Solar Panel Cost Guide in Welcome, SC (2024 Update)
- Welcome Solar Installation Cost: $19,500
- 25-Year Savings: $30,238
- 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 Welcome
Find out how much it might cost to go solar in Welcome.
The national average cost of solar panels is $2.66 per watt, but in Welcome it’s 3 per watt.Using this figure, a typical 8.1-kW system would cost about $19,500 before the 0 federal solar tax credit is applied.
How much you pay can go above or below the average in Welcome based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Welcome see about $21,000 in savings on electricity bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Welcome
| 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 Welcome
Many homeowners choose to use a solar panel installer since figuring out how to install solar panels on your own can be a lot of work. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're on the hunt for a solar company in Welcome, we've compiled a list of our top suggestions here:
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 Welcome
Factors that Affect Solar Panel Costs in Welcome
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Welcome: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,450.There are several different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Welcome have solar loans, which reduce your upfront costs of installing solar.While solar loans make adopting solar energy more accessible for Welcome homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can play a part in determining the cost. Welcome’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $18,823 | 11.1 years |
| 8 kW | $3.52 | $19,706 | $25,484 | 10.9 years |
| 10 kW | $3.45 | $24,150 | $32,338 | 10.7 years |
| 12 kW | $3.38 | $28,400 | $39,385 | 10.5 years |
| 14 kW | $3.31 | $32,458 | $46,626 | 10.3 years |
| 16 kW | $3.24 | $36,322 | $54,059 | 10.0 years |
| 18 kW | $3.17 | $39,992 | $61,686 | 9.8 years |
| 20 kW | $3.11 | $43,470 | $69,506 | 9.6 years |
How to Save on Solar Panels
There are a large number of companies available in Welcome, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Your solar installer should have a solid 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
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 Welcome, SC Solar Cost FAQs
What is the average cost of installing solar panels in Welcome?
This is a hard question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Welcome?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.