Solar Panel Cost Guide in Anderson, SC (Dec 2022)

  • Anderson Solar Installation Cost: $15,289
  • 25-Year Savings: $30,018
  • Payback Period: 8.4 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Anderson

Let's take a look at the average cost of solar panels in Anderson.

In Anderson, solar panels cost about $3 per watt on average. To cover the typical energy usage of the average home in Anderson, most homeowners require a 8.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $15,289, or $11,314 after the federal solar tax credit of 30% is applied.

Bear in mind that the figures above are only estimates based on the average Anderson homeowner. 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. Even with the large initial cost, the average Anderson homeowner can save around $21,000 on their electricity bills over 20 years, which is one of the advantages of solar.

Click the button below to get connected to a vetted solar company in Anderson for a customized quote.

Solar savings over time in Anderson

Year Return on Investment
1 years $-13,477
3 years $-9,852
5 years $-6,228
7 years $-2,603
9 years $1,021
11 years $4,646
13 years $8,271
15 years $11,895
17 years $15,520
19 years $19,144
21 years $22,769
23 years $26,394
25 years $30,018

Top Solar Installers in Anderson

Many homeowners decide to use a solar panel company since trying to put up solar panels by yourself can be a lot of work. Another advantage of utilizing a solar installer is that they can help you maximize your investment by lowering your future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.

You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:

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 (coming 2022)

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 Anderson

Factors that Affect Solar Panel Costs in Anderson

Even though the average cost of a solar system in Anderson is $15,289, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to consider.

Solar Equipment

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 a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type of equipment you get for your solar system can raise or lower 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 additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Anderson, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's vital to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

The solar company you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Anderson, and each can charge varying amounts for labor and equipment. Larger national companies usually 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 vehicle 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 $2.83 $11,881 $21,957 8.8 years
8 kW $2.77 $15,537 $29,581 8.6 years
10 kW $2.72 $19,040 $37,357 8.4 years
12 kW $2.67 $22,391 $45,285 8.3 years
14 kW $2.61 $25,590 $53,366 8.1 years
16 kW $2.56 $28,636 $61,599 7.9 years
18 kW $2.50 $31,530 $69,984 7.8 years
20 kW $2.45 $34,272 $78,522 7.6 years

How to Save on Solar Panels

Since the brand of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
  • Contract: When looking 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 like a system component breaking or the company going out of business.
  • Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
  • Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.

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 (coming 2022)

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 Anderson, SC Solar Cost FAQs

How much does it cost to install solar panels in Anderson?

This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $13,600 for a 5-kW system and $27,200 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.

Should I lease or buy solar panels in Anderson?

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

Does Anderson have a net metering program?

Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.

How often do you have to replace solar panels?

On average, the lifespan of solar panels is 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 higher amount 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.

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