Financing Solar Panels In Ga

There was a program that offered a credit of 35 of the system s installation cost up to 10 500.

Financing solar panels in ga.

Review your options below to learn more about each provider. Solar incentives rebates and tax credits available in georgia in 2020 the most significant incentive to install solar panels for homes and businesses is the federal solar tax credit. However the funding wasn t renewed. A bill to be entitled an act to amend article 1 of chapter 3 of title 46 of the o c g a relating to the generation and distribution of electricity generally so as to provide for financing of solar technology by retail electric customers for the generation of electric energy to be used on and by property owned or occupied by such customers or to be fed back to the electric service provider.

But the similarity pretty much stops there. So the only tax credit you can tap today is the 30 itc that the federal government offers. The company buys back my excess solar power at 0 03 per kwh. Georgia s average cost of a solar panel installation ranges from 12 538 to 16 962.

If georgia power increased its buyback rate this system would pay for itself faster. Get a loan to finance your solar energy system energysage is the leading source of solar financing information. Georgia power sells me a kwh hour of power at 0 11 to 0 14 per kwh. Another calculation that potential solar buyers have to consider is the solar payback period.

Georgia doesn t currently have a tax credit for homeowners switching to solar. On a cost per watt w basis a solar panel installation in georgia ranges in price from 2 51 to 3 39. Georgia solar program gefa will provide rebates to cities counties and k 12 public schools and will reimburse up to 50 percent or 50 000 whichever is less of the cost of materials design and installation of up to 60 kilowatt kw ground mount or rooftop solar. A solar lease is similar to a solar loan in the sense that both are forms of residential solar financing with zero down solar financing options.