What is the best solar incentive in Georgia?

The best solar incentive in Georgia is actually a federal tax credit. The Residential Clean Energy Credit, formerly known as the federal investment tax credit (ITC), can reduce your solar panel system's cost by 30%. Your entire system, including all the equipment, labor, permitting, and sales tax, qualifies for the ITC.

Does Georgia have a solar rebate program?

As of January, Georgia doesn’t have any local incentives or rebate programs. However, Georgia Power will buy back the excess energy a solar panel system creates at a rate less than the retail cost of energy.

Is solar energy a good investment in Georgia?

Solar incentives: Georgia has a lot of incentives to help you go solar, like the Georgia Environmental Finance Authority Solar Program, which can further offset the costs of installing solar equipment. Environmental benefits: If you are trying to do your part and help the environment, solar energy is a great choice for Georgia homeowners.

How much does a solar system tax credit cost in Georgia?

Given the average solar system cost of $36,190 in Georgia, the 30% credit usually comes out to $10,857. You can save that much on your tax bill if you owe enough to cover the credit, which can effectively bring down the cost of your system. Any unused credit can be rolled over to four additional tax years for a total of five years.

Are solar panels tax deductible in Georgia?

Georgia doesn't offer any state-specific battery incentives. However, all batteries larger than 3 kWh are eligible for the same 30% federal tax credit as solar panels. Batteries can make good financial sense as part of a home solar system in Georgia.

How much does a 5 kW solar panel cost in Georgia?

In Georgia, the average cost for a 5 kW solar panel system is around $13,160. Once you factor in the 30% credit, the cost of a solar panel system in Georgia comes down to $9,212. When you file your taxes, you can claim this incentive as a credit towards your federal tax bill.