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.

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?

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 do solar panels cost?

The cost of solar panels in Georgia is currently lower than the average price of $3.00 per watt across the United States for residential solar power systems. The size of a solar panel system affects the installation cost, with larger installations having a lower cost per watt due to 'bulk pricing'.

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.

Does Georgia pay taxes on solar installation?

The cost of installing renewable energy systems in Georgia, including solar, is supported by the federal solar investment tax credit. This tax credit amounts to 30% of the value of the solar system and is claimed on your taxes in the year following installation.