Solar Panel Cost Guide in Boiling Springs, SC (Feb 2023)

  • Boiling Springs Solar Installation Cost: $15,384
  • 25-Year Savings: $28,441
  • Payback Period: 8.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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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 Boiling Springs

Let's have a look at the average cost of solar panels in Boiling Springs.

In Boiling Springs, solar panels cost about $3 per watt on average. To cover the typical energy usage of the average home in Boiling Springs, most homeowners require a 8.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,384, or $11,384 after the federal solar tax credit of 30% is applied.

The true cost of your system can be above or below the average in Boiling Springs depending on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront cost of solar power is worth paying. On average Boiling Springs homeowners see about $21,000 in savings on utility bills over 20 years.

To calculate your potential ROI and connect with a local solar company, click the button below.

Solar savings over time in Boiling Springs

Year Return on Investment
1 years $-13,631
3 years $-10,125
5 years $-6,619
7 years $-3,113
9 years $393
11 years $3,899
13 years $7,405
15 years $10,911
17 years $14,417
19 years $17,923
21 years $21,429
23 years $24,935
25 years $28,441

Top Solar Installers in Boiling Springs

Although you can install solar panels yourself, it takes extra time and know-how. Because of that, the majority of homeowners choose a solar panel installer. Local solar companies can also help you maximize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.

Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:

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 Boiling Springs

Factors that Affect Solar Panel Costs in Boiling Springs

Though the average cost of a solar system in Boiling Springs is $15,384, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,720 per kilowatt in Boiling Springs. The brand of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.

Solar Financing Terms

If paying for solar panels in cash is too expensive, solar loans are a popular option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar panel installation company you select will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to 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 promotion can bring their pricing down to compete with bigger names.

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 $20,666 9.1 years
8 kW $2.77 $15,537 $27,860 9.0 years
10 kW $2.72 $19,040 $35,205 8.8 years
12 kW $2.67 $22,391 $42,704 8.6 years
14 kW $2.61 $25,590 $50,354 8.4 years
16 kW $2.56 $28,636 $58,157 8.2 years
18 kW $2.50 $31,530 $66,112 8.1 years
20 kW $2.45 $34,272 $74,219 7.9 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Contract: Read the contract terms carefully to make sure you understand how much it will cost, project completion timeline rebates and warranties.
  • Warranty: If you're worried about the longevity of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Reputation: Long-running companies likely have a high 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 support, such as part repairs and replacements.
  • Solar Panel Brands: Different companies have different brands and types of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.

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 Boiling Springs, SC Solar Cost FAQs

What is the average cost of installing solar panels in Boiling Springs?

The average cost of solar panels in Boiling Springs is about $13,600 for a 5-kW system and $27,200 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider apart from cost when buying solar panels?

Cost is without a doubt 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 Boiling Springs?

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.

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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