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Harnessing the Power of the Sun: Solar Panel Savings Opportunities in Georgia

Despite the lack of major statewide incentives, Georgia offers potential savings for homeowners mulling over solar panel installations. Find out about local rebates, special loans, and more.

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BNN Correspondents
New Update
Harnessing the Power of the Sun: Solar Panel Savings Opportunities in Georgia

Georgia, a sun-kissed state known for its abundant sunshine, is presenting homeowners with potential savings opportunities despite the lack of major statewide incentives for solar panel installations. Blessed with an average of 110 sunny days annually, residents in sun-drenched cities like Atlanta are in an advantageous position to harness this natural resource.

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Aiding Solar Adoption: Local Rebates and Special Loans

Georgia is not without its share of assistance programs to support solar adoption. Local rebates and special loans are available, including those specifically designed for energy efficiency improvements that complement solar systems. Among these is Georgia Power's Energy Assistance for Savings & Efficiency (EASE) program which provides free energy upgrades for low-income households. This includes projects like insulation, air sealing, and water heaters, directly contributing to the overall energy efficiency of a dwelling.

Home Energy Improvement Program and Specific Rebates

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Georgia Power's Home Energy Improvement Program offers rebates for various home energy improvements, encouraging homeowners to take the plunge into solar energy. Further, utility companies and the city of Marietta offer specific rebates for electric appliances, making the shift to solar power more accessible and affordable.

Financing Options: The HomePlus Loan

For those needing financial assistance to jumpstart their home energy projects, including solar installations, the HomePlus Loan is available through certain utility companies. This loan assists homeowners in overcoming the initial financial hurdles associated with the transition to solar energy.

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Net Metering Programs and Compensation

Net metering programs serve as another incentive for solar customers. These programs allow homeowners to sell excess energy back to the grid, with compensation rates varying by utility. Georgia Power's RNR-Instantaneous Netting program, in particular, credits customers monthly at a 'Solar Avoided Cost Rate', setting a precedent for solar energy reimbursement.

Community Solar Projects: An Alternative Option

For those unable to install solar panels, community solar projects offer an alternative. These projects allow individuals to subscribe to the output of a solar farm, which can ultimately lead to lower electricity bills. These programs serve as a testament to Georgia's commitment to promoting solar energy, even in the absence of statewide incentives.

As of January 6, 2024, Georgia continues to shine bright in its support for solar energy, offering unique opportunities for homeowners to tap into the power of the sun and save on their energy bills.

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