Solar Panel Cost Guide in Anderson, SC (2024 Update)
- Anderson Solar Installation Cost: $19,401
- 25-Year Savings: $30,011
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Anderson
Here’s how much it might cost to switch to solar power in Anderson.
In Anderson, solar panels cost about 3 per watt on average.The average Anderson homeowner needs a 8.0-kilowatt system, which would cost about $19,401 with the federal tax credit, or $27,743 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what company you go with.With typical savings of about $21,000 on electricity bills over 20 years, many homeowners in Anderson find investing in solar can be quite rewarding.
You can click the button below to get connected with a top solar installer in Anderson that can help you get a more accurate cost estimate for your home.
Solar savings over time in Anderson
| Year | Return on Investment |
|---|---|
| 1 years | $-17,916 |
| 3 years | $-14,945 |
| 5 years | $-11,975 |
| 7 years | $-9,004 |
| 9 years | $-6,034 |
| 11 years | $-3,063 |
| 13 years | $-93 |
| 15 years | $2,878 |
| 17 years | $5,848 |
| 19 years | $8,819 |
| 21 years | $11,790 |
| 23 years | $14,760 |
| 25 years | $17,731 |
Top Solar Installers in Anderson
Many homeowners opt for a solar installer since trying to put up solar panels by yourself can be a labor-intensive endeavor. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives and by offering warranties and repairs.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Anderson
Factors that Affect Solar Panel Costs in Anderson
While the average cost of a solar system in Anderson is $19,401, your final cost may differ. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,450. There are many different solar panel brands and the one you choose also changes the cost. Typically, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Anderson have solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also adds to your total costs, so it’s important to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of green energy solutions in Anderson, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.The company’s size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger 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 | $18,769 | 11.1 years |
| 8 kW | $3.52 | $19,706 | $25,411 | 10.9 years |
| 10 kW | $3.45 | $24,150 | $32,247 | 10.7 years |
| 12 kW | $3.38 | $28,400 | $39,276 | 10.5 years |
| 14 kW | $3.31 | $32,458 | $46,498 | 10.3 years |
| 16 kW | $3.24 | $36,322 | $53,914 | 10.1 years |
| 18 kW | $3.17 | $39,992 | $61,522 | 9.8 years |
| 20 kW | $3.11 | $43,470 | $69,324 | 9.6 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Warranty: If you’re concerned about the durability of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Anderson, SC Solar Cost FAQs
What is the average cost of installing solar panels in Anderson?
The average cost of solar panels in Anderson 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 certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider 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.
Can you sell solar power back to the grid in Anderson?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can 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 buy 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.