Like other sunny states in the South, Georgia gets lots of sunshine. This makes solar panels a good idea for saving energy. But compared to other states, Georgia doesn’t offer as many incentives for using solar power.
However, there’s still good news! Even though Georgia doesn’t have all the common incentives like other states, some incredible benefits exist, such as the federal tax credit and the Central Georgia EMC loan program.
In this guide, we’ll address all your queries regarding solar panel installation in Georgia, covering topics ranging from costs and incentives to regulations and benefits.
Popularity of solar panel installation in Georgia
In Georgia, residential solar panel installations are still relatively uncommon, with only0.2% of single-family homes having such systems. However, the state stands out nationally for its utility-scale solar projects, ranking seventh in the country.
Utility solar refers to solar energy from large photovoltaic (PV) farms. While Georgia excels in utility solar, it lags in per capita residential installations. The national average ratio of utility to residential solar capacity is around 2:1, whereas in Georgia, it stands at 13:1.
Solar panel installation cost in Georgia
In Georgia, the typical expenses of installing a 5 kW solar system vary, averaging between $11,150 and $14,850, equivalent to approximately $2.23 and $2.97 per watt.
These figures represent the upfront costs before factoring in potential tax credits or incentives that could further reduce the overall expense of solar panel installation in the state.
Solar financing options in Georgia
Various financing options are available in Georgia to make solar energy more accessible to residents. These include:
- Solar loans: Solar loans provide households with financing to cover the initial costs of purchasing and installing solar panels, which are then paid back over time with interest.
- Leases: Through solar leases, homeowners can rent solar panel systems from solar companies, paying a monthly fee for their use without owning the system outright.
- Power Purchase Agreements (PPAs): PPAs allow homeowners to purchase solar energy generated by panels installed on their property at a predetermined rate, typically lower than utility rates, without needing upfront costs.
- Property Assessed Clean Energy (PACE) financing enables homeowners to finance solar panel installations through property tax assessments, spreading the cost over the long term and potentially transferring to new owners if the property is sold.
Georgia solar incentives, tax credits, rebates
Georgia currently lacks statewide incentives or tax credits for home solar panel installations. However, the following programs are in place to encourage residents to transition to solar energy:
- Solar Power Free-Market Financing Act of 2015: Establishes a program facilitating financing arrangements between private solar providers and homeowners, reducing or eliminating upfront costs of going solar.
- Georgia Power Buyback Program: Allows customers to sell excess solar energy produced through their installations to Georgia Power on a first-come, first-served basis until 0.2% of peak power demand is met.
- Federal Investment Tax Credit: Provides a 30% income tax credit for Georgia homeowners who power their homes with solar energy.
Georgia Environmental Finance Authority Solar Program
The Georgia Environmental Finance Authority Solar Program stands out as a leading incentive in the state for supporting the expansion of large-scale renewable energy initiatives. Designed to aid Georgia homeowners in solar panel installations, it aims to mitigate costs.
This solar credit allows up to 50% of eligible expenses on solar equipment, capped at $50,000 annually. It also accommodates homeowners who are unsuitable for the Federal Solar Investment Tax Credit (ITC).
Are there solar panel installation companies in Georgia?
There are several reputable solar panel installation companies operating in Georgia, such as:
- Alternative Energy Southeast: Trusted in Georgia’s solar industry, Alternative Energy Southeast specializes in reliable and efficient solar panel installations, crafting customized systems to optimize home energy production and savings.
- SunPower: SunPower is a top solar panel producer and installer, noted for its high-efficiency panels, cutting-edge technology, and emphasis on quality and performance.
- Tesla Solar: With a commitment to sustainability and cutting-edge technology, Tesla Solar provides homeowners in Georgia with reliable and efficient solar energy systems designed to meet their energy needs for years to come.
Frequently Asked Questions (FAQs)
Is it worth getting solar panels in Georgia?
With abundant sunshine and favorable solar policies, investing in solar panels in Georgia can yield significant long-term savings on electricity bills while reducing reliance on traditional energy sources.
Do I need a permit for solar panels in Georgia?
Homeowners need to obtain a permit for solar panel installation in Georgia. The requirements may vary depending on the local jurisdiction, so checking with your local permitting office is essential.
Is there free solar panel installation in Georgia?
While specific incentive programs or financing options might reduce upfront costs, Georgia has no free solar panel installations. However, the long-term savings on electricity bills often outweigh the initial investment.
What is the best type of solar panel for Georgia homes?
The best type of solar panel for Georgia homes depends on energy needs, budget, and roof space. Generally, monocrystalline and polycrystalline solar panels are popular choices due to their efficiency and durability.
Do solar panels increase home value in Georgia?
Homes with solar panels generally have better property values and sell faster than those without. Solar panels are a significant house upgrade that can appeal to environmentally aware clients.
Does Georgia buy back solar power?
Georgia Power has net buyback policies that allow residents with solar panels to sell excess electricity back to the grid at retail rates, providing a financial incentive for solar energy generation.
Does Georgia have community solar?
Georgia has community solar programs that enable more than one household to benefit from a single solar installation, making solar energy accessible to renters and homeowners who cannot install solar panels on their properties.
Does solar increase home value in Georgia?
Solar panel installations boost the value of homes in Georgia. Homes with solar panels have higher resale values compared to those without.
Can Georgia HOA prevent solar panels?
While Georgia law protects homeowners’ rights to install solar panels, homeowners associations (HOAs) may impose certain restrictions or guidelines regarding solar panel installations.
However, these restrictions must comply with state law prohibiting outright bans on solar installations.
Homeowners should review their HOA’s governing documents and consult with legal experts to understand any applicable regulations or approval processes for solar panel installations within their community.
Conclusion
Solar panel installation in Georgia offers numerous benefits, including cost savings, environmental conservation, and energy independence.
By understanding the costs, incentives, and regulations associated with solar energy, homeowners and businesses can make informed decisions to contribute to a cleaner and greener future in Georgia.
Whether you’re considering solar panels for your home or business, now is the time to explore the possibilities of solar energy in the Peach State.
