Home Solar in Georgia:
Local installers, tax credits, and rebates.
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Georgia residents who experienced power outages in a span of ten years¹
Prices have fallen 54% over the last 10 years²
Average yearly savings for homeowner's who switch to solar³
Solar energy as a homeowner in Georgia is an exciting opportunity. The state's solar landscape is marked by significant progress, with the capacity to power an impressive 588,770 homes already harnessed from its generous sunshine. As a resident of Georgia, you have the advantage of local sun exposure that can be seamlessly converted into clean, renewable power for your household. Beyond the environmental benefits, Georgia's commitment to solar expansion is underscored by a range of local incentives designed to make your solar journey even more rewarding.
Let’s explore the benefits of home solar in Georgia and uncover the potential that lies in harnessing the sun's energy to power your home.
Incentive Programs, Tax Credits, and
Solar Rebates in Georgia
|Federal ITC - 30%
|Solar PV systems installed in 2022 - 2032 are eligible for a 30% tax credit. The credit can only be claimed by on the original installation of the solar equipment located at a residence of yours. You must also purchase it using cash or financing, but you're not leasing the system or paying a solar company for the electricity produced by the system.
|Instant Rebate from EnergyPal
|EnergyPal secures group discounts by leveraging the depth of our network. We pass these savings onto homeowners every day!
|Central Georgia EMC
|Residential Energy Efficiency Home Plus Loan Program: This utility extends loans to assist in covering expenses related to energy efficiency enhancements, including solar installations. Loan sums encompass a range from $500 to $25,000. Other eligible upgrades comprise geothermal heat pumps, insulation improvements, and Energy Star-certified heat pumps and water heaters.
|Selected regions of Georgia offer net metering programs, enabling residents to channel excess solar energy produced by their solar systems back into the power grid. This exchange results in credits applied to their utility bills. Notably, Georgia Power, the state's largest utility provider, operates a net metering initiative capped at either 5,000 customers or a capacity of 32 MW.
|Solar Easement Laws
|Solar Easement Laws: Solar easement laws serve to safeguard your home's access to sunlight. For instance, a solar easement could guarantee that neighboring trees do not exceed a certain height, preventing them from obstructing sunlight. In Georgia, these easements require written documentation, including a description of the impacted area.
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Other Solar Energy Incentives
The US federal government helps residents and businesses pay for their solar systems. The federal investment tax credit (ITC) allows for a tax deduction of 30% of the cost of a solar system currently. Tax credits can be rolled over if you can’t use the whole credit this year. The ITC cannot be claimed for solar leases or power purchase agreements (PPAs) where the third party financier takes the credits themselves, but that is typically baked into a reduced lease/PPA monthly for you.
If you purchased a $20,000 system, your savings from the federal tax credit would look like this:
$20,000 X 0.30 = $6,000 savings
Home Solar Financing in Georgia
There are three pathways to powering your home with solar energy in Georgia: purchasing the solar system outright, obtaining a loan for its financing, or opting for a leasing program. Solar systems can be financed by bank loans, solar installer financing, new home mortgages, energy loans and home equity loans or lines of credit. Cash works too. Regardless of your choice, solar panels can reduce your home energy expenses, contributing to financial savings and a cleaner power supply. Our Energy Advisors can guide you to the best solar deals in Georgia. Here's a comparison:
- Optimal Return-On-Investment
- Potential Reduction of Bills to near $0
- Enhances Property Value
Outright Solar Purchase: Homeowners with a stronger financial position often cover the full cost of solar upfront, yielding the highest return-on-investment over the system's lifespan. By paying in cash, homeowners in Georgia can claim tax credits and rebates, avoid interest charges, and directly enjoy the savings on their electricity bills. Some of our customers experience virtually no electricity expenses from the moment they install solar. We offer top-tier products at attractive cash prices.
- No Initial Expenses
- Ownership of the System
- Appreciates Property Value
Solar Loan Financing: Utilizing a solar loan enables you to save and own your solar system, as our financiers cover the upfront expenses (similar to an auto loan). Homes equipped with solar systems command higher value due to their lower operational costs. Depending on the chosen solar loan, you can achieve greater monthly savings or complete your financing earlier. Our team will help you secure the most favorable rates and terms to match your requirements. To learn about our latest offerings, connect with us
- No Initial Investment Required
- Complete Maintenance Coverage
- Lower Monthly Payments
- Guaranteed Rates
Solar Leasing: Leasing solar panels provides an accessible and cost-effective path to solar adoption. With zero upfront costs—often referred to as “$0 down solar financing“—installation and maintenance are entirely managed, and your home benefits from the energy generated by the solar panels. You pay a consistent monthly fee and save compared to your existing electricity bill. The reduced electricity rate are what many homeowners like about this option.
Talk to your EnergyPal Advisor about financing solar options in Georgia. We regularly source the best deals and terms for our customers. Let us guide you through the finance and application process from A-Z.
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Frequently Asked Questions
Is it worth going solar in Georgia?
In most cases, yes, solar will save you a significant amount of money. Solar panels produce electricity and reduce how much power you have to purchase from your electric company. The typical homeowner in Georgia pays around 14¢ cents per Kilowatthour.
What is the payback period for solar panels in Georgia?
Homeowners who install a solar array sized to meet 100 percent of their energy needs can still pay off the upfront cost in as little as 5-6 years. The typical payback period in Georgia averages 5.6 years.
How much are solar panels in Georgia?
As of August 2023, the average solar panel cost in Georgia is $3.2/W. Given a solar panel system size of 6 kilowatts (kW), an average solar installation in Georgia is $13,440 with 30% tax credit applied.
What incentives are available for solar in Georgia?
Solar installations in Georgia are eligible for the 30% solar tax credit. Connect with us to learn more about all the local Georgia incentives, tax credits & rebates you qualify for.