State ID
Georgia is an ideal area for property owners considering installing solar panels. Going solar in the Peach State is an excellent option for energy-conscious home and business owners. It is ranked 7th in the country based on the total amount of solar electric capacity installed and in operation (SEIA 2021).
Solar Incentives
Participating utilities measure the amount of excess solar electricity you put on the grid and pay you a rate determined by Georgia’s Public Service Commission. You can reduce the cost of your PV solar energy system by 26%. Keep in mind that the ITC applies only to those who buy their PV system outright and have enough income for the tax credit be meaningful.
Frequently asked questions
FAQ
Growth Projection and Ranking: 2,119 MW over the next 5 years (ranks 16th)
Total Solar Investment in State: 4.8 billion
As of March 2022, the average solar panel cost in Georgia is $2.98/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Georgia ranges in cost from $12,665 to $17,135, with the average gross price for solar in Georgia coming in at $14,900
Generally, homes with solar energy systems sell for more than homes without. In most parts of the country, going solar can increase your property’s value by 4.1 to 9.9%, depending on where you live. Please note: The value of your property will only increase if you own, rather than lease, your solar system. However, a leased solar system may increase your home’s marketability.
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