Solar Panel Cost Guide in Port Royal, SC (2024 Update)
- Port Royal Solar Installation Cost: $17,687
- 25-Year Savings: $31,692
- Payback Period: 9.7 Years
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Average Cost of Solar Panels in Port Royal
Find out what the average cost of installing solar panels is in Port Royal.
The average cost of solar panels in Port Royal is 3 per watt.The average solar panel system size in Port Royal is around 7.3 kilowatts, meaning a cost of about $17,687 for a solar installation, or $25,292 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely look different based on the amount of energy your home requires and what company you go with.With average savings of about $25,000 on power bills over 20 years, many homeowners in Port Royal find installing solar panels has a decent ROI.
You can click the button below to get connected with a pre-vetted solar company in Port Royal for a quote for your home.
Solar savings over time in Port Royal
| Year | Return on Investment |
|---|---|
| 1 years | $-15,946 |
| 3 years | $-12,466 |
| 5 years | $-8,985 |
| 7 years | $-5,504 |
| 9 years | $-2,023 |
| 11 years | $1,458 |
| 13 years | $4,938 |
| 15 years | $8,419 |
| 17 years | $11,900 |
| 19 years | $15,381 |
| 21 years | $18,862 |
| 23 years | $22,342 |
| 25 years | $25,823 |
Top Solar Installers in Port Royal
Many homeowners opt for a solar installation company since figuring out how to install solar panels on your own can be a lot of work. The expertise that solar installers provide can be useful as well, especially if you aren’t sure what kind of solar equipment you need.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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 Port Royal
Factors that Affect Solar Panel Costs in Port Royal
The cost of installing a solar system in Port Royal can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,450. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Port Royal to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time due to interest.However, the interest on solar loans also increases your total costs, so it’s important to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Port Royal is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services at different price points.Additionally, some companies in Port Royal are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $22,318 | 10.1 years |
| 8 kW | $3.52 | $19,706 | $30,144 | 9.9 years |
| 10 kW | $3.45 | $24,150 | $38,163 | 9.7 years |
| 12 kW | $3.38 | $28,400 | $46,375 | 9.5 years |
| 14 kW | $3.31 | $32,458 | $54,780 | 9.3 years |
| 16 kW | $3.24 | $36,322 | $63,379 | 9.1 years |
| 18 kW | $3.17 | $39,992 | $72,171 | 8.9 years |
| 20 kW | $3.11 | $43,470 | $81,156 | 8.7 years |
How to Save on Solar Panels
There are numerous companies available in Port Royal, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: When making the switch to solar energy, it’s necessary to keep an open line of communication with your solar installer. See to it that you understand how the installation process works and the project completion timeline.
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 Port Royal, SC Solar Cost FAQs
What is the average cost of installing solar panels in Port Royal?
The average cost of solar panels in Port Royal 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.
Is cost the most important consideration 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.
Does Port Royal have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses 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.