Solar Panel Cost Guide in Holly Springs, GA (2024 Update)
- Holly Springs Solar Installation Cost: $18,038
- 25-Year Savings: $21,466
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Holly Springs
See how much it might cost to make the switch to solar in Holly Springs.
The average cost of a solar panel system in Holly Springs is 4 per watt.To account for the typical energy usage of the average home in Holly Springs, most homeowners require a 6.9-kilowatt system. Using the figure above, a solar installation costs about $18,038, or $25,794 before the federal solar tax credit of 0 is applied.
How much you pay can go higher or lower than the average in Holly Springs depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Holly Springs can save around $19,000 on their power bills over 20 years.
To get a free quote from a top solar installation company in Holly Springs, you can click the button below.
Solar savings over time in Holly Springs
Year | Return on Investment |
---|---|
1 years | $-16,445 |
3 years | $-13,258 |
5 years | $-10,072 |
7 years | $-6,885 |
9 years | $-3,699 |
11 years | $-513 |
13 years | $2,674 |
15 years | $5,860 |
17 years | $9,047 |
19 years | $12,233 |
21 years | $15,420 |
23 years | $18,606 |
25 years | $21,793 |
Top Solar Installers in Holly Springs
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring a solar company can make your switch to solar power much easier. Some solar companies, particularly local ones, can help you take advantage of incentives in Holly Springs, thereby optimizing your ROI.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Holly Springs
Factors that Affect Solar Panel Costs in Holly Springs
The cost of installing a solar system in Holly Springs can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Holly Springs provide solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also adds to your total costs, so it’s crucial to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you select will influence your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also fits within your budget.
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 | $13,066 | 13.9 years |
8 kW | $3.81 | $21,363 | $17,841 | 13.6 years |
10 kW | $3.74 | $26,180 | $22,824 | 13.4 years |
12 kW | $3.67 | $30,788 | $28,018 | 13.1 years |
14 kW | $3.59 | $35,186 | $33,420 | 12.8 years |
16 kW | $3.52 | $39,375 | $39,032 | 12.6 years |
18 kW | $3.44 | $43,354 | $44,854 | 12.3 years |
20 kW | $3.37 | $47,124 | $50,885 | 12.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- 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.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project 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 most likely has a solid reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Holly Springs, GA Solar Cost FAQs
What is the average cost of installing solar panels in Holly Springs?
The average cost of solar panels in Holly Springs 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Holly Springs?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Is it worth going solar in Holly Springs?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 amount 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.