Solar Panel Cost Guide in Boiling Springs, SC (2024 Update)
- Boiling Springs Solar Installation Cost: $19,511
- 25-Year Savings: $28,443
- Payback Period: 11.1 Years
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Average Cost of Solar Panels in Boiling Springs
Find out what the average cost of solar panels are in Boiling Springs.
In Boiling Springs, solar panels cost about 3 per watt on average.The average Boiling Springs homeowner needs a 8.1-kilowatt system, which would cost about $19,511 with the federal tax credit, or $27,901 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy usage and what company you go with.But, after you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $21,000 over 20 years on electricity bills.
You can click the button below to get connected with a top solar company in Boiling Springs for a quote for your home.
Solar savings over time in Boiling Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-18,026 |
| 3 years | $-15,055 |
| 5 years | $-12,084 |
| 7 years | $-9,114 |
| 9 years | $-6,143 |
| 11 years | $-3,173 |
| 13 years | $-202 |
| 15 years | $2,768 |
| 17 years | $5,739 |
| 19 years | $8,709 |
| 21 years | $11,680 |
| 23 years | $14,650 |
| 25 years | $17,621 |
Top Solar Installers in Boiling Springs
Many homeowners decide to use a solar installer since installing solar panels by yourself can be a lot of work. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be best for your home.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Boiling Springs:
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 Boiling Springs
Factors that Affect Solar Panel Costs in Boiling Springs
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Boiling Springs: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $3,450 per kilowatt in Boiling Springs.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bring your total well above the Boiling Springs average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Boiling Springs, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Boiling Springs is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that provide a range of services at different price points.Additionally, some companies in Boiling Springs are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $17,478 | 11.6 years |
| 8 kW | $3.52 | $19,706 | $23,690 | 11.4 years |
| 10 kW | $3.45 | $24,150 | $30,095 | 11.1 years |
| 12 kW | $3.38 | $28,400 | $36,694 | 10.9 years |
| 14 kW | $3.31 | $32,458 | $43,486 | 10.7 years |
| 16 kW | $3.24 | $36,322 | $50,471 | 10.5 years |
| 18 kW | $3.17 | $39,992 | $57,649 | 10.2 years |
| 20 kW | $3.11 | $43,470 | $65,021 | 10.0 years |
How to Save on Solar Panels
There are numerous companies available in Boiling Springs, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
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 Boiling Springs, SC Solar Cost FAQs
How much does it cost to install solar panels in Boiling Springs?
The average cost of solar panels in Boiling Springs 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Boiling Springs?
Solar panels aren’t free in Boiling Springs, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Boiling Springs, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.