Solar Panel Cost Guide in Walthourville, GA (2024 Update)
- Walthourville Solar Installation Cost: $16,305
- 25-Year Savings: $26,686
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Walthourville
We break down average solar pricing in Walthourville.
The average cost of solar panels in Walthourville is 4 per watt.The average Walthourville homeowner needs a 6.2-kilowatt system, which would cost about $16,305 with the federal tax credit, or $23,316 before the 0 tax credit is applied.
These figures are just averages, and your own solar costs will differ based on your energy needs and what company you go with.But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $23,000 over 20 years on energy bills.
You can click the button below to get connected with a pre-vetted solar installer in Walthourville for a quote for your home.
Solar savings over time in Walthourville
| Year | Return on Investment |
|---|---|
| 1 years | $-14,712 |
| 3 years | $-11,525 |
| 5 years | $-8,339 |
| 7 years | $-5,152 |
| 9 years | $-1,966 |
| 11 years | $1,221 |
| 13 years | $4,407 |
| 15 years | $7,594 |
| 17 years | $10,780 |
| 19 years | $13,967 |
| 21 years | $17,153 |
| 23 years | $20,340 |
| 25 years | $23,526 |
Top Solar Installers in Walthourville
Many homeowners choose to use a solar installer since trying to put up solar panels by yourself can be a labor-intensive endeavor. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over time.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our suggestions for providers near you:
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 Walthourville
Factors that Affect Solar Panel Costs in Walthourville
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Walthourville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,740.The model of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on 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
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Walthourville, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.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 reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Walthourville, and each can charge different amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $20,083 | 11.2 years |
| 8 kW | $3.81 | $21,363 | $27,196 | 11.0 years |
| 10 kW | $3.74 | $26,180 | $34,519 | 10.8 years |
| 12 kW | $3.67 | $30,788 | $42,051 | 10.6 years |
| 14 kW | $3.59 | $35,186 | $49,793 | 10.4 years |
| 16 kW | $3.52 | $39,375 | $57,744 | 10.1 years |
| 18 kW | $3.44 | $43,354 | $65,904 | 9.9 years |
| 20 kW | $3.37 | $47,124 | $74,274 | 9.7 years |
How to Save on Solar Panels
The solar panel company you go with will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Contract: When reading over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Installation Process: When making the switch to solar, it’s important to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project completion timeline.
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 Walthourville, GA Solar Cost FAQs
How much does it cost to install solar panels in Walthourville?
The average cost of solar panels in Walthourville is about $18,700 for a 5-kW system and $37,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as 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 Walthourville?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside 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 maximize your savings.
Can you sell solar power back to the grid in Walthourville?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.