* Cost data based on quotes for fully-installed solar panel systems submitted on our platform. Prices are shown after applying the 26% federal tax credit.
Despite excellent sun exposure in Georgia, the distributed solar sector has struggled to gain traction. Georgia does not have a renewable portfolio standard, therefore there is less pressure on utilities to create incentives for expanding solar.
However, there are some utility rebates available that, when combined with the federal tax credit, can provide great savings on a residential solar system in Georgia.
The average cost for an installed residential solar system in Georgia is currently $10,359 after claiming the 26% federal solar tax credit. This is $2.33 per watt. However, there is some variance in solar prices in different parts of the state. The graph below shows the average cost of installed solar systems in your part of the state.
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Prices based on a 5.3kW system, after 26% federal tax credit
Solar panels have fallen in price by more than 80% in the last ten years. In 2020 they also remain subsidized by the 26% federal tax credit and the net metering law, making them an excellent investment. They offer a return well above the long term average return from both the share market and also property investment.
Another way to look at this question is the levelized amount you will pay for each kWh of power you will use over the next 25 years with and without solar panels. As you can see below the savings are significant.
(forecast avg Georgia electric rates over the next 25 years)
The most significant incentive to install solar panels for homes and businesses in Georgia is the federal solar tax credit. At the end of 2020, the amount of the credit will decrease from 26% to 22% of the cost of the solar installation.
Because home and business owners want to get the largest incentive amount possible, solar panel installation companies will likely be flooded with new projects before year’s end. In order to maximize your savings potential, the best time to go solar in Georgia is now.
The state does not require utilities to offer net metering, therefore utilities don’t have to offer the full retail rate for excess energy a system produces and sends to the grid.
However, Georgia Power will buy back excess energy that a solar system creates at a rate that is less than the retail cost of energy. Customers can participate in the program on a first-come-first-serve basis until the cumulative generating capacity equals 0.2% of Georgia Power’s annual peak demand. So, the sooner you go solar, the more likely you are to get into the program!
Eligibility: Federal incentive
Type: Personal Tax Credit
Eligibility: Utility incentive
Type: Rebate Program
(After tax credit)
(After tax credit)
You will save most money by buying your solar system rather than leasing it. Read more about the pros and cons of leasing vs buying solar.
Minimum of 25 years but generally 30 or more
Solar panels power your house when they can but your home uses the utility company for power at other times. In 2021 "solar systems with battery storage" are becoming more popular. These are known as hybrid systems.
In hybrid solar systems, rooftop solar panels are connected to both a solar battery and the electric grid. This reduces your reliance on the utility while also providing backup power when needed. Battery storage is still expensive but you may be able to reduce costs by using state incentives.
Solar panels are mounted on your roof and wired together in groups called solar arrays. The power they generate flows into a solar inverter, where the direct current (DC) is converted into alternating current (AC). The electricity is then either used by your home or exported to the electric grid.
Off-grid solar power involves meeting all your energy needs from the sun; there’s no utility to fall back on. The solar installation needs to power your home not just during the day, when the sun is shining, but after dark as well. This requires many solar panels, paired with a large battery system.
Read more about types of home solar systems.
No, but cleaning them can improve power generation if they are dirty.
Given this environment, and the effect of import tariffs placed on solar panels by the Trump administration during 2018, it is hard to see that solar power system prices in Georgia will fall during 2021.
Depending on the location, solar panels will generate different amounts of electricity.
A solar system that is installed on a south-facing 23-degree pitch roof Georgia will generate 1,460kWh of peak DC (direct current) capacity per year per 1kW in Georgia.
Enter your details into the solar panel calculator to see how your location, roof tilt, and roof direction impacts solar panel production.
The advantage of installing solar panels in Georgia is that there are utility incentives in place in order to reduce solar system installation costs. Also, the largest power provider in the state, Georgia Power, compensates customers for excess energy their solar systems produce. Not to mention, The Peach State receives more sunlight than other areas in the United States, so a system here will produce more than in other parts of the country.
The disadvantage of installing solar panels in Georgia is the lack of statewide solar incentives. Also, power is relatively cheap here, so the payback period is longer than it is in states with more expensive power. The state does not require utilities to offer net metering, therefore utilities don’t have to offer the full retail rate for excess energy a system produces and sends to the grid.
This solar calculator requires you to input your address, utility company, your average monthly power spend - it tells you:
If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this Georgia solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.
Note: Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
Joe Biden’s "Clean Energy Revolution" is the most progressive climate plan in presidential history, and is expected to give the solar industry the boost it needs.