Solar Panel Cost Guide in Statesboro, GA (2024 Update)
- Statesboro Solar Installation Cost: $16,904
- 25-Year Savings: $22,390
- Payback Period: 12.5 Years
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Average Cost of Solar Panels in Statesboro
We break down average solar pricing in Statesboro.
The national average cost of solar panels is $2.66 per watt, but in Statesboro it’s 4 per watt.The average solar panel system size in Statesboro is around 6.5 kilowatts, meaning a cost of about $16,904 for a solar installation, or $24,173 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.Many homeowners find adopting solar power is a sound investment. The average homeowner in Statesboro can save about $20,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar company in Statesboro that can help you get a more accurate cost estimate for your home.
Solar savings over time in Statesboro
| Year | Return on Investment |
|---|---|
| 1 years | $-15,311 |
| 3 years | $-12,125 |
| 5 years | $-8,938 |
| 7 years | $-5,752 |
| 9 years | $-2,565 |
| 11 years | $621 |
| 13 years | $3,808 |
| 15 years | $6,994 |
| 17 years | $10,181 |
| 19 years | $13,367 |
| 21 years | $16,554 |
| 23 years | $19,740 |
| 25 years | $22,927 |
Top Solar Installers in Statesboro
When switching to solar energy, many homeowners choose to hire a solar installation company since overseeing your solar installation yourself can be a challenging project. Some solar companies, particularly local ones, can help you better understand incentives in Statesboro, optimizing your ROI.
Working with a professional solar company 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 Statesboro
Factors that Affect Solar Panel Costs in Statesboro
There are a number of criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Statesboro, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in Statesboro, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can impact the cost. Statesboro’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Statesboro have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $15,179 | 13.0 years |
| 8 kW | $3.81 | $21,363 | $20,657 | 12.7 years |
| 10 kW | $3.74 | $26,180 | $26,345 | 12.5 years |
| 12 kW | $3.67 | $30,788 | $32,242 | 12.2 years |
| 14 kW | $3.59 | $35,186 | $38,349 | 12.0 years |
| 16 kW | $3.52 | $39,375 | $44,665 | 11.7 years |
| 18 kW | $3.44 | $43,354 | $51,191 | 11.5 years |
| 20 kW | $3.37 | $47,124 | $57,926 | 11.2 years |
How to Save on Solar Panels
There are many 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:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully 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 Statesboro, GA Solar Cost FAQs
What is the average cost of installing solar panels in Statesboro?
The average cost of solar panels in Statesboro 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 type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Statesboro?
You can’t get solar panels for free in Statesboro. 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 want to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a fruitful 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 fairly low, solar panels might not be for you.
How long do solar panels last in Statesboro?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.