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%.

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.

Does Georgia pay taxes on solar installation?

The cost of installing renewable energy systems in Georgia, including solar, is supported by the federal solar investment tax credit. This tax credit amounts to 30% of the value of the solar system and is claimed on your taxes in the year following installation.

Do solar panels increase home value in Georgia?

Yes, solar panels increase home value in Georgia. Typically, you can expect to boost your home's value by around 4.1%. Based on the average Georgia house price, that's an increase of $12,204, a significant increase.

Can solar panels withstand hail in Georgia?

Solar panels are made from tempered glass, and many manufacturers test the panels to withstand hail that falls at 50 miles per hour. Areas in Georgia that are prone to hailstorms may consider a solar panel cover to offer extra protection. HomeAdvisor's Guide to the Cost of Solar Panels in Georgia explores solar panel cost by type and location.

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.