Solar Panel Cost Guide in Belvedere, SC (2024 Update)
- Belvedere Solar Installation Cost: $19,042
- 25-Year Savings: $32,066
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Belvedere
Let’s take a look at the average cost of solar panels in Belvedere.
While the national average of solar panels is $2.66 per watt, solar panels in Belvedere generally cost around 3.Because a 7.9-kW system is needed to cover the energy usage of a typical home in Belvedere, the average price of going solar will be about $19,042 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Belvedere homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $24,000 on energy bills over 20 years, many homeowners in Belvedere find installing solar panels has a decent ROI.
You can click the button below to get connected with a vetted solar company in Belvedere for a quote for your home.
Solar savings over time in Belvedere
| Year | Return on Investment |
|---|---|
| 1 years | $-17,301 |
| 3 years | $-13,820 |
| 5 years | $-10,340 |
| 7 years | $-6,859 |
| 9 years | $-3,378 |
| 11 years | $103 |
| 13 years | $3,584 |
| 15 years | $7,064 |
| 17 years | $10,545 |
| 19 years | $14,026 |
| 21 years | $17,507 |
| 23 years | $20,988 |
| 25 years | $24,468 |
Top Solar Installers in Belvedere
Installing solar panels by yourself can be a difficult task, which is why using a solar installation company is a good option for many homeowners. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Belvedere
Factors that Affect Solar Panel Costs in Belvedere
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Belvedere: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,450. There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Belvedere homeowners decide to finance their solar panel systems to make going solar more affordable.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies in Belvedere, and each can charge varying amounts for labor and equipment.The company’s size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $20,755 | 10.5 years |
| 8 kW | $3.52 | $19,706 | $28,060 | 10.3 years |
| 10 kW | $3.45 | $24,150 | $35,558 | 10.1 years |
| 12 kW | $3.38 | $28,400 | $43,250 | 9.9 years |
| 14 kW | $3.31 | $32,458 | $51,134 | 9.7 years |
| 16 kW | $3.24 | $36,322 | $59,212 | 9.5 years |
| 18 kW | $3.17 | $39,992 | $67,483 | 9.3 years |
| 20 kW | $3.11 | $43,470 | $75,947 | 9.1 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- 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 considerable role in the company you choose.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Belvedere, SC Solar Cost FAQs
How much does it cost to install solar panels in Belvedere?
The average cost of solar panels in Belvedere is about $17,250 for a 5-kW system and $34,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Belvedere?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home 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.