Solar Panels Cost $12k-$22k in Banks County, GA | November, 2024
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How much do solar panels cost in Banks County, GA in 2024?
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To get solar installed averages out to $3.57 per watt in Banks County, GA in November, 2024.
Each 1 kW (1000 watts) of solar generation capacounty will require an investment of $3,570 for installation. You can conclude this by using this rate price cost above. Subtracting the 30% federal tax credit, a 5 kW panel install in Banks County typically costs $12,495. Keep in mind that a larger system could be necessary to fully meet your energy needs.
By selecting your county on the left, you can see the average roof size and the average maximum capacity for residential solar panel systems in your area. See below a comprehensive breakdown of the {price|costs, payback period, and 20-year average savings for a 5 kW system in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Banks County: $12,495US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Banks County: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Banks County: $16,921US Average: $16,169
Solar Potential in Banks County
Estimated system size and solar electricity production per median viable roof in Banks County.
Roof size 778sq. ft.
Capacity 10.88kW DC
Electricity 13.4kkWh AC per yr.
Electricity Costs in Banks County, GA & What that Means for Your Solar Panel Pricing
Every month, a typical Banks County energy consumer uses 1,099 kWh, leading to an average bill of 144.88. This dataencompass apartments and smaller dwellings with reduced energy consumption.
Banks County, GA's electricity rate averages 13.18¢ per kWh in November 2024.
Presently, a 9 kW solar setup will cost you roughly $32,130upfront, but thanks to the 30% federal tax credit, you get a 30% reimbursement, bringing the cost down to $22,491.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Banks County
Displayed on the left side, you will find a detailed price breakdown of the various sizes of solar panel systems set up in Banks County. More extensive solar installations come with a higher price, yet they also provide greater electricity savings and more generous income tax credits.
The cost-benefit analysis for solar panels, presented in the calculator below and to the right, is based on an average electric bill of $144.88 in Banks County. Adjust the $144.88 to your average bill payment for more accurate results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,022 a year
Est. Price
$12,495
Savings from a 5kWthis system
Est. yearly production 7,859 kWh
Est. monthly savings $85
Full payback in 7 years
Environmental Impacts
Reduces CO2 emissions by 2.56 tons a year
Equivalent to planting 117 trees a year
Equivalent to driving 6,324 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,226 a year
Est. Price
$14,994
Savings from a 6kWthis system
Est. yearly production 9,431 kWh
Est. monthly savings $102
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 3.07 tons a year
Equivalent to planting 141 trees a year
Equivalent to driving 7,589 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,430 a year
Est. Price
$17,493
Savings from a 7kWthis system
Est. yearly production 11,003 kWh
Est. monthly savings $119
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 3.58 tons a year
Equivalent to planting 164 trees a year
Equivalent to driving 8,854 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,635 a year
Est. Price
$19,992
Savings from a 8kWthis system
Est. yearly production 12,575 kWh
Est. monthly savings $136
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 4.09 tons a year
Equivalent to planting 188 trees a year
Equivalent to driving 10,119 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,839 a year
Est. Price
$22,491
Savings from a 9kWthis system
Est. yearly production 14,147 kWh
Est. monthly savings $145
Full payback in 13 years
Environmental Impacts
Reduces CO2 emissions by 4.35 tons a year
Equivalent to planting 200 trees a year
Equivalent to driving 10,771 mi less a year
Banks County Solar Panel Installation Incentives & Rebates | 2024
Small businesses and agricultural enterprises in rural areas may see between 80% and 100% of their photovoltaic or wind turbine installation costs covered by the REAP Grant. Wondering about your eligibility? Use our REAP Grant eligibility tool to check.
When it comes to residential solar, the majority of people qualify for the 30% federal income tax credit, which makes solar a sensible option in most regions of the nation. In addition, many state and local programs work to further encourage the adoption of solar power.
In Georgia, different utilities and government bodies offer 9 solar rebate and incentive programs.
Solar incentives in GAIncentive Description Value
Coweta-Fayette EMC - SmartChoice Home Program
Value:Up to $50
SmartChoice is an incentive program for residential Coweta-Fayette Electric Membership Corporation customers. Eligible participants may receive rebates or other financial assistance to purchase and install certain renewable or energy-efficient equipment. Specific eligible projects and rebates will vary from time to time. Current offers include home EV chargers, heat pumps, solar water heaters, and smart thermostats. Rebates are flat amounts and vary based on the type of project. Additional information is available from the CFEMC website.
Jackson EMC - Right Choice Sun Power Rebate Program
Value:Up to $4,500
Residential customers of the Jackson EMC may be entitled to a significant rebate on solar PV or thermal systems. The incentives serve as "fair compensation" for renewable energy credits customers generate through the use of their equipment. Interested homeowners should apply while designing and purchasing their system. JEMC will conduct site surveys, review plans, and grant provisional approval for net metering as a condition for installation to begin. Once approved, customers should choose a NABCEP certified contractor for installation work. Currently, customers may receive a one-time rebate of $450 per kW of DC capacity in addition to compensation received from net metering. Additional information is available from the JEMC website.
Georgia Green Loans Save & Sustain Program
Value:Varies
Georgia Green Loans (GGL) is a microlender funded through grants from the 2009 federal stimulus package. Today, they offer specialized financing to Georgia businesses looking to make energy efficiency capital improvements. Eligible projects for loan funding include insulation/weatherization, HVAC, renewable energy, and appliances meeting ENERGY STAR certification. Available loan principal ranges from $500 to $50,000 with a five-year maximum repayment term. Interest rates may vary but will remain consistently low. Additional information is available through the GGL website.
City of Atlanta - Sustainable Development Design Standards
Value:Varies
Atlanta has required new city buildings or publicly-funded local projects to meet certain green building standards through an ordinance first approved in 2003. Any building or lot over 5,000 feet must achieve LEED Silver certification at a minimum, though designers are encouraged to pursue a higher level of certification. Compliance with the ordinance is measured through required annual reports from each applicable government department. Additional information is available from the Atlanta city website.
Central Georgia EMC - Residential Energy Efficiency Rebate Program
Value:Varies
Through partnerships with local banks, residential Central Georgia EMC customers may be eligible for rebates on energy efficiency improvement projects. Incentives through the program may also fund the building of new homes built to certain green standards. Qualifying projects will vary from time to time. Interested customers should visit the CGEMC website to view and apply for current offers.
Walton EMC - HomePlus Loan Program
Value:Varies
Through a partnership with the GEMC credit union, Walton EMC customers may be eligible for special financing to fund energy efficiency improvement projects and equipment. A variety of upgrades qualify, including insulation/weatherization, windows, HVAC, and new renewable equipment including solar PV/thermal/heating systems. Interest rates may vary, but they will remain consistently low. The application process includes standard credit checks, a property title review, and an audit of the customer's bill payment record. Additional information is available through the Walton EMC website.
Coweta-Fayette EMC - Residential Energy Efficiency Rebate Program
Value:Varies
SmartChoice is an incentive program for residential Coweta-Fayette Electric Membership Corporation customers. Through the program, any homeowner on the CFEMC grid is entitled to a no-cost energy audit. Available auditing tools are comprehensive, even considering air leakage from the HVAC system. Depending on a customer's audit results, they may be entitled to rebates or other financial incentives on new equipment or improvements. Available rebate offers will vary from time to time. Rebates may also be applied to the construction of new energy-efficient homes. Additional information is available from the CFEMC website
Central Georgia EMC - Residential Energy Efficiency Home Plus Loan Program
Value:Varies
Through partnerships with local banks and lenders, residential and business customers of the Central Georgia Electric Membership Company (CGEMC) may be eligible for special financing on energy efficiency improvements. The property must meet certain ENERGY STAR standards to be eligible for loan funding. Interest rates remain uniquely low but will vary from time to time. The application process for residential customers involves an energy efficiency audit by a CGEMC representative. Projects not recommended by the auditor may not be recommended for financing. Additional information is available from the CGEMC website.
Georgia Interfaith Power and Light - Energy Improvement Grants
Value:Varies
Places of worship, including religious schools, seeking to make energy efficiency improvements may be eligible for grant funding from Georgia Interfaith Power & Light. The maximum allowed grant is $10,000 before application fees. Institutions must match grant funding through creation care/building funds, tithes, or other means. Allowable projects include (but are not limited to) windows, insulation/weatherization, and new solar PV/wind energy devices. New HVAC systems are not eligible. Once a grant is awarded, the institution must submit a follow-up report one year later. Additional information is available from the GIPL website.
Are solar panels worth it in Banks County, GA?
Homeowners in Banks County who plan to live in their residence beyond the payback period of their solar system will find solar panels an clear choice. By installing a 5 kW solar system in Banks County, GA, you can expect to save approximately $22,276.2 over 20 years, with the break even point typically being 7 years.
The cost of not having solar panels in Banks County, GA
The lack of solar panels or an alternative energy backup means you'll forgo the earlier mentioned savings and be entirely reliant on your electric utility for power. Recent news has proven that total reliance on your utility company isn't always the best option.
In recent times, customers in Banks County have encountered an average of 1.13 outages per year. Outages typically last for an average of 99.71 minutes. Major occurrences like heavy rain and flooding, equipment failure, or vandalism can lead to a significant rise in these time frames.
Take a look at the graphic below to see the number of current electricity customers without power in Banks County.
Even without a backup battery, a solar panel system can reduce the pressure of future outages you may experience.
Power Outages
Currently, 0 customers are being tracked in Banks County.
What impacts the cost of solar panels in Banks County, GA?
Your Energy Needs - Larger solar panel systems have a larger initial cost, yet the average cost per watt drops as the system size grows. Most individuals find it useful to set up a solar system that can generate enough electricity to replace the entirety of their electric bill. This math makes the most sense for increased savings.
Make & Model - Just like other products, solar panels come in a variety of makes and models. As your installer may prefer specific brands, it's important to choose a highly rated installer. For consumers wanting a more favorable long-term experience, choosing higher quality makes and models is critical.
Solar Panel Type - It's understandable that monocrystalline panels are now the industry standard. They are more expensive but provide more energy. Many professionals in solar installation utilize panels constructed from this material.
Your Property - Each property and home has its own characteristics. Factors like uneven ground, trees, or other considerations can make the installation more challenging. By using satellite images, most solar installers nowadays can assess your home and incorporate these elements into the initial cost estimate.
Labor Rates - The varied employee wages paid by companies result in costs that consumers eventually paying . Higher wages often correlate with better reviews for companies' services and customer service.
Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will influence your installation cost. Good installers will factor these costs into your first quotes to prevent unexpected expenses.
See what solar panels cost in other Banks County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Banks County?
Solar systems for selling electricity back to the grid.
Banks County, GA Solar Panel Cost FAQs
In November, 2024, the average cost of solar panels per watt in Banks County, GA is $3.57/W. In Banks County, GA, installing a 5 kW solar panel system will set you back approximately $12,495 after federal tax incentives.
Utilities and government agencies in Georgia are currently offering 9 different rebates and incentives. Additionally, the vast majority qualify for the 30% federal tax credit.
Paying in cash results in the highest savings, but there are numerous financing options available today for solar panels that are also cost-effective. Financing options are often provided by installers and may be included in your initial quotes.
Yes, in Banks County, GA, the average payback period for 5 kW solar panels is 7 years, resulting in average electricity savings of $22,276.2 over 20 years.