You might be surprised to learn that Georgia is a leader in solar energy. The state ranks 9th in the nation for solar energy generation and receives about 3.49 percent of its electricity from solar power — enough to power nearly 360,000 homes. Solar power in Georgia has far more benefits than just environmental ones. There are nearly 200 solar companies in the state, creating more than 4,400 jobs.
Keep reading to learn more about solar panels in Georgia — how much they cost, the benefits of installing them on your home, and how to get started.
Georgia solar panel cost
On average, residential solar systems cost between $3 and $5 per watt. The average 5-kW residential system has a price tag of anywhere from $15,000 to $25,000 before tax credits and other financial incentives.The cost of solar panels in Georgia depends on a variety of factors, including the size, configuration, and components of your system, as well as any labor costs and local permitting charges.
While solar panels are a substantial investment, it doesn’t take long to recover your investment thanks to financial incentives and energy savings. The average time to break even is just 6-9 years.
Why choose Georgia solar power?
More and more consumers are investing in solar power for their homes, and for good reasons. Here are some reasons why solar power might be a good idea for you:
Lower energy costs
The first major benefit of investing in solar power is the financial savings you can see. When you install solar panels and rely on that energy to power your home, you’re no longer paying to use traditional energy sources. As a result, you can save hundreds of dollars (or more) per year on electricity costs. Solar panels can also increase the value of your home, allowing you to recover much of your investment if you eventually sell your home.
Establish energy independence
Energy independence means you’re no longer reliant on the traditional energy grid to power your home. First, this means you’re no longer vulnerable to price hikes during times of high demand. But it also means that during power outages, you can continue to power your home.
Investing in solar panels doesn’t just benefit you — it also helps the planet. Traditional energy generation emits greenhouse gasses, which contribute to climate change and pollutes our air and water. By relying on green energy to power your home, you can reduce your home’s environmental footprint.
Georgia solar panel incentives or rebates
There’s no doubt that solar panels are a financial investment. The good news is that federal, state, and local governments have created financial incentives to help homeowners who choose to install solar panels.
First, the federal government offers a tax credit that allows homeowners to reduce their tax bills in exchange for installing renewable energy infrastructure on their homes. The tax credit is 26 percent for systems installed through 2022, and 22 percent for systems installed in 2023. There’s no maximum to how much you can claim.
The state of Georgia also has incentives in place. For example, net metering in the state allows homeowners to sell their excess solar energy back to the grid. This means that not only can you save money with your solar panels, but you can actually make a profit.
Should I buy or lease my solar panels?
When you install a solar system on your home, you’ll have the option to either buy or lease your solar panels. Over the long run, buying your own panels is the more economical choice.
First, buying your solar panels allows you to take advantage of the available tax credits, while leasing does not. Buying will also result in more savings over the long run since you’ll eventually break even and begin to have even greater savings. But when you lease, you’ll always have a monthly payment. Finally, solar panels can increase your home’s resale value by $15,000, meaning you can potentially make back your entire investment when you sell your home.
While buying panels is more economical in the long run, leasing solar panels is still a great option, and makes solar power more accessible for those who can’t purchase. Another option is a community solar program, which allows individuals to enjoy the benefits of solar power without the large upfront investment.
Georgia solar panel companies
There are many solar panel companies in Georgia that can install solar panels for your home. With so many options, it’s important to research the different solar installers, ask for customer testimonials, and ask about warranties before signing a contract. SaveOnEnergy offers a wealth of resources on this page to help you find the best Georgia solar panel installer.
The history of solar power in Georgia
Solar power in Georgia can be traced as far back as 1978, when the state passed the Solar Easements Act of 1978, assuring solar owners access to sunlight. The state passed more solar policy in 2001, with the implementation of its net metering program, providing the first financial incentive for solar owners in the state.
Thanks to Georgia’s early investment in solar power, the state is a leader in solar energy. The state ranks 9th in the nation for solar generation, and Atlanta has pledged to rely on 100 percent renewable energy by 2035.
Important solar installation factors to consider
- Solar panels work best on south-facing roofs with slopes between 15 and 40 degrees. They are also best-suited for roofs in good condition that won’t need to be replaced soon.
- Solar panels are only effective when they get sunlight. As a result, they are the best investment in regions with lots of sunshine.
- Some homeowners’ associations have restrictions around the use of solar panels or require approval before installation.
Solar power FAQs
How much would solar cost in Georgia?
Residential solar systems often cost between $15,000 and $25,000. The exact price of a system depends on its size, components, and configuration. Your actual costs may be less when you account for tax credits and other financial incentives.
Is solar power a good investment in Georgia?
Solar panels can be an excellent investment as they help reduce your energy costs and increase the value of your home. Whether they’re a good investment for you depends on several factors, including your location, the weather patterns in your area, and your energy usage habits.
How much could I save by investing in solar?
Georgia residents have some of the highest average electricity bills in the nation at $137.10. If you could entirely replace your energy use with solar power, you could save more than $1,600 per year — and that doesn’t include profit from net metering and the increase in your home’s resale value.
Where can I find a good solar panel installer in Georgia?
SaveOnEnergy can help connect you with trusted solar installers in your area. Use the resources on this page to better understand solar energy in Georgia. Once you have a solid understanding of the solar industry, you can begin your search for the best Georgia solar panel company.
How does solar power help the environment?
Unlike traditional energy generation, solar energy generation doesn’t result in greenhouse gas emissions. As a result, using solar power helps reduce climate change and reduce pollution in our air and water.