Georgia Solar

Welcome to a comprehensive exploration of Georgia’s dynamic solar energy landscape. As the seventh-ranked state nationally in solar capacity, Georgia shines as a beacon of renewable energy potential. Moreover, boasting an impressive 5,485 MW capacity that powers over 656,000 homes.

Whether you’re a homeowner, renter, or business, Georgia’s solar scene offers a bright future for all.

Key Takeaway

Georgia’s Solar Energy

Georgia ranks 7th nationally in solar energy with a capacity of 5,485 MW. Moreover, this is sufficient to power over 656,000 homes and 6.09% of the state’s electricity. The solar sector employs over 5,382 people across 241 companies and has attracted $6.1 billion in investment.  Georgia, often ranking just outside the top ten in SEIA’s national solar rankings, had installed over 1,500 MW of solar capacity by early 2019. Therefore, focusing on a market-driven approach rather than relying heavily on solar incentives

History of Solar Policy in Georgia

The state’s solar journey began in 1978 with the Solar Easements Act, ensuring solar system owners’ access to sunlight. Significant policy developments, such as the 2001 Cogeneration and Distribution Act, came later. This introduced a net metering program allowing residents to sell excess solar energy back to utilities. This is a key factor in the industry’s growth despite not offering all the benefits seen in other leading solar states.

Georgia has offered few other solar incentives, with a notable 35% personal tax credit for renewable energy system installation that expired in 2014. Some local utilities offer solar rebates, which will be explained further later. However, the state’s largest utility, Georgia Power, has limited buyback programs and long waiting times. The 2016 Integrated Resource Plan aimed to increase renewable energy by 1,200 MW. As well as the 2015 Solar Power Free-Market Financing Act facilitated solar financing through PPAs. Thus enhancing the attractiveness of solar investments.

Despite sparse solar policies, utility initiatives and the city of Atlanta’s commitment to 100% renewable energy by 2035 signal continued growth for Georgia’s solar industry

What is the state of solar in Georgia?

How much do solar panels cost in Georgia?

As of February 2024, the average solar panel system costs $2.87/W, including installation in Georgia. For a 5 kW installation, this comes to about $14,365 before incentives, though prices range from $12,210 to $16,520. After the federal tax credit, the average price drops by 30%. It may seem obvious, but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size. While a 5 kW system will only cost you $14,365 in Georgia, doubling the system size effectively doubles the price, so you’ll pay about twice that for a 10 kW system. The higher the price tag, the more you’ll get back as a credit towards your federal tax bill.

Georgia solar incentives

Georgia has sunshine levels that are slightly lower than those of Florida. Furthermore, creating a favorable setting for solar energy generation through solar panels. Even though no state-run programs provide rebates or tax benefits for solar energy in Georgia as of 2023, the state’s solar easement laws protect homeowners’ access to sunlight. Thus ensuring that new buildings do not block existing solar panels.

What rebates and incentives are there in Georgia for solar?

1. Central Georgia EMC Home Plus Loan Program 

Green loans are available at a fixed annual percentage rate of 9.90% and a maximum repayment term of 96 months. Central Georgia Electric Membership Corporation (EMC) is a cooperative supplying electricity to over 62,000 clients in 15 counties.

Central Georgia EMC provides financing choices through the Home Plus Loan Program. These loans can be utilized for solar panel installations and various energy-saving measures. You can borrow up to $25,000 for eligible home upgrades, with an APR of 9.90% and a repayment period of up to 96 months. Through the Home Plus Loan Program, you can spread out the cost of your solar investment over eight years. Initially, most of your power bill savings will go towards loan payments, but remember that premium solar panels have a lifespan of over 25 years. After repaying the loan, you will have a cost-free electricity source for many years.

2. Georgia Power Home Energy Improvement Program

The Georgia Power Home Energy Improvement Program (HEIP) does not provide direct rebates for solar energy systems. However, you can benefit from combining your solar installation with energy efficiency upgrades in your home. To be eligible for the Georgia Power rebate, the energy efficiency improvements made in your home must result in a minimum of 20% reduction in electricity usage. The incentive covers 50% of the project’s costs, with a maximum limit of $1,100. You can claim the rebate for multiple home energy upgrades over time, but the highest incentive amount you can receive in a year is $1,100. If you own an electric vehicle and consider using solar power for charging, Georgia Power also provides rebates for EV chargers.

3. Central Solar Easement Laws

Value of motivation: Solar panel owners are assured access to sunlight. In Georgia, laws on solar easements guarantee that owners maintain access to sunlight. When a solar power system is installed, no one can construct a building that blocks the panels from receiving sunlight. These laws do not offer a monetary incentive but ensure that solar panels continue functioning efficiently throughout their lifespan.

Estimated Solar Savings from Rebates

By accessing the World Bank Global Solar Atlas and focusing on Georgia, you will observe that the state receives plentiful sunlight all year round. Every kilowatt solar capacity installed in Atlanta can produce over 1,500 kilowatt-hours annually.

With a 6-kW solar panel system installed, you can anticipate generating more than 9,000 kWh annually. Since Atlanta’s average residential electricity rate is 16 cents/kWh, you could save $1,440 in energy expenses annually. The cost for a 6-kW solar power system in Georgia is approximately $15,600, but after deducting the 30% federal tax credit, the net cost is reduced to $10,920. Considering the $1,440 saved annually, the payback period for the system is 7.6 years. The yearly return on investment (ROI) is calculated at 13.2%.

While a payback period of 7.6 years may appear lengthy, it is essential to note that top-quality solar panels typically come with 25-year warranties. This payback period represents only a fraction of their total lifespan. Additionally, Georgia’s solar easement laws ensure that your access to sunlight will not be obstructed.

Top Utilities in Georgia

• Georgia Power

  • Georgia Power is the largest subsidiary of Southern Company, one of the nation’s biggest electricity generators. Serving as the primary electricity provider in Georgia, it caters to over 2.6 million customers across the state. The company is known for its diverse energy mix, including nuclear, coal, natural gas, solar, and hydroelectric power sources. Georgia Power is at the forefront of incorporating renewable energy into its portfolio. They have significant investments in solar energy through various programs, including the Renewable Energy Development Initiative (REDI) and solar buyback programs. They are committed to environmental stewardship and sustainability, aiming to provide reliable service while minimizing environmental impact.

• Oglethorpe Power Corporation

  • Oglethorpe Power is one of the largest power supply cooperatives in the United States, providing electricity to 38 Electric Membership Corporations (EMCs) in Georgia, serving around 4.1 million residents. It generates electricity through nuclear, natural gas, hydroelectric, and renewable sources. Oglethorpe is heavily involved in the expansion of nuclear power in Georgia, notably through its participation with Georgia Power in the construction of new units at the Vogtle Electric Generating Plant, marking a significant step in the growth of clean, reliable energy for the state. The company emphasizes reliability, affordability, and sustainability in its operations, striving to meet the energy needs of its vast member network with a focus on long-term resource management.

• Municipal Electric Authority of Georgia (MEAG Power)

  • MEAG Power is a public generation and transmission organization providing electricity to 49 member communities throughout Georgia. It stands out for its wholesale power supply services, contributing to the economic development and quality of life in these areas. MEAG Power owns a diverse portfolio of electric generating plants, including nuclear, natural gas, coal, and renewable energy sources, reflecting its commitment to a balanced and sustainable energy supply. MEAG Power focuses on reliability, fiscal responsibility, and innovative energy solutions to support its member utilities and customers.

Community Solar in Georgia

Georgia Community Solar

This program offers an accessible way for residential and commercial customers to participate in solar energy without installing solar panels. It’s especially beneficial for those facing physical, financial, or regulatory barriers to solar panel installation.

Residential Program

• Cost: $24.00 per monthly block, added directly to the electric bill.
• Target Customers: Ideal for renters, condominium or townhome owners, homeowners with limited roof space or shading issues, those under restrictive HOA covenants, and individuals unable to afford rooftop solar installations.

Commercial Program

• Cost: $25.00 per monthly block, appearing as a line item on the electric bill.
• Eligibility:
  • Must be on the General Service (GS) rate.
  • Monthly energy usage must be less than 3,000 kWh.
  • Maximum demand should be 30 kW or less.
• Target Customers: Suited for small business customers interested in solar energy but are unable to install their own solar panels due to various constraints.

SB120

The Georgia Solar Energy Industries Association (GASEIA) is endorsing state Sen. Jason Anavitarte’s sponsorship of SB 210. Furthermore, aimed at enhancing and broadening community solar initiatives in Georgia. As well as revising aspects of the law related to net metering. This legislation is a follow-up to earlier efforts to support solar energy in Georgia, including the Cogeneration and Distributed Generation Act of 2001, the expansion of the solar market by the Georgia Public Service Commission in 2013, and the Georgia Solar Free-Market Act of 2015.

The Georgia Homegrown Solar Act of 2023 is designed to build upon these initiatives by offering updated monthly net metering, facilitating the creation of non-profit community solar, and improving access to customer data. However, its provisions specifically exclude electric membership cooperatives (EMCs) and municipal electric utilities. The bill aims to increase the cap for rooftop solar programs from 0.2% to 5% of the previous year’s annual peak demand. This adjustment is intended to provide time for market maturation. Upon reaching this threshold, the Public Service Commission would be tasked with determining a successor crediting mechanism to facilitate ongoing monthly net metering in the expanding market.

HB1152 Georgia

House Bill 1152 proposes allowing Georgia Power customers to subscribe to community solar projects of up to six megawatts managed by third-party providers. This legislative move, aimed exclusively at Georgia Power due to the regulatory oversight of the state Public Service Commission (PSC), seeks to democratize access to solar energy. The bill addresses Georgia’s lag in smaller, distributed generation projects despite its success in larger utility-scale solar projects by enabling participation in solar projects larger than individual rooftop systems but smaller than utility-scale installations. The bill is presented as a job-creating, development-boosting initiative that could reduce Georgia’s reliance on imported energy and lower energy bills for ratepayers. Advocates argue it will correct Georgia’s underperformance in distributed solar generation and stimulate local solar investments.

Georgia power against community solar?

Legislation to establish a community solar market has been introduced in Georgia, enabling ratepayers to subscribe to solar facilities for utility bill credits. The “Homegrown Solar Act” proposes a 6 MW cap on projects, with Georgia Power crediting subscribers based on a formula minus distribution costs while protecting customers from discriminatory fees. Community solar could offer 10% to 20% savings on utility bills, especially benefiting those unsuitable for rooftop solar. Despite Georgia’s high ranking in overall solar capacity, it lags in distributed solar areas like rooftop and community solar, which offer several benefits, including reduced transmission needs and enhanced resilience.

Georgia Power opposes the bill, fearing a “cost shift” that might raise rates for non-solar customers, though studies suggest minimal impact from distributed solar. The bill includes provisions to address potential cost shifts. Amid concerns of a future electricity shortfall, proponents argue that community solar, the most cost-effective generation source, could prevent shortages more efficiently than new fossil fuel projects. The legislation, supported by the Georgia Solar Energy Industries Association for its potential to address the energy crisis, faces a deadline to pass through one chamber for further progression.

Is Georgia a good state for solar power?

One of Georgia’s leading financial advantages of switching to solar power is decreased monthly utility bills. On average, residents pay approximately $155.23 per month for electricity. Going solar could save up to $1,862 per year, though this may require a solar battery as net metering is not compulsory in the state. Over the expected lifespan of over 25 years for your solar panels, you could save a total of $32,443, even after the initial cost of the panels. Furthermore, solar panels reduce your dependence on your utility provider, helping you avoid or mitigate the impact of electricity rate increases throughout the life of your system. Locking in a lower electricity rate through solar power can simplify financial planning and budgeting. In general, solar power offers significant long-term economic benefits for residents in Georgia.

Georgia is an ideal location for utilizing solar power. With abundant sunshine, affordable solar technology, and high energy usage, installing solar panels can be a wise investment for many homeowners.
Nevertheless, not every home may be suitable for solar energy conversion. Evaluating factors such as sunlight exposure, roof orientation, potential shading, projected payback period for the panels, and other considerations to determine if your property is a good fit for solar energy.

Conclusion

Georgia’s journey towards solar energy is marked by significant achievements and ongoing challenges. The state’s substantial solar capacity and evolving policies reflect a strong foundation for future growth. With innovative programs to expand access to solar energy, Georgia is poised to continue its leadership in the renewable energy sector. The community solar initiatives represent a crucial step forward, promising a more inclusive and sustainable solar future. As we look ahead, Georgia’s continued support for solar energy contributes to environmental sustainability and heralds a new era of energy independence and economic opportunity.

Embrace A Sustainable Life!

Are you ready to be part of Georgia’s solar revolution? Whether considering solar for your home, business, or community, now is the time to explore your options. Investigate local solar programs, connect with reputable companies, and consider how you can contribute to and benefit from Georgia’s solar energy boom. Join us on this solar journey today!

Frequently Asked Questions (FAQ)

1. How often can you use the Central Georgia EMC Home Plus Loan Program?

You can only use the Central Georgia EMC Home Plus Loan Program once!

2. How does Georgia support solar energy initiatives?

Georgia offers various solar incentives and tax credits to encourage the adoption of solar power systems, making it a favorable environment for renewable energy investments.

3. What is a tax credit, and how does it relate to solar installations?

A tax credit is a government’s financial incentive to promote certain activities, such as investing in solar energy. Homeowners can benefit from tax credits when they install a solar panel system on their property.

4. How can I find the best solar companies for my solar installation?

Researching and comparing solar companies in Georgia that offer solar panel installation services can help you choose the best provider based on their experience, reputation, and pricing.

5. Are there any rebates available for solar projects in 2024?

Yes, various rebates and incentives are offered for solar energy projects in 2024 to encourage the transition to renewable energy sources and increase energy efficiency.