How much does a solar panel cost in Georgia?

Solar panel installation costs: $10,000 to $30,000 Average solar panel costs in Georgia are comparable to the national average. Before the federal solar investment tax credit (ITC), a typical residential system ranges from $13,650 to $27,300. That price drops to $9,555 to $19,110 after considering the full 30% tax credit.

How much does a 5 kW solar system cost in Georgia?

While a 5 kW system will only cost you $13,173 in Georgia, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill. Are solar panels worth it in Georgia?

What tax credits do solar panels get in Georgia?

The federal solar investment tax credit (ITC) is the biggest factor reducing the cost of going solar in Georgia. If you install a residential solar panel system by the end of 2032, you receive a federal income tax credit equal to 30% of the system's total cost. That includes equipment, labor and permits.

Is Georgia a good state to install solar panels?

With higher than average electricity prices and abundant sunshine, Georgia's a pretty great state for solar energy. It may not have the best local solar incentives, but as a Georgian, you can still take advantage of solar's most valuable incentive, the Federal Tax Credit. Here's what you should know about installing solar panels in the Peach State.

What is a typical solar system size in Georgia?

The typical system size for solar systems in Georgia is 11 kilowatts (kW). To determine what system size you need, find the amount of electricity you used in the last year in kilowatt-hours (kWh) by going to your old bills or your local utility’s online dashboard. Then, divide your annual number of kWh by 1,200.

Are solar panels a good investment in Georgia?

The main drawback is the high upfront cost of purchasing and installing the equipment. On the bright side, once that’s paid for, solar panels can significantly reduce or even eliminate your electricity bills. For many Georgians, the long-term savings outweigh the upfront costs over time.