Solar Panel Cost Guide in Easley, SC (2024 Update)
- Easley Solar Installation Cost: $19,478
- 25-Year Savings: $17,654
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Easley
Let’s take a look at the average cost of solar in Easley.
Although the national average of solar panels is $2.66 per watt, solar panels in Easley typically cost about 3.To account for the typical energy usage of the average home in Easley, most homeowners require a 8.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $19,478, or $27,854 before the federal solar tax credit of 0 is applied.
The actual price you pay can go above or below the average in Easley based on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.With average savings of about $21,000 on electricity bills over 20 years, many homeowners in Easley find investing in solar can pay off big.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Easley
| Year | Return on Investment |
|---|---|
| 1 years | $-17,993 |
| 3 years | $-15,022 |
| 5 years | $-12,052 |
| 7 years | $-9,081 |
| 9 years | $-6,111 |
| 11 years | $-3,140 |
| 13 years | $-170 |
| 15 years | $2,801 |
| 17 years | $5,771 |
| 19 years | $8,742 |
| 21 years | $11,712 |
| 23 years | $14,683 |
| 25 years | $17,654 |
Top Solar Installers in Easley
Although you can install solar panels on your own, it takes extra time and know-how. For that reason, the majority of homeowners choose a solar panel installer. Also, companies with a high reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
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 Easley
Factors that Affect Solar Panel Costs in Easley
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Easley: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over 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 electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,450 per kilowatt in Easley.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, like solar batteries, can bring your total well above the Easley average.
Solar Financing Terms
Many homeowners find the average cost of solar in Easley to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Easley is the company you hire to install your solar panel system. As with choosing a company to build a deck or pool, for example, you’ll have no shortage of solar installers that offer a range of services for different budgets.Larger national companies usually have lower costs, but some local companies keep up 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 | $18,526 | 11.2 years |
| 8 kW | $3.52 | $19,706 | $25,088 | 11.0 years |
| 10 kW | $3.45 | $24,150 | $31,843 | 10.8 years |
| 12 kW | $3.38 | $28,400 | $38,791 | 10.6 years |
| 14 kW | $3.31 | $32,458 | $45,932 | 10.4 years |
| 16 kW | $3.24 | $36,322 | $53,267 | 10.1 years |
| 18 kW | $3.17 | $39,992 | $60,794 | 9.9 years |
| 20 kW | $3.11 | $43,470 | $68,515 | 9.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
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 Easley, SC Solar Cost FAQs
What is the average cost of installing solar panels in Easley?
The average cost of solar panels in Easley 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 kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Easley?
You can’t get solar panels for free in Easley. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Easley is currently $298,215, so you can expect a value of about $12,227 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Easley is a worthwhile investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.