Solar Panel Cost Guide in Grayson, GA (2024 Update)
- Grayson Solar Installation Cost: $17,759
- 25-Year Savings: $20,910
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Grayson
We go over average solar pricing in Grayson.
The national average cost of solar panels is $2.66 per watt, but in Grayson it’s 4 per watt.To account for the typical energy needs of the average home in Grayson, most homeowners require a 6.8-kilowatt system. Using the figure above, a solar installation costs about $17,759, or $25,395 before the federal solar tax credit of 0 is applied.
How much you pay can be above or below the average in Grayson based on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Grayson can save about $18,000 on their energy bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Grayson
| Year | Return on Investment |
|---|---|
| 1 years | $-16,166 |
| 3 years | $-12,980 |
| 5 years | $-9,793 |
| 7 years | $-6,607 |
| 9 years | $-3,420 |
| 11 years | $-234 |
| 13 years | $2,953 |
| 15 years | $6,139 |
| 17 years | $9,326 |
| 19 years | $12,512 |
| 21 years | $15,698 |
| 23 years | $18,885 |
| 25 years | $22,071 |
Top Solar Installers in Grayson
Although you can install solar panels on your own, it requires extra time and know-how. For that reason, the majority of homeowners choose to hire a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our recommendations for providers nearby:
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 Grayson
Factors that Affect Solar Panel Costs in Grayson
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Grayson: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Grayson, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by about $3,740 for each additional kilowatt you need.The type of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Grayson provide solar loans, which reduce your upfront costs of installing solar.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies operating in Grayson, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $12,869 | 14.0 years |
| 8 kW | $3.81 | $21,363 | $17,577 | 13.7 years |
| 10 kW | $3.74 | $26,180 | $22,495 | 13.4 years |
| 12 kW | $3.67 | $30,788 | $27,622 | 13.2 years |
| 14 kW | $3.59 | $35,186 | $32,959 | 12.9 years |
| 16 kW | $3.52 | $39,375 | $38,505 | 12.6 years |
| 18 kW | $3.44 | $43,354 | $44,261 | 12.4 years |
| 20 kW | $3.37 | $47,124 | $50,226 | 12.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: The brand of solar panel you’d like plays a role in which installer you should choose, since different companies offer different panels.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
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 Grayson, GA Solar Cost FAQs
How much does it cost to install solar panels in Grayson?
This is a difficult question to answer precisely, because the cost depends on a variety of 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 higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Grayson is currently $424,344, which means you could be looking at a value of about $17,398 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Grayson is a worthwhile investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.