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{"id":1157,"date":"2022-06-24T21:31:59","date_gmt":"2022-06-24T21:31:59","guid":{"rendered":"https:\/\/wgsi.org\/?p=1157"},"modified":"2022-06-24T21:32:00","modified_gmt":"2022-06-24T21:32:00","slug":"georgia","status":"publish","type":"post","link":"https:\/\/wgsi.org\/solar-installation\/georgia\/","title":{"rendered":"Cost of Solar Panels in Georgia"},"content":{"rendered":"\n
How Much do Solar Panels Cost in Georgia?<\/h2>\n\n\n\n
The average cost of solar panels in Georgia is around $2.33 per watt, which is one of the cheapest rates in the U.S. <\/strong>A standard solar panel is about 250 watts, which means you are looking at about $582.50 for a 250 watt solar panel. You will need something like 20-28 solar panels to operate your home independent of the grid, meaning your total cost for solar panels is going to be something like $12,000- $16,000, which again is one of the cheapest rates you\u2019re going to find anywhere in the U.S., and this is before we apply any incentives, bonuses, rebates or other extras that might apply to you.\u00a0<\/p>\n\n\n\n
What are the benefits of going solar? <\/h2>\n\n\n\n
The state of Georgia is not a super-progressive state when it comes to encouraging citizens to install solar panels. There are a few things to consider however-<\/p>\n\n\n\n
Georgia\u2019s Solar Power Free-Market Financing Act of 2015: <\/strong>This law makes it possible for residents of Georgia to enter into so-called \u201cpower purchase\u201d agreements, which can often make solar installations more affordable for both private citizens as well as businesses. A power purchase agreement is simply a contract between two parties in which one side agrees to buy electricity from the other based on a pre-established rate. <\/li><\/ul>\n\n\n\n
Solar Power Performance Payments: Otherwise known as PBIs (performance based incentives), the state of Georgia does offer small cash payments based on the performance of your solar panel system. <\/li><\/ul>\n\n\n\n
Federal Tax Credit: The federal government offers anyone making a solar installation a credit on their federal income tax liability of up to 26% of the entire cost of their solar purchase and installation, which could be a value of $5,000 or more dollars. <\/li><\/ul>\n\n\n\n
How much will the addition of solar panels increase my home\u2019s value?<\/em><\/strong><\/h2>\n\n\n\n
There are lots of different ways of calculating how much your home\u2019s value may increase based on the addition of solar panels, but as a general rule of thumb you can expect it to go up by about $10,000 to $20,000. It is also well established among realtors that homes with solar panels tend to sell faster than homes without them. <\/p>\n\n\n\n
How much solar power do I need to power my home?<\/em><\/strong><\/h2>\n\n\n\n
Most homes will require something between 20 and 28 solar panels to fully power them. The amount of energy your home will require will depend on a number of factors, including size, number of residents, the climate of your area, etc. In a place like Georgia with a sub-tropical climate, chances are your air conditioner is going to run most of the year, so your power usage will be higher than that of someone in a milder climate. Your solar installer should be able to look at your past electric bills and give you a clearer picture of your energy usage and how many solar panels you may need to be completely energy-independent. <\/p>\n\n\n\n
What is the \u201cPayback\u201d period for Solar Panels in Georgia?<\/em><\/strong><\/h2>\n\n\n\n
Currently, based on rebates, incentives, tax credits and energy prices in Georgia, you can expect for your solar panels to pay for themselves in around 12 and \u00bd years. This is far faster than in some states, though not the fastest in the country. However, the good news is that your solar panels will last long enough to not only pay for themselves once, but possibly two or more times, meaning essentially you will get twice as much out of them as the money you put in, with a possible savings of as much as $30,000 or more in the lifetime of your panels. <\/p>\n\n\n\n
How long do solar panels last?<\/em><\/strong><\/h2>\n\n\n\n
Average solar panel life expectancy is somewhere between 20 and 30 years, with an average of around 25. Almost all solar panels come with some variety of warranty, and most solar installers also offer a warranty of some kind, usually for around 20-25 years. So you can reasonably expect your solar panels to function and be maintained by your solar installer for at least 20 years, possibly longer, which means you will have free electricity for a long time after your panels have paid for themselves. <\/p>\n\n\n\n
Things to look for in a solar company:<\/em><\/strong><\/h2>\n\n\n\n
Like in anything else, it is best to thoroughly vet your prospective solar installer before committing to such a big money project. Here\u2019s a few things to look at when checking your companies out- <\/p>\n\n\n\n
Time in industry: Many solar companies have popped up in the last decade, and while new companies are often just as good as older ones, you know and I know that you\u2019re going to feel more comfortable with the experienced company with installers who have been through every possible scenario and come out the other side unscathed. By no means should you ignore new companies, but just be aware that older companies are going to have the edge in experience.<\/p>\n\n\n\n