Solar Panel Cost Guide in Conway, SC (2024 Update)
- Conway Solar Installation Cost: $18,525
- 25-Year Savings: $34,121
- Payback Period: 9.5 Years
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Average Cost of Solar Panels in Conway
We go over average solar pricing in Conway.
In Conway, solar panels cost about 3 per watt on average.Since a 7.7-kW system is needed to cover the energy needs of a typical home in Conway, the average price of going solar will be about $18,525 after claiming the federal solar tax credit of 0.
These figures are just averages, and your own solar costs may differ based on your energy needs and what company you choose to go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Conway can save about $24,000 on their energy bills over 20 years.
To get a free quote from a pre-vetted solar installation company in Conway, you can click the button below.
Solar savings over time in Conway
| Year | Return on Investment |
|---|---|
| 1 years | $-16,743 |
| 3 years | $-13,179 |
| 5 years | $-9,615 |
| 7 years | $-6,051 |
| 9 years | $-2,487 |
| 11 years | $1,077 |
| 13 years | $4,641 |
| 15 years | $8,205 |
| 17 years | $11,769 |
| 19 years | $15,333 |
| 21 years | $18,897 |
| 23 years | $22,461 |
| 25 years | $26,025 |
Top Solar Installers in Conway
When going solar, many homeowners prefer to go with a solar installation company since putting up a solar system yourself can be a time-consuming project. Local solar installers can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:
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 Conway
Factors that Affect Solar Panel Costs in Conway
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that will push your cost above or below the average in Conway: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $3,450 per kilowatt in Conway.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Conway average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Conway, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you choose will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.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 | $23,044 | 9.9 years |
| 8 kW | $3.52 | $19,706 | $31,111 | 9.7 years |
| 10 kW | $3.45 | $24,150 | $39,372 | 9.5 years |
| 12 kW | $3.38 | $28,400 | $47,826 | 9.3 years |
| 14 kW | $3.31 | $32,458 | $56,473 | 9.1 years |
| 16 kW | $3.24 | $36,322 | $65,314 | 8.9 years |
| 18 kW | $3.17 | $39,992 | $74,348 | 8.7 years |
| 20 kW | $3.11 | $43,470 | $83,574 | 8.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers have 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.
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
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 Conway, SC Solar Cost FAQs
What is the average cost of installing solar panels in Conway?
The average cost of solar panels in Conway 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 consume.
Can you get solar panels for free in Conway?
A solar panel system isn’t free in Conway, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,270.44 per year.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.