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 conventional, less environmentally-friendly sources.
- Lowered energy bills: Solar panels allow you to generate your own energy to power your home, reducing your monthly electricity costs. You can eliminate your bills completely if you go off-grid. Plus, a significant amount of states have adopted net metering, which permit you to earn money by selling your unused energy back to the grid.
- Better energy independence: Adding a battery storage system lets you have trustworthy energy during storms and grid outages.
What Solar Incentives Are Available to Columbus Homeowners?
Governments and power companies often reward homeowners for going solar. Here are some of the tax credits, rebates, or other programs you could qualify for.
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: diversepower.comIncentive Amount:
Air Source Heat Pump: $100/system
Dual Fuel Heat Pump: $100/system
Geothermal Heat Pump: $350/ton
Waste Heat Recovery: $300/house
Electric Water Heater: $100/unit
Incentive Type: Rebate Program
Website: diversepower.comIncentive Amount:
Heat Pumps
Electric to Electric Heat Pump Change Out: $100 - $200/system
Gas to Electric Heat Pump Change Out: $300 - $400/system
Dual Fuel Heat Pump: $250 - $300/system
Geothermal Heat Pump: $250/ton
Water Heaters
Electric to Electric Water Heater Change Out: $75 - $150/ system
Gas to Electric Water Heater Change Out: $300 - $500/system
Waste Heat Recovery Unit: $250/house
Thermostats
Programmable Thermostats: $25
Insulation
Insulation: $300 - $500/house
Duct Sealing
Reduce Leakage greater than or equal to 20%: $600
Reduce Leakage greater than or equal to 25%: $800
Reduce Leakage greater than or equal to 30%: $1,000
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 Columbus
Choosing a company is the first step toward a well-oiled and cost-efficient solar array. Here are some essential aspects to remember while searching for a solar company.
Licensing and Training
Georgia doesn't have contractors' licenses specific to solar energy, but the law does require solar installers to be licensed electrical contractors. The Georgia Secretary of State manages licenses and business filings. Look for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar industry's most trusted trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Columbus
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power and generally have the highest quality. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
Additional system add-ons, such as electric vehicle (EV) chargers and battery storage, will increase your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not every solar company includes these additional features, so look for a contractor that sells them if it's important for you.
You can plan to spend about $18,700 on average for a five-kilowatt solar energy system in Columbus. Use the table in this section to get an idea of how much Columbus solar companies might quote for your specific solar system's price.
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 Columbus
There are various ways to pay for new solar panels, and the right one will minimize your overhead. A few of the most common options include cash payments, power purchase agreements (PPAs), loans, and leases. Though it involves a large up-front payment, cash is the most economical choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the next best option. As with a home or auto loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for cost-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases let you rent your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, much like an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We suggest working with a provider that offers multiple financing options. Speak with each representative about what's available, and secure more than one estimate for the best odds of keeping within your budget.
The table below lists the average payback periods for different capacities of solar systems in Columbus.
A 26% federal solar tax credit applies to new home solar systems purchased through 2032. Further incentives may be available through city and state governments, usually in the form of rebates and special financing programs.
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 Columbus
How much money could I save by going solar in Columbus?
Is solar energy common in Columbus?
Will a solar PV system increase my Columbus home worth?
How long is a Columbus solar panel's average lifespan?
What's the average solar system size in Columbus?
How long does it take to pay back a solar loan in Columbus?
What are the signs I shouldn't use a particular solar company for my job?
- Aggressive sales pitch
- Being evasive about cost, credentials and training, warranties and references
- Inflexible options
- Superficial, rushed site evaluation
- No references or testimonials
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