Home Solar Power in Georgia
The Power of the sun is Georgia’s largest source of clean, affordable renewable energy – solar power is available anywhere in Georgia that the sun shines which is everywhere in the state. Although it sounds amazing one days’ worth of summer sun is capable of producing more electricity than existing power plants can produce in a year
Georgia Solar Financing Options
Solar power in Georgia has never been banned but consumers have been prohibited from taking advantage of two of the most affordable types of solar financing options; Solar Leases and PPA’s which allow for homeowners to get home solar panels installed with no upfront costs. Governor Nathan Deal has recently signed “The Solar Power Free-Market Financing Act of 2015 ” making it possible for Georgia energy consumers to sign agreements with solar service providers allowing for the sale of excess home solar energy produced that gets fed back into the grid. This sets the stage for the home solar industry to explode in Georgia.
Home Solar Growth in Georgia
Georgia installed 45 MW of solar electric capacity in 2014, ranking it 16th in the United States. There is currently enough solar energy installed in Georgia to power over 19,000 homes saving electrical rate payers thousands of dollars every year. Solar has also proven to be an economic bonus for the state, the growth of solar in Georgia has generated over 173 solar related businesses employing over 2,900 people.
One of the driving forces that will help guarantee the success of the Georgia home solar program is an aggressive program designed to give ratepayers options to take control of their energy costs as well meet environmental clean energy goals. Georgia Power is now required to buy 525 megawatts of solar power by 2016 and 20% of that must come from residential or small commercial installations.
Georgia Solar Power Savings
Georgia residents that have a home that is a good candidate for solar power, the financial return on investing in a photovoltaic home solar system in can be very positive. At five to eight years Georgia has one of the shortest home solar payback periods in the nation and savings will continue long after the system is paid off. The life of a solar PV system is 20 years or more.
Because Georgia solar efforts have become so successful the state has attracted the attention of some of the leading solar companies in the nation creating financing opportunities that make it easy to start saving on your energy bills immediately. Contact a Solar Consultant to see what programs, incentives and rebates you qualify for. Often times you can get a home solar system installed on your home with absolutely no upfront costs.