Solar Panel Cost Guide in Anderson, SC (2024 Update)
- Anderson Solar Installation Cost: $19,401
- 25-Year Savings: $30,011
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Anderson
Here’s how much it might cost to switch to solar power in Anderson.
In Anderson, solar panels cost about 3 per watt on average.To account for the typical energy usage of the average home in Anderson, most homeowners require a 8.0-kilowatt system. Using the figure above, a solar installation costs about $19,401, or $27,743 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and your own solar costs will differ based on the amount of energy your home requires and what company you go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Anderson can save about $21,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar installer in your area for a customized quote.
Solar savings over time in Anderson
| Year | Return on Investment |
|---|---|
| 1 years | $-17,916 |
| 3 years | $-14,945 |
| 5 years | $-11,975 |
| 7 years | $-9,004 |
| 9 years | $-6,034 |
| 11 years | $-3,063 |
| 13 years | $-93 |
| 15 years | $2,878 |
| 17 years | $5,848 |
| 19 years | $8,819 |
| 21 years | $11,790 |
| 23 years | $14,760 |
| 25 years | $17,731 |
Top Solar Installers in Anderson
Installing solar panels on your own can be a dangerous task, which is why hiring a solar installation company is a good option for many homeowners. Some solar installers, particularly local ones, can help you take advantage of incentives in Anderson, optimizing your ROI.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
See all of the solar companies in Anderson
Factors that Affect Solar Panel Costs in Anderson
Although the average cost of a solar system in Anderson is $19,401, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,450. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Anderson, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Anderson, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can play a part in determining the cost. Anderson’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.59 | $15,070 | $18,769 | 11.1 years |
| 8 kW | $3.52 | $19,706 | $25,411 | 10.9 years |
| 10 kW | $3.45 | $24,150 | $32,247 | 10.7 years |
| 12 kW | $3.38 | $28,400 | $39,276 | 10.5 years |
| 14 kW | $3.31 | $32,458 | $46,498 | 10.3 years |
| 16 kW | $3.24 | $36,322 | $53,914 | 10.1 years |
| 18 kW | $3.17 | $39,992 | $61,522 | 9.8 years |
| 20 kW | $3.11 | $43,470 | $69,324 | 9.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Warranty: If you’re concerned about the durability of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Anderson, SC Solar Cost FAQs
What is the average cost of installing solar panels in Anderson?
The average cost of solar panels in Anderson is about $17,250 for a 5-kW system and $34,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Anderson?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.