Solar Panel Cost Guide in Savannah, MO (2024 Update)
- Savannah Solar Installation Cost: $17,277
- 25-Year Savings: $26,840
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Savannah
We break down average solar pricing in Savannah.
The national average cost of solar panels is $2.66 per watt, but in Savannah it’s 3 per watt.Using this figure, a typical 7.3-kW system would cost about $17,277 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Savannah homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $21,000 over 20 years on power bills.
Click the button below to get connected to a highly rated solar panel company in Savannah for a personalized estimate.
Solar savings over time in Savannah
| Year | Return on Investment |
|---|---|
| 1 years | $-15,869 |
| 3 years | $-13,053 |
| 5 years | $-10,237 |
| 7 years | $-7,421 |
| 9 years | $-4,605 |
| 11 years | $-1,789 |
| 13 years | $1,027 |
| 15 years | $3,843 |
| 17 years | $6,659 |
| 19 years | $9,475 |
| 21 years | $12,292 |
| 23 years | $15,108 |
| 25 years | $17,924 |
Top Solar Installers in Savannah
Trying to install solar panels yourself can be a dangerous undertaking, which is why using a solar installer is a good option for many homeowners. Plus, if you aren’t sure what kind of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Savannah
Factors that Affect Solar Panel Costs in Savannah
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Savannah: 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
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,370. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Savannah homeowners opt to finance their solar panel systems to make going solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar system can influence the cost. Savannah’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.50 | $14,720 | $18,146 | 11.2 years |
| 8 kW | $3.44 | $19,249 | $24,572 | 11.0 years |
| 10 kW | $3.37 | $23,590 | $31,187 | 10.8 years |
| 12 kW | $3.30 | $27,742 | $37,990 | 10.6 years |
| 14 kW | $3.24 | $31,705 | $44,982 | 10.3 years |
| 16 kW | $3.17 | $35,479 | $52,163 | 10.1 years |
| 18 kW | $3.10 | $39,065 | $59,533 | 9.9 years |
| 20 kW | $3.03 | $42,462 | $67,091 | 9.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The kind of solar panel you’d like to install plays a part in which installer you should go with, since different companies offer different panels.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Savannah, MO Solar Cost FAQs
What is the average cost of installing solar panels in Savannah?
The average cost of solar panels in Savannah is about $16,850 for a 5-kW system and $33,700 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.
Should I lease or buy solar panels in Savannah?
Leasing solar panels can be an attractive choice, as it typically 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 option if you want to maximize your savings.
Does Savannah have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces 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.
How long do solar panels last in Savannah?
On average, solar panels can last 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 higher level 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.