Solar Panels Cost $8.9k-$17k in Floyd County, GA | November, 2024
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How much do solar panels cost in Floyd County, GA in 2024?
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In Floyd County, GA in November, 2024, the average price per watt for solar systems is at $3.2/W
Applying the cost per watt, you are able to conclude that for every 1 kW (1000 watts) your solar panel system can generate, you will have to spend, on average, $3,200 to have it installed. In Floyd County, the price of a 5 kW solar panel system is generally $11,200, after the 30% federal tax credit. Your electricity use habits may need a bigger system.
Select your county from the menu on the left to find the typical roof size and maximum solar panel capacity for homes in your area. The following summary, below, highlights the costs, payback period, and 20-year average savings for a 5 kW system installed in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Floyd County: $11,200US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Floyd County: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Floyd County: $21,080US Average: $16,169
Solar Potential in Floyd County
Estimated system size and solar electricity production per median viable roof in Floyd County.
Roof size 715sq. ft.
Capacity 10kW DC
Electricity 12kkWh AC per yr.
Electricity Costs in Floyd County, GA & What that Means for Your Solar Panel Pricing
On average, Floyd County residents pay 154.50 for their electric bill each month and use 1,028 kWh. Please note that the energy consumption for apartments and other smaller living spaces is included in this statistic.
In November 2024, the electricity rate in Floyd County, GA is 15.03¢ per kWh.
Installing a an 8 kW solar panel system will be priced at about $25,600 initially, but with the 30% federal tax credit, you can receive a 30% reimbursement, bringing the total to $17,920.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Floyd County
On the left side below, the price breakdown for multiple sizes of solar panel systems installed in Floyd County can be seen. A more extensive solar array will expectedly cost more, but it will also yield more significant electricity savings and more substantial income tax credits.
The solar panel cost calculator to the right and below details costs and benefits, using an average $154.50 electric bill in Floyd County Replace the $154.50 with your average electricity bill for personalized results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $943 a year
Est. Price
$8,960
Savings from a 4kWthis system
Est. yearly production 6,287 kWh
Est. monthly savings $79
Full payback in 5 years
Environmental Impacts
Reduces CO2 emissions by 2.21 tons a year
Equivalent to planting 101 trees a year
Equivalent to driving 5,461 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,179 a year
Est. Price
$11,200
Savings from a 5kWthis system
Est. yearly production 7,859 kWh
Est. monthly savings $98
Full payback in 6 years
Environmental Impacts
Reduces CO2 emissions by 2.76 tons a year
Equivalent to planting 127 trees a year
Equivalent to driving 6,827 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,415 a year
Est. Price
$13,440
Savings from a 6kWthis system
Est. yearly production 9,431 kWh
Est. monthly savings $118
Full payback in 7 years
Environmental Impacts
Reduces CO2 emissions by 3.31 tons a year
Equivalent to planting 152 trees a year
Equivalent to driving 8,192 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,650 a year
Est. Price
$15,680
Savings from a 7kWthis system
Est. yearly production 11,003 kWh
Est. monthly savings $138
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 3.86 tons a year
Equivalent to planting 177 trees a year
Equivalent to driving 9,557 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,886 a year
Est. Price
$17,920
Savings from a 8kWthis system
Est. yearly production 12,575 kWh
Est. monthly savings $155
Full payback in 10 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
Floyd County Solar Panel Installation Incentives & Rebates | 2024
Rural entrepreneurs and farmers might find that the REAP Grant pays for 80% to 100% of their costs when installing solar or wind energy systems. Unsure if you're eligible? Check your status with our REAP Grant eligibility tool.
A 30% federal tax credit is accessible to most homeowners for residential solar installations, which renders solar energy a feasible choice in various regions across the United States. Apart from the federal incentives, state and local programs also aim to boost solar energy uptake.
Georgia provides 9 solar rebates and incentives from different utility companies and government departments.
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 Floyd County, GA?
For homeowners in Floyd County looking to stay beyond the payback period of their solar system, solar panels are the best choice. Installing a 5 kW solar system in Floyd County, GA will, on average, save you $25,880 over 20 years, and you can expect to break even in about 6 years.
The cost of not having solar panels in Floyd County, GA
Failing to have solar panels or an alternative backup energy means missing the savings mentioned earlier and being entirely reliant on your electric utility for electricity. As recent news articles have highlighted, full dependence on your utility provider isn't always ideal.
Lately, utilities in Floyd County have had an average of 1.38 outages per customer annually. The average length of an outage is 138.41 minutes. In events like winter storms, construction accidents, or grid management errors, this duration can extend significantly.
See the info below to see the number of current electricity customers without power in Floyd County.
A solar energy system could mitigate the effects of future outages, whether or not it has a backup battery.
Power Outages
Currently, 0 customers are being tracked in Floyd County.
What impacts the cost of solar panels in Floyd County, GA?
Your Energy Needs - Larger solar panel systems come with a larger upfront cost, but the price per watt is reduced. Homeowners often discover that installing a solar system that can offset their entire electric bill is advantageous, ensuring optimal savings.
Make & Model - There are many brands and models of solar panels. Because the installer you select might have specific brand preferences, picking a highly rated company is especially important. The utilization of high-quality materials is likely to result in a more positive long-term experience for buyers.
Solar Panel Type - It's understandable that monocrystalline panels are now the industry standard. They are pricier but generate more energy. Most professionals in solar installation work with panels constructed from this material.
Your Property - Trees, uneven ground, or additional considerations can increase the complexity of the installation. Most solar installers today use satellite imagery to evaluate your home and integrate these elements into the preliminary cost estimate.
Labor Rates - Different companies offer varying wages to their employees, and these costs are inevitably borne by the consumers. Businesses that invest in higher wages often see higher reviews for their work and customer service.
Permitting & Interconnection - Depending on the area, local permitting and utility interconnection fees will affect the cost of your installation. Quality local installers will include these figures in your preliminary estimates to provide transparency.
See what solar panels cost in other Floyd County cities
Solar systems for selling electricity back to the grid.
Floyd County, GA Solar Panel Cost FAQs
The typical cost per watt for solar panels in Floyd County, GA as of November, 2024 is $3.2/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in Floyd County, GA is roughly $11,200.
Currently, Georgia residents can benefit from 9 rebates and incentives available through various utilities and government bodies. On top of that, most individuals are eligible for the 30% federal income tax credit.
Cash payments yield the highest savings, yet several financing options now available for solar panels are advantageous as well. Installers often have partnerships with financing companies and will include this information in your initial quotes.
Yes, in Floyd County, GA, the average time for 5 kWsolar panel systems to pay for themselves is 6 years, leading to electricity savings of $25,880 over a 20-year period.