Current photovoltaic panel prices in Georgia

As of October 2024, the average solar panel system costs $2.63/W including installation in Georgia. For a 5 kW installation, this comes out to about $13,173 before incentives, though prices range from $11,197 to $15,149. After the federal tax credit, the average price drops by 30%. You'll probably pay even less than what we show here.

While a 5 kW system will only cost you $13,173 in Georgia, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill. Are solar panels worth it in Georgia?

For example, prices for solar panel installation in Atlanta start at around $25,100, while prices in Helen start at $28,520. The average cost of solar panel installation in Atlanta is $37,250, with most people paying between $25,100 and $49,400. Compared to the average cost of solar panel installation, this is relatively expensive.

The federal solar investment tax credit (ITC) is the biggest factor reducing the cost of going solar in Georgia. If you install a residential solar panel system by the end of 2032, you receive a federal income tax credit equal to 30% of the system's total cost. That includes equipment, labor and permits.

Solar power is blooming in the Peach State. Georgians use more energy every month than most Americans, which means installing solar panels in the area is more beneficial from a financial perspective than in most states. However, the high solar panel cost in Georgia can be a deterrent for many homeowners.

For Georgia, you can use $3.52 per watt to determine the price of a larger system (system size x price per watt x 0.7 to account for tax incentives). High Power Bills? Cost: About $12,635 for a 5 kW system to $22,743 for a 9 kW system after tax credit. Savings: 7 year payback; about $24,566 saved over 20 years.