Solar Panel Cost Guide in Gresham Park, GA (2024 Update)
- Gresham Park Solar Installation Cost: $17,721
- 25-Year Savings: $23,578
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Gresham Park
Find out how much it might cost to install solar panels in Gresham Park.
Although the national average of solar panels is $2.66 per watt, solar panels in Gresham Park typically cost about 4.The average Gresham Park homeowner needs a 6.8-kilowatt system, which would cost about $17,721 with the federal tax credit, or $25,341 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.But, after you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $20,000 over 20 years on utility bills.
Click the button below to get connected to a reputable solar company in Gresham Park for a custom estimate.
Solar savings over time in Gresham Park
| Year | Return on Investment |
|---|---|
| 1 years | $-16,128 |
| 3 years | $-12,942 |
| 5 years | $-9,755 |
| 7 years | $-6,569 |
| 9 years | $-3,382 |
| 11 years | $-196 |
| 13 years | $2,991 |
| 15 years | $6,177 |
| 17 years | $9,364 |
| 19 years | $12,550 |
| 21 years | $15,736 |
| 23 years | $18,923 |
| 25 years | $22,109 |
Top Solar Installers in Gresham Park
Although it's possible to install solar panels on your own, it takes extra time and handiness. Because of that, most people choose to go with a solar panel installer. A solar company can also help save you money in the long run by offering warranties, repairs and part replacements.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Gresham Park
Factors that Affect Solar Panel Costs in Gresham Park
There are many criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable 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.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Gresham Park, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable choice because they lower your upfront costs and let you pay for your system over five to seven years on average.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Gresham Park is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different price points.You may see national solar installers that have lower prices due to their larger 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 | $15,272 | 12.9 years |
| 8 kW | $3.81 | $21,363 | $20,782 | 12.7 years |
| 10 kW | $3.74 | $26,180 | $26,501 | 12.4 years |
| 12 kW | $3.67 | $30,788 | $32,430 | 12.2 years |
| 14 kW | $3.59 | $35,186 | $38,568 | 11.9 years |
| 16 kW | $3.52 | $39,375 | $44,915 | 11.7 years |
| 18 kW | $3.44 | $43,354 | $51,472 | 11.4 years |
| 20 kW | $3.37 | $47,124 | $58,238 | 11.2 years |
How to Save on Solar Panels
There are numerous companies to choose from in Gresham Park, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Solar Panel Brands: The kind of solar panel you’d like to install plays a role in which company you should choose, since different companies have access to different panels.
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 Gresham Park, GA Solar Cost FAQs
How much does it cost to install solar panels in Gresham Park?
The average cost of solar panels in Gresham Park is about $18,700 for a 5-kW system and $37,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Gresham Park?
A solar panel system isn’t free in Gresham Park, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know 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 home 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.