Solar Panel Cost Guide in Belvedere, SC (2024 Update)
- Belvedere Solar Installation Cost: $19,042
- 25-Year Savings: $32,066
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Belvedere
Let’s take a look at the average cost of solar panels in Belvedere.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Belvedere, the average cost of a solar system is 3 per watt.The average solar panel system size in Belvedere is around 7.9 kilowatts, meaning a cost of about $19,042 for a solar installation, or $27,230 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Belvedere homeowner. 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.With typical savings of about $24,000 on utility bills over 20 years, many homeowners in Belvedere find installing solar panels can be quite rewarding.
Click the button below to get connected to a highly rated solar panel company in your area for a personalized quote.
Solar savings over time in Belvedere
| Year | Return on Investment |
|---|---|
| 1 years | $-17,301 |
| 3 years | $-13,820 |
| 5 years | $-10,340 |
| 7 years | $-6,859 |
| 9 years | $-3,378 |
| 11 years | $103 |
| 13 years | $3,584 |
| 15 years | $7,064 |
| 17 years | $10,545 |
| 19 years | $14,026 |
| 21 years | $17,507 |
| 23 years | $20,988 |
| 25 years | $24,468 |
Top Solar Installers in Belvedere
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make switching to solar power much easier. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to make the switch to solar but still aren’t certain which solar panel company to go with, here are our recommendations for providers nearby:
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 Belvedere
Factors that Affect Solar Panel Costs in Belvedere
While the average cost of a solar system in Belvedere is $19,042, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,450 per kilowatt in Belvedere.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Belvedere homeowners opt to finance their solar panel systems to offset upfront costs.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Belvedere is the company you hire to install your PV system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services at different price points.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $3.59 | $15,070 | $20,755 | 10.5 years |
| 8 kW | $3.52 | $19,706 | $28,060 | 10.3 years |
| 10 kW | $3.45 | $24,150 | $35,558 | 10.1 years |
| 12 kW | $3.38 | $28,400 | $43,250 | 9.9 years |
| 14 kW | $3.31 | $32,458 | $51,134 | 9.7 years |
| 16 kW | $3.24 | $36,322 | $59,212 | 9.5 years |
| 18 kW | $3.17 | $39,992 | $67,483 | 9.3 years |
| 20 kW | $3.11 | $43,470 | $75,947 | 9.1 years |
How to Save on Solar Panels
There are a large number of companies available in Belvedere, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies have various brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
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 Belvedere, SC Solar Cost FAQs
How much does it cost to install solar panels in Belvedere?
This is a difficult question to answer precisely, 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. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 get between 20 and 35 panels to cover 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.