Solar Panel Cost Guide in Simpsonville, SC (2024 Update)

  • Simpsonville Solar Installation Cost: $19,500
  • 25-Year Savings: $30,129
  • Payback Period: 10.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Simpsonville

We break down average solar pricing in Simpsonville.

In Simpsonville, solar panels cost about 3 per watt on average.The average solar panel system size in Simpsonville is around 8.1 kilowatts, meaning a cost of about $19,500 for a solar installation, or $27,885 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 Simpsonville homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Simpsonville see about $21,000 in savings on utility bills over 20 years.

To get a free quote from a pre-vetted solar installation company in Simpsonville, you can click the button below.

Solar savings over time in Simpsonville

Year Return on Investment
1 years $-18,015
3 years $-15,044
5 years $-12,074
7 years $-9,103
9 years $-6,133
11 years $-3,162
13 years $-192
15 years $2,779
17 years $5,749
19 years $8,720
21 years $11,691
23 years $14,661
25 years $17,632

Top Solar Installers in Simpsonville

When making the switch to solar, many homeowners prefer to use a solar installer since handling can be a difficult project. A solar installer can also help save you money in the long run by offering warranties, repairs and part replacements.

You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

See all of the solar companies in Simpsonville

Factors that Affect Solar Panel Costs in Simpsonville

Even though the average cost of a solar system in Simpsonville is $19,500, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.

Solar Equipment

The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,450. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 over time on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Simpsonville average.

Solar Financing Terms

Most solar installers in Simpsonville offer solar loans, which reduce the initial cost of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.

Solar Panel Installation Company

A final factor to consider when trying to figure out the cost of solar for your home or business in Simpsonville is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that provide a range of services at different price points.Additionally, some companies in Simpsonville are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. 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 $18,742 11.1 years
8 kW $3.52 $19,706 $25,376 10.9 years
10 kW $3.45 $24,150 $32,203 10.7 years
12 kW $3.38 $28,400 $39,223 10.5 years
14 kW $3.31 $32,458 $46,437 10.3 years
16 kW $3.24 $36,322 $53,843 10.1 years
18 kW $3.17 $39,992 $61,443 9.9 years
20 kW $3.11 $43,470 $69,236 9.6 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:

  • Warranty: If you’re concerned about the durability of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. While 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 take a look at their list of offerings before deciding.
  • Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

EcoWatch's Simpsonville, SC Solar Cost FAQs

What is the average cost of installing solar panels in Simpsonville?

The average cost of solar panels in Simpsonville is about $17,250 for a 5-kW system and $34,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Simpsonville?

Leasing solar panels can be an option if you can’t afford 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 home 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 bang for your buck from going solar.

How much can I save on energy bills after switching to solar?

Solar panels can potentially eliminate your electricity bills depending on your location 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 $1,127.06 per year.

How often do you have to replace solar panels?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.

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.

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