Solar Panel Cost Guide in Covington, GA (2024 Update)
- Covington Solar Installation Cost: $17,464
- 25-Year Savings: $19,180
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Covington
Find out how much it might cost to go solar in Covington.
The average cost of a solar panel system in Covington is 4 per watt.Using this figure, a typical 6.7-kW system would cost about $17,464 before the 0 federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will most likely look different based on your specific situation and what company you go with.Even with the large initial cost, the average Covington homeowner can save around $18,000 on their power bills over 20 years, which is one of the positives of solar.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Covington
| Year | Return on Investment |
|---|---|
| 1 years | $-15,937 |
| 3 years | $-12,885 |
| 5 years | $-9,832 |
| 7 years | $-6,779 |
| 9 years | $-3,727 |
| 11 years | $-674 |
| 13 years | $2,379 |
| 15 years | $5,431 |
| 17 years | $8,484 |
| 19 years | $11,537 |
| 21 years | $14,589 |
| 23 years | $17,642 |
| 25 years | $20,695 |
Top Solar Installers in Covington
Although it's possible to install solar panels by yourself, it takes extra energy and handiness. Because of that, almost all homeowners choose to hire a solar panel installer. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you're searching for a solar company in Covington, the EcoWatch team has put together a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Covington
Factors that Affect Solar Panel Costs in Covington
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Covington: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,740.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Covington average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Covington, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Covington, and each can charge varying amounts for labor and equipment.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.89 | $16,336 | $11,625 | 14.6 years |
| 8 kW | $3.81 | $21,363 | $15,919 | 14.3 years |
| 10 kW | $3.74 | $26,180 | $20,423 | 14.0 years |
| 12 kW | $3.67 | $30,788 | $25,136 | 13.8 years |
| 14 kW | $3.59 | $35,186 | $30,058 | 13.5 years |
| 16 kW | $3.52 | $39,375 | $35,190 | 13.2 years |
| 18 kW | $3.44 | $43,354 | $40,531 | 12.9 years |
| 20 kW | $3.37 | $47,124 | $46,082 | 12.6 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Covington, GA Solar Cost FAQs
What is the average cost of installing solar panels in Covington?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $18,700 for a 5-kW system and $37,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Covington?
You can’t get solar panels for free in Covington. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Covington?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.