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 kW solar system cost in Georgia?

You can expect to pay $13,000 for a 5 kW rooftop solar system in Georgia, which would equal a federal tax credit of $3,900 (or 30%). This means the net cost of your solar array falls to $9,100. The ITC is available for solar systems installed on main residences and secondary homes, but not rental properties.

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.

How much does a power system cost in Georgia?

For Georgia, you can use $3.52 per watt to determine the price of a larger system (system size x price per watt x 0.7 to account for tax incentives). High Power Bills? Cost: About $12,635 for a 5 kW system to $22,743 for a 9 kW system after tax credit. Savings: 7 year payback; about $24,566 saved over 20 years.

Does Georgia Power offer solar?

From home installation and our buy back program, to non-installation options, our goal is to make solar an option for every Georgia Power customer. Learn more about our behind-the-meter solar programs, including the new Renewable and Nonrenewable Resources (RNR) program, and how to interconnect your system.

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.