Solar Panel Cost Guide in Sangaree, SC (2024 Update)
- Sangaree Solar Installation Cost: $18,511
- 25-Year Savings: $31,901
- Payback Period: 10.0 Years
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Average Cost of Solar Panels in Sangaree
Find out what the average cost of installing solar panels is in Sangaree.
The average cost of solar panels in Sangaree is 3 per watt.The average solar panel system size in Sangaree is around 7.7 kilowatts, meaning a cost of about $18,511 for a solar installation, or $26,471 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Sangaree homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $24,000 over 20 years on power bills.
To receive a free estimate from a highly rated solar installation company in Sangaree, you can click the button below.
Solar savings over time in Sangaree
| Year | Return on Investment |
|---|---|
| 1 years | $-16,771 |
| 3 years | $-13,290 |
| 5 years | $-9,809 |
| 7 years | $-6,328 |
| 9 years | $-2,848 |
| 11 years | $633 |
| 13 years | $4,114 |
| 15 years | $7,595 |
| 17 years | $11,076 |
| 19 years | $14,556 |
| 21 years | $18,037 |
| 23 years | $21,518 |
| 25 years | $24,999 |
Top Solar Installers in Sangaree
When making the switch to solar, many homeowners prefer to hire a solar installer since putting up a solar system yourself can be a challenging project. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be best for you.
Working with a licensed solar installer 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
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 Sangaree
Factors that Affect Solar Panel Costs in Sangaree
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Sangaree: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The model of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Sangaree homeowners opt to finance their solar panel systems to make going solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can affect how much you pay. Sangaree’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Sangaree know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $21,325 | 10.4 years |
| 8 kW | $3.52 | $19,706 | $28,820 | 10.2 years |
| 10 kW | $3.45 | $24,150 | $36,508 | 10.0 years |
| 12 kW | $3.38 | $28,400 | $44,389 | 9.8 years |
| 14 kW | $3.31 | $32,458 | $52,464 | 9.6 years |
| 16 kW | $3.24 | $36,322 | $60,731 | 9.4 years |
| 18 kW | $3.17 | $39,992 | $69,192 | 9.2 years |
| 20 kW | $3.11 | $43,470 | $77,846 | 9.0 years |
How to Save on Solar Panels
The solar company you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: If you’re concerned about the endurance of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Sangaree, SC Solar Cost FAQs
What is the average cost of installing solar panels in Sangaree?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly 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 cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Sangaree?
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 it worth going solar in Sangaree?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
What solar power system size is right for 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.