Average Cost of Solar Panels In Georgia | 2023

ifeoluwa Daniel
May 15, 2023
6 min read

Updated: Jul 10, 2023

But here's the real kicker: the cost of solar photovoltaic (PV) systems, the heart and soul of converting sunlight into electricity, has taken a nosedive, plummeting by a staggering 80% over the last ten years. Incredible, isn't it? It's no wonder that more Georgians than ever are basking in the glow of solar power, embracing this renewable energy source with open arms.

In this article, we'll be your personal solar guide, shedding light on the average cost of solar panels in Georgia for the year 2023. So whether you're a curious onlooker or a prospective solar panel owner, sit tight, and let's embark on this enlightening journey together…

Key Takeaways

Solar power growing in Georgia
Average cost: $2.33/W ($11,650 for 5kW)
Location affects installation costs
Worthwhile investment for homeowners
System size tailored to household needs
Incentives: Net metering, federal ITC (30%)
Positive environmental impact

Understanding Solar Energy

But really, have you ever wondered how sunlight becomes electricity?

Think of solar panels as sun-hungry plants. Just as plants soak up sunlight for photosynthesis, solar panels devour sunlight, converting it into electricity. Solar panels house an army of cells composed of a material called silicon. When sunlight hits these cells, it sets off a race of electrons, and voila – we've got electricity!

Wait, there's more... Solar power doesn't just generate electricity; it packs a punch with a heap of benefits. For starters, it's renewable. The sun isn't going anywhere soon, right? Next, it's clean – no smoke, no harmful emissions, just pure energy. Plus, solar power can help you trim your energy bills. Imagine slashing your electricity bills by up to 80%! How's that for a silver lining?

Now, let's talk Georgia. Known for its balmy climate and generous sunlight, it's no surprise that Georgia is a hotbed for solar energy. And with energy consumption in the state rising, solar power isn't just a good idea; it's a necessity.

The Cost of Solar Panels in Georgia Depends on Your Location

You see, not all of Georgia is created equal when it comes to solar power. Some spots are sunnier than others, and this plays a big role in your potential solar savings. More sun equals more power, which can mean lower electricity bills... It's as simple as that!

But the sun isn't the only player in this game. Local regulations can also swing the cost pendulum. For example, certain areas might require specific permits or inspections for solar installations, and these can add to the overall cost. On the flip side, some local governments offer incentives to go solar, which could make your wallet breathe a sigh of relief.

But in general, Georgia tops the charts when it comes to affordable solar panel installation. On average, Peach State residents shell out around $2.33 per watt. To put that into perspective, a standard 5kW system would set you back roughly $11,650. Yes, you read that right! We're outpacing solar giants like California and Arizona by a country mile in terms of upfront costs.

But here's the real cherry on top. This investment shines even brighter when you consider the typical electricity rates in Georgia. Brace yourself - we're ranked 8th highest in the nation for power bills, with homeowners dishing out an average of $140.21 per month. Ouch!

That's where solar power swoops in like a superhero. The upfront cost of a solar panel system might seem steep, but when you consider the potential savings over its lifetime, it's more like a golden goose. The higher your electricity bill, the quicker your solar panels pay for themselves, and from then on, it's just pure savings

So, while we're discussing the average cost of solar panels in Georgia, remember that your mileage may vary. Your best bet? Get a personalized quote. After all, when it comes to solar power, one size doesn't fit all! Compare Georgia solar panels to solar panels in Texas or solar panels in Arizona for a better idea of how well the Peach state ranks.

Are Solar Panels Worth it in Georgia?

Remember that average monthly power bill we mentioned earlier – the one that's got us ranked 8th highest in the nation? Imagine waving goodbye to that $140.21 expense each month. Sound like a dream? With solar panels, it's a dream come true.

Let's say you install a 5kW system for the average cost of $11,650. If you're offsetting $140.21 in electricity each month, that's a yearly savings of over $1,680. In less than seven years, you've recouped your initial investment, and everything after that is just icing on the cake. And considering most solar panels have a lifespan of 25 to 30 years, that's a lot of icing!

And let's not forget about the savings. The average Georgian will spend over $33,000 on electricity in the next 20 years. Switching to solar could save you a chunk of that change. And with the cost of solar installation in Georgia being lower than the national average, those savings start to add up quickly!

But wait, there's more! We haven't even factored in the tax credits, incentives, and potential increase in home value. With these added benefits, you could be looking at an even quicker payback period.

So How Much Solar Do You Need In Your House?

As a resident of Georgia, you might be wondering how much solar you need to power your house.

Well, let's dig a little deeper into this. We've already established that the size of your solar system depends on your personal energy use and Georgia's abundance of sunlight. But let's face it, we Georgians love our AC, our big-screen TVs, and our well-lit homes. And this love affair with electricity means we might need a beefier solar system than most.

You see, on average, a Georgian home gobbles up about 1,081 kWh per month. That's a whopping 36 kWh per day, folks! Now, given our average peak sun hours of around 4.74 hours, we'll need a solar system that can pump out around 7.6 kW per hour to offset this usage.

So, in the grand scheme of things, we're looking at a solar system that would cost roughly $17,708 before incentives. But hey, don't let that number scare you! Remember, solar is a long-term investment. Plus, there are various incentives to help ease that upfront cost. You can discover more insights using this Georgia sun chart.

But keep in mind, these figures are based on averages. Your own energy consumption and the amount of sun your house gets might mean you need a different sized system. That's why it's important to get a personalized quote from a reliable solar installation company. They'll help you navigate these waters and find the perfect fit for your home.

What are the Solar Incentives for 2023 in Georgia?

There are some attractive perks that make the switch to solar even more appealing.

First off, we've got the federal Investment Tax Credit (ITC). It's like a discount coupon but for solar panels! This can help to slash your solar installation costs by a hefty 30%.

But that's not all. Georgia's own net metering program is another big player in the game. Think of it as a smart little helper in your house, keeping track of the electricity you're pumping into the grid and the electricity you're drawing from it.

Now, here's the kicker... If you're producing more energy than you're using during the day, the excess power gets sent back to the grid. Neat, right? And when your panels are catching some sleep at night or on cloudy days, you can draw back that energy from the grid. This handy system means you don't need to cough up extra cash for a battery to store your solar power.

In the end, it's clear as a sunny day in Georgia that solar panels are worth every penny. They're not just good for your wallet, but also for our beautiful Peach State and the planet.

So, what's the verdict, folks? Are you ready to bask in the glow of solar power? Remember, every solar panel counts, and your decision could make a world of difference.

FAQ

How long does it take for solar panels to pay back in Georgia?

The payback period for solar panels in Georgia varies but generally falls between 8 to 10 years, depending on energy consumption, solar system size, and applicable incentives

What is the average cost of 1 solar panel?

How long do solar panels last?