Solar is a serious investment, and you'll want to know all your purchasing options before making a decision. Pick a method that best fits your financial situation. Here are a few ways to pay for your solar panels.
Cash: Cash purchases are the interest-free and tax credit-eligible option, but paying upfront may not be affordable. If you have plans to go solar in the future, consider saving up in a high-yield savings account. This will help net you more money over time.
Solar loan: Solar installers will typically offer solar panel financing options in the form of a solar loan. These loans may be a good option for those interested in taking advantage of tax credits but who can't pay upfront. Be sure to inspect all associated fees and interest rates.
Other loans: Solar loans aren't your only available financing option. You could take out a personal loan through your bank or open a home equity line of credit. Just be aware that if you go with a HELOC, your home becomes collateral. It's a good idea to compare loan rates with multiple providers before signing off on anything.
Lease or power purchase agreement: Solar leases and power purchase agreements are different ways you can benefit from solar panels without having to buy them. Instead, a solar company will own the panels. In a solar lease, you pay a fixed monthly fee, but in a power purchase agreement, you pay a fee based on the energy you consume from the solar panels.
Installation factors to consider
Choosing solar power is a financial commitment. Consider the following five things to help determine if installing a solar system is right for you.
Current roof condition: If your roof is old or damaged, repairs may be required to ensure your solar system lasts. A certified installer should recommend any needed maintenance prior to solar panel installation.
Home location: If your roof is shaded by trees or other outdoor elements most of the day, your solar panels may not generate as much energy. Panels perform best with a minimum of four "peak sun hours," a measurement of sunlight intensity.
Insurance policy: Review your current homeowner's insurance policy. If the policy doesn't cover solar panels, contact your insurance company.
Rent or own: Community solar programs are subscription-style solar services for renters or others who don't have solar panels.
How we found the best solar companies
The companies we listed above as "the best" are curated from CNET's best solar companies list. Companies making the best list are scored on the equipment, warranties and customer service they offer. Then, we make sure these recommendations are available in your state. You can read a full breakdown of how we review solar companies here.
Companies listed under the local installers were chosen in a less rigorous way. We chose them because they offered something unique or notable to customers in the state, they seemed well-regarded by internet reviewers or because they were one of the few installers we could find information on in the state.
Whether we've completed a full review on a company or not, it's always a good idea to get multiple quotes from different installers before choosing a company.
" hed="Our methodology" imagegroup="{}" merchantoffers="[]" usepricing="true" data-key="cnetlisticle__b0a23986-5dd1-42df-a13d-7f56de7b7506" position="NaN" api="{"_id":{"$oid":"65ccd26b37bd9527a111d732"},"newParentVersionId":"30aa3fd8-a823-4fd6-878e-091e8bb41092","uuid":"b0a23986-5dd1-42df-a13d-7f56de7b7506","description":"<p>The companies we listed above as \"the best\" are curated from&nbsp;<a href=\"https://www.cnet.com/home/energy-and-utilities/best-solar-companies/#link=%7B%22linkText%22:%22CNET's%20best%20list%20for%20solar%20companies%22,%22target%22:%22%22,%22href%22:%22https://www.cnet.com/home/energy-and-utilities/best-solar-companies/%22,%22role%22:%22standard%22,%22absolute%22:%22%22%7D\">CNET's best solar companies list</a>. Companies making the best list are scored on the equipment, warranties and customer service they offer. Then, we make sure these recommendations are available in your state. You can read a full breakdown of&nbsp;<a href=\"https://www.cnet.com/home/energy-and-utilities/how-we-review-solar-companies/#link=%7B%22linkText%22:%22how%20we%20review%20solar%20companies%22,%22target%22:%22%22,%22href%22:%22https://www.cnet.com/home/energy-and-utilities/how-we-review-solar-companies/%22,%22role%22:%22standard%22,%22absolute%22:%22%22%7D\">how we review solar companies here</a>.</p><p>Companies listed under the local installers were chosen in a less rigorous way. We chose them because they offered something unique or notable to customers in the state, they seemed well-regarded by internet reviewers or because they were one of the few installers we could find information on in the state.</p><p>Whether we've completed a full review on a company or not, it's always a good idea to get multiple quotes from different installers before choosing a company.</p>","dislike":"","hed":"Our methodology","imageCaptionOverride":"","imageCreditOverride":"","imageGroup":{},"isLive":true,"like":"","merchantOffers":[],"metadata":{"parentId":"c1e51737-17dd-4919-8a98-6b30842d542f","parentContentType":"content_article","slug":"georgia-solar-panels","dateUpdated":{"date":"2024-02-15 03:30:04.787581","timezone_type":3,"timezone":"UTC"},"timestamp":1707967804000,"lastUpdatedBy":null,"edition":"us"},"shortcodeType":"listicle","siteId":1,"subhed":"","supplementalText":"","supplementalUrl":"","techObjectInfo":null,"techProdUuid":"","usePricing":true}">
Georgia solar power FAQs
The cost of a solar system varies widely depending on a lot of factors, but one estimate puts is at $18,700 for a 5 kilowatt system. It's one of the reasons you should get multiple quotes from different installers. Prices vary because of many factors, including how efficient your solar panels are, how many panels your system includes and the cost of labor and permits near you." hed="What is the price of solar panels in Georgia?" imagegroup="{}" merchantoffers="[]" usepricing="true" data-key="cnetlisticle__f05cfca3-ac40-4cd3-8560-b65b7825aef5" position="NaN" api="{"_id":{"$oid":"65ccd26b37bd9527a111d73b"},"newParentVersionId":"30aa3fd8-a823-4fd6-878e-091e8bb41092","uuid":"f05cfca3-ac40-4cd3-8560-b65b7825aef5","description":"<p>The cost of a solar system varies widely depending on a lot of factors, but one estimate puts is at $18,700 for a 5 kilowatt system. It's one of the reasons you should get multiple quotes from different installers. Prices vary because of many factors, including <a href=\"https://www.cnet.com/home/energy-and-utilities/most-efficient-solar-panels/\">how efficient your solar panels are</a>, how many panels your system includes and the cost of labor and permits near you.</p>","dislike":"","hed":"What is the price of solar panels in Georgia?","imageCaptionOverride":"","imageCreditOverride":"","imageGroup":{},"isLive":true,"like":"","merchantOffers":[],"metadata":{"parentId":"c1e51737-17dd-4919-8a98-6b30842d542f","parentContentType":"content_article","slug":"georgia-solar-panels","dateUpdated":{"date":"2024-02-15 03:30:04.795544","timezone_type":3,"timezone":"UTC"},"timestamp":1707967804000,"lastUpdatedBy":null,"edition":"us"},"shortcodeType":"listicle","siteId":1,"subhed":"","supplementalText":"","supplementalUrl":"","techObjectInfo":null,"techProdUuid":"","usePricing":true}"> Solar panels can be worth it depending on your circumstances. The federal tax credit takes 30% off the price and Georgia receives more than the average recommendation for sunlight. How potential savings work out will depend on your energy usage, local incentives and how much the price of energy keeps rising." hed="Are solar panels worth it in Georgia?" imagegroup="{}" merchantoffers="[]" usepricing="true" data-key="cnetlisticle__6423e2de-cf83-4f86-8918-bc4a416f590c" position="NaN" api="{"_id":{"$oid":"65ccd26b37bd9527a111d743"},"newParentVersionId":"30aa3fd8-a823-4fd6-878e-091e8bb41092","uuid":"6423e2de-cf83-4f86-8918-bc4a416f590c","description":"<p>Solar panels can be worth it depending on your circumstances. The federal tax credit takes 30% off the price and Georgia receives <a href=\"https://www.cnet.com/home/energy-and-utilities/peak-sun-hours/\">more than the average recommendation</a> for sunlight. How potential savings work out will depend on your energy usage, local incentives and <a href=\"https://www.cnet.com/home/energy-and-utilities/how-solar-panels-help-you-fight-inflation/\">how much the price of energy keeps rising</a>.</p>","dislike":"","hed":"Are solar panels worth it in Georgia?","imageCaptionOverride":"","imageCreditOverride":"","imageGroup":{},"isLive":true,"like":"","merchantOffers":[],"metadata":{"parentId":"c1e51737-17dd-4919-8a98-6b30842d542f","parentContentType":"content_article","slug":"georgia-solar-panels","dateUpdated":{"date":"2024-02-15 03:30:04.801953","timezone_type":3,"timezone":"UTC"},"timestamp":1707967804000,"lastUpdatedBy":null,"edition":"us"},"shortcodeType":"listicle","siteId":1,"subhed":"","supplementalText":"","supplementalUrl":"","techObjectInfo":null,"techProdUuid":"","usePricing":true}"> There are many options for solar panel companies in Georgia. Review those mentioned on this page in addition to CNET's top picks. We recommend getting quotes from multiple solar companies to choose the best option for your home and budget.&nbsp;" hed="How do I choose a Georgia solar panel company?" imagegroup="{}" merchantoffers="[]" usepricing="true" data-key="cnetlisticle__0dc30e07-56ff-4286-acb6-d46efa576546" position="NaN" api="{"_id":{"$oid":"65ccd26b37bd9527a111d74b"},"newParentVersionId":"30aa3fd8-a823-4fd6-878e-091e8bb41092","uuid":"0dc30e07-56ff-4286-acb6-d46efa576546","description":"<p>There are many options for solar panel companies in Georgia. Review those mentioned on this page in addition to <a href=\"https://www.cnet.com/home/energy-and-utilities/best-solar-companies/\">CNET's top picks</a>. We recommend getting quotes from multiple solar companies to choose the best option for your home and budget.&nbsp;</p>","dislike":"","hed":"How do I choose a Georgia solar panel company?","imageCaptionOverride":"","imageCreditOverride":"","imageGroup":{},"isLive":true,"like":"","merchantOffers":[],"metadata":{"parentId":"c1e51737-17dd-4919-8a98-6b30842d542f","parentContentType":"content_article","slug":"georgia-solar-panels","dateUpdated":{"date":"2024-02-15 03:30:04.808508","timezone_type":3,"timezone":"UTC"},"timestamp":1707967804000,"lastUpdatedBy":null,"edition":"us"},"shortcodeType":"listicle","siteId":1,"subhed":"","supplementalText":"","supplementalUrl":"","techObjectInfo":null,"techProdUuid":"","usePricing":true}">
Faith Foushee is a CNET contributor and a writer for our sister publication SaveOnEnergy.com, covering energy-efficient products, renewables and other energy topics. She enjoys learning about new energy technology and helping others save money. Faith graduated from High Point University with a bachelor's degree in strategic communication.
Faith Foushee is a CNET contributor and a writer for our sister publication SaveOnEnergy.com, covering energy-efficient products, renewables and other energy topics. She enjoys learning about new energy technology and helping others save money. Faith graduated from High Point University with a bachelor's degree in strategic communication.
CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover. If you buy through our links, we may get paid. Reviews ethics statement
Faith FousheeCNET Contributor
Faith Foushee is a CNET contributor and a writer for our sister publication SaveOnEnergy.com, covering energy-efficient products, renewables and other energy topics. She enjoys learning about new energy technology and helping others save money. Faith graduated from High Point University with a bachelor's degree in strategic communication.
Andrew Blok has been an editor at CNET covering HVAC and home energy, with a focus on solar, since October 2021. As an environmental journalist, he navigates the changing energy landscape to help people make smart energy decisions. He's a graduate of the Knight Center for Environmental Journalism at Michigan State and has written for several publications in the Great Lakes region, including Great Lakes Now and Environmental Health News, since 2019. You can find him in western Michigan watching birds.
ExpertiseSolar providers and portable solar power; coffee makers, grinders and productsCredentials
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