Benefits of Solar Energy
Solar energy offers multiple benefits. Let's look at a few of them.
- Reduced carbon footprint: Utilizing solar is a surefire way to reduce your carbon footprint and home fossil fuel dependency.
- Better energy independence: Solar panel systems can keep your home functioning through blackouts and emergencies. You can use your solar energy anytime with optional battery backup.
- Lowered energy bills: You can dodge the premium cost of grid-tied power by producing some electricity right where you use it. Plus, many states provide net metering which can allow you to sell your unused energy back to help pay for your energy bill.
What Solar Incentives Are Available to Roswell Homeowners?
Georgia homeowners who decide on solar could qualify for special financing, tax credits, reimbursements and rebates. Here are just a few of the region's incentive programs.
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: 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 Roswell
Choosing a company is the first step toward an effective and valuable solar energy system. 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 business filings and licenses. Solar providers can also pursue accreditations from standards organizations and trade groups. The top ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Roswell
The type of solar panels you purchase dictates how much power you can generate. Monocrystalline panels and high-quality and give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.
If you need to charge an electric car or use your solar power in inclement weather, you can pay extra for accessories. By selecting the right components, you can make your panel array more efficient and user-friendly. Not every solar provider offers these optional components, so look for a company that sells them if it's essential for you.
You can expect to pay about $18,700 on average for a five-kilowatt solar energy system in Roswell. Check the table in this section to get an idea of what amount Roswell solar companies might quote for your specific solar system's price.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,288 |
Solar Polycrystalline | $1,005 |
Thin-Film | $587 |
Solar Battery | $824 |
Solar Home EV Charger | $3,091 |
Financing Solar Energy in Roswell
There are numerous ways to pay for new solar panels, and the right one will minimize your overhead. A few of the most common options include loans, power purchase agreements (PPAs), cash payments, and leases. We advise 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 pay more in total due to accruing interest. Solar leases allow you to use your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, similar to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We advise working with a company that offers multiple financing options. Speak with each agent about what's available, and acquire more than one estimate for the best odds of staying within your spending limits.
The table below lists the average payback periods for different capacities of solar systems in Roswell.
The IRS allows you to claim a 26% federal solar tax credit on the full cost of the solar system, so long as you purchase it before 2032. Local governments and utilities might also offer their own incentives, financing programs, and rebates 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 |
Ready to Get a Quote on Your Solar Project?
Please enter a valid 5-digit zip code!
Frequently Asked Questions About Solar in Roswell
How much money could I save by going solar in Roswell?
Is solar energy readily available in Roswell?
Will a solar PV system improve my Roswell home worth?
How long does a standard solar system last?
Is solar panel installation a fast job?
How long does it take to pay back a solar loan in Roswell?
What are some "red flags" to watch for as I research companies?
- High-pressure sales tactics
- Not being straightforward about credentials and training, warranties, cost and references
- Inflexible options
- Superficial, rushed site evaluation
- More mixed or negative reviews than positive ones
To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.