Solar Panel Cost Guide in Mullins, SC (2024 Update)
- Mullins Solar Installation Cost: $19,344
- 25-Year Savings: $29,934
- Payback Period: 10.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Mullins
Let’s take a look at the average cost of solar in Mullins.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mullins, the typical cost of a solar system is 3 per watt.Using this figure, a typical 8.0-kW system would cost about $19,344 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Mullins depending on several factors, such as the brand of solar panels you choose and the solar company you hire.With typical savings of about $21,000 on power bills over 20 years, many homeowners in Mullins find going solar has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Mullins for a quote for your home.
Solar savings over time in Mullins
| Year | Return on Investment |
|---|---|
| 1 years | $-17,786 |
| 3 years | $-14,670 |
| 5 years | $-11,554 |
| 7 years | $-8,438 |
| 9 years | $-5,322 |
| 11 years | $-2,206 |
| 13 years | $910 |
| 15 years | $4,026 |
| 17 years | $7,142 |
| 19 years | $10,258 |
| 21 years | $13,374 |
| 23 years | $16,490 |
| 25 years | $19,606 |
Top Solar Installers in Mullins
Many homeowners decide to use a solar installer since figuring out how to install solar panels yourself can be challenging. The payback period on an investment in solar panels will vary based on factors like your location and energy consumption, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Mullins
Factors that Affect Solar Panel Costs in Mullins
Even though the average cost of a solar system in Mullins is $19,344, your final cost may differ. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Mullins, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your all-in costs, so it’s important to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can influence your pricing. Mullins’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $18,777 | 11.1 years |
| 8 kW | $3.52 | $19,706 | $25,422 | 10.9 years |
| 10 kW | $3.45 | $24,150 | $32,261 | 10.7 years |
| 12 kW | $3.38 | $28,400 | $39,293 | 10.5 years |
| 14 kW | $3.31 | $32,458 | $46,518 | 10.3 years |
| 16 kW | $3.24 | $36,322 | $53,936 | 10.1 years |
| 18 kW | $3.17 | $39,992 | $61,547 | 9.8 years |
| 20 kW | $3.11 | $43,470 | $69,352 | 9.6 years |
How to Save on Solar Panels
There are numerous companies to choose from in Mullins, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The model of solar panel you want to get plays a part in which installer you should go with, since different companies offer different panels.
- Installation Process: When making the switch to solar energy, it’s important to keep an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project timeline.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Mullins, SC Solar Cost FAQs
How much does it cost to install solar panels in Mullins?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $17,250 for a 5-kW system and $34,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Mullins?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Mullins?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.