How much do solar panels cost in Georgia?

As of October 2024, the average solar panel system costs $2.63/W including installation in Georgia. For a 5 kW installation, this comes out to about $13,173 before incentives, though prices range from $11,197 to $15,149. After the federal tax credit, the average price drops by 30%. You'll probably pay even less than what we show here.

Do solar panels increase home value in Georgia?

Yes, solar panels increase home value in Georgia. Typically, you can expect to boost your home's value by around 4.1%. Based on the average Georgia house price, that's an increase of $12,204, a significant increase.

How much does a power system cost in Georgia?

For Georgia, you can use $3.52 per watt to determine the price of a larger system (system size x price per watt x 0.7 to account for tax incentives). High Power Bills? Cost: About $12,635 for a 5 kW system to $22,743 for a 9 kW system after tax credit. Savings: 7 year payback; about $24,566 saved over 20 years.

How long do solar panels last in Georgia?

The payback time for solar panels in Georgia is around 12 years, after which you'll be making significant energy savings. And thanks to net metering, if you have a system that generates more energy than you need, you can sell it back to the energy grid and reach full payback a year or two faster.