Solar Panel Cost Guide in Skidaway Island, GA (2024 Update)
- Skidaway Island Solar Installation Cost: $15,966
- 25-Year Savings: $24,775
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Skidaway Island
Find out what the average cost of a solar system is in Skidaway Island.
The average cost of a solar panel system in Skidaway Island is 4 per watt.The average Skidaway Island homeowner needs a 6.1-kilowatt system, which would cost about $15,966 with the federal tax credit, or $22,831 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Skidaway Island homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront investment in solar panels is worth paying. On average Skidaway Island homeowners see about $22,000 in savings on electricity bills over 20 years.
To receive a free estimate from a pre-vetted solar installation company in Skidaway Island, you can click the button below.
Solar savings over time in Skidaway Island
| Year | Return on Investment |
|---|---|
| 1 years | $-14,373 |
| 3 years | $-11,186 |
| 5 years | $-8,000 |
| 7 years | $-4,813 |
| 9 years | $-1,627 |
| 11 years | $1,560 |
| 13 years | $4,746 |
| 15 years | $7,933 |
| 17 years | $11,119 |
| 19 years | $14,306 |
| 21 years | $17,492 |
| 23 years | $20,679 |
| 25 years | $23,865 |
Top Solar Installers in Skidaway Island
Installing solar panels yourself can be a dangerous project, which is why using a solar installer is a good option for many homeowners. In addition, if you’d like to maximize your investment in solar power, using a solar company can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
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 Skidaway Island
Factors that Affect Solar Panel Costs in Skidaway Island
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Skidaway Island: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The kind of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that are more efficient, 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 looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels out of pocket 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 estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Skidaway Island, and each can charge varying amounts for labor and equipment.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 with an above-average cost. It’s best to do some research and go with the company that provides the products, warranties and services you want and also is 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 | $18,748 | 11.6 years |
| 8 kW | $3.81 | $21,363 | $25,416 | 11.4 years |
| 10 kW | $3.74 | $26,180 | $32,294 | 11.2 years |
| 12 kW | $3.67 | $30,788 | $39,381 | 11.0 years |
| 14 kW | $3.59 | $35,186 | $46,678 | 10.7 years |
| 16 kW | $3.52 | $39,375 | $54,184 | 10.5 years |
| 18 kW | $3.44 | $43,354 | $61,899 | 10.3 years |
| 20 kW | $3.37 | $47,124 | $69,824 | 10.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in Skidaway Island, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which installer you should go with, since different companies have different panels.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
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 Skidaway Island, GA Solar Cost FAQs
What is the average cost of installing solar panels in Skidaway Island?
The average cost of solar panels in Skidaway Island 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 use.
Can you get solar panels for free in Skidaway Island?
A solar panel system isn’t free in Skidaway Island, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on power bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Skidaway Island, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.