity bill in Georgia?

On average, a solar power system in Georgia can lower your electricity bill and pay for itself over time. Below you can see power generation, cost, and savings of different system sizes. Go Solar for less than your cell phone bill. Purchasing solar panels is no small task. Here are a few ways you can pay for solar:

How much does it cost to install a solar system?

Installing a residential solar panel system — also called a photovoltaic or PV system — can cost between $10,000 to $30,000 or more. Individual costs vary significantly. On the high end, Brad in Bogart said he was quoted $40,000 to go solar, including battery backup. The size of your system plays a big factor in the cost.

What is a typical solar system size in Georgia?

The typical system size for solar systems in Georgia is 11 kilowatts (kW). To determine what system size you need, find the amount of electricity you used in the last year in kilowatt-hours (kWh) by going to your old bills or your local utility’s online dashboard. Then, divide your annual number of kWh by 1,200.