Benefits of Solar Energy
Solar energy provides multiple perks. Let's look at a few of them.
- Reduced carbon footprint: Using clean solar power reduces your dependence on fossil fuels, which release greenhouse gases that damage the environment.
- Lowered energy bills: You can skip the premium cost of grid-tied power by creating some electricity right where you use it. Plus, many states provide net metering which can allow you to sell your unused energy back for credits on your bill.
- Better energy independence: Adding a battery backup or storage system lets you have reliable energy during grid outages and storms.
What Solar Incentives Are Available to Athens Homeowners?
Georgia's public agencies and power companies offer a range of solar incentives to help offset your solar system costs. Check out a breakdown of applicable solar programs where you live.
Incentive Type: Sales Tax Incentive
Incentive Amount:
100% exemption
Incentive Type: Rebate Program
Website: georgiapower.comIncentive Amount:
Single Family
Central AC Replacement: $50
Air/Duct Sealing: $300
Attic Insulation: $250
Heat Recovery Water Heater with Heat Pump: $250
Heat Pump Water Heater: $250
Solar Water Heater: $250
Home Energy Assessment: $150
Smart Thermostat: $75
Heat Pump conversion: $250
Multifamily
Central AC Replacement: $25
Air/Duct Sealing: $150
Attic Insulation: $125
Heat Recovery Water Heater with Heat Pump: $250
Heat Pump Water Heater: $250
Solar Water Heater: $250
Home Energy Assessment: $75
Smart Thermostat: $38
Heat Pump conversion: $125
Incentive Type: Loan Program
Website: cgemc.comIncentive Type: Rebate Program
Website: jacksonemc.comIncentive Amount:
PV: $450/kW-DC
Incentive Type: Loan Program
Website: waltonemc.comIncentive Amount:
$25,000
Incentive Type: Rebate Program
Website: waltonemc.comIncentive Amount:
Existing Homes
Water Heater: $200/unit
Heat Pump: $200/unit
Heat Pump Water Heater: $200/home
Waste Heat Recovery System: $200/home
New Homes
Underground Wiring Refund: Up to $500
Water Heater: $200/unit
Heat Pump Water Heater: $200/home
Waste Heat Recovery System: $200/home
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Athens
The price and efficiency of solar panels often hinge on the provider that mounted them. Make your choice based on the following important considerations.
Licensing and Training
Georgia doesn't have solar-specific contractors' licenses, but the law does require solar installers to be licensed electrical contractors. The Georgia Secretary of State manages licenses and business filings. You should also visit a company's website to learn about its private certifications. Two of the most prestigious are the Solar Heating Installer and PV Installation Professional certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Athens
The kind of solar panels you select decides how much power you can produce. Monocrystalline panels and high-quality and cost more but give you the best performance. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't the best for large residential installations, but they are excellent accessories for non-traditional roofs.
If you'd like to charge an electric car or use your solar power in dark weather, you can pay extra for add-ons. By selecting the right components, you can make your panel array more efficient and user-friendly. Not every solar provider provides these extras, so look for a company that sells them if it's important for you.
Most Athens homeowners choose solar systems sized for five kilowatts (kW) of electrical capacity. These systems cost about $18,700 to set up, considering both parts and installation. You can see more specific solar cost information in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,128 |
Solar Polycrystalline | $879 |
Thin-Film | $514 |
Solar Battery | $722 |
Solar Home EV Charger | $2,706 |
Financing Solar Energy in Athens
Choosing the ideal financing option will affect your overall solar system cost and potential savings. Common payment options include loans, cash payments, leases, and power purchase agreements. We recommend making a cash payment or using a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar panel incentives to cut your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still benefiting from energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases allow you to pay a monthly rate to rent your panels, while a PPA lets you pay a variable rate based on only the energy you use. We generally advise against these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be suitable in specific circumstances. Ask each installer you're considering about the payment options it offers. A salesperson can help you determine the most suitable option for your pocketbook.
The table below lists the average payback periods for different capacities of solar systems in Athens.
The IRS allows you to claim a 26% federal solar tax credit on your new solar panels, so long as you purchase it before 2032. Municipal authorities and utilities might also offer their own rebates, financing programs, and incentives that could save you more money.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 1.8 years |
2 kW | 3.5 years |
5 kW | 8.8 years |
10 kW | 17.7 years |
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Frequently Asked Questions About Solar in Athens
How much money could I save by going solar in Athens?
How prevalent is solar energy in Athens?
Will solar panels increase my Athens home worth?
What if I live in a gloomy or heavily-wooded
How do I care for my new solar system?
How long does it take to pay back a solar loan in Athens?
What are some "red flags" to watch for as I research companies?
- High-pressure sales tactics
- Dodging questions about credentials and training, references, warranties and cost
- Limited or no customization
- Not thoroughly inspecting your site
- Limited online information
What's the difference between a PPA and a solar lease?
If you choose a lease, you'll make fixed payments each month.
With both leases and PPAs, you do not own your panels and lose eligibility for some incentives. Further, you'll have to "buy out" or transfer the contract if you sell your home during the term.
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