Solar Panel Cost Guide in Easley, SC (Mar 2023)
- Easley Solar Installation Cost: $15,365
- 25-Year Savings: $29,796
- Payback Period: 8.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Easley
Find out how much it might cost to make the switch to solar in Easley.
In Easley, solar panels cost about 2.72 per watt on average. To account for the typical energy needs of the average home in Easley, most homeowners require a 8.1-kilowatt system. Using the figure above, a solar installation costs around $15,365, or $21,972 before the federal solar tax credit of 30% is applied.
These figures are only averages, and the cost of going solar for you will most likely differ based on your specific situation and what company you want to go with. With typical savings of about $21,000 on power bills over 20 years, many homeowners in Easley find investing in solar can pay off big.
Click the button below to get connected to a highly rated solar installer in your area for a personalized quote.
Solar savings over time in Easley
| Year | Return on Investment |
|---|---|
| 1 years | $-13,559 |
| 3 years | $-9,946 |
| 5 years | $-6,333 |
| 7 years | $-2,720 |
| 9 years | $893 |
| 11 years | $4,506 |
| 13 years | $8,118 |
| 15 years | $11,731 |
| 17 years | $15,344 |
| 19 years | $18,957 |
| 21 years | $22,570 |
| 23 years | $26,183 |
| 25 years | $29,796 |
Top Solar Installers in Easley
Although you can install solar panels on your own, it takes extra energy and know-how. For that reason, most homeowners choose a solar panel installer. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
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 nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Easley
Factors that Affect Solar Panel Costs in Easley
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Easley: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,720. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels 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 Easley average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Easley, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. 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 keep in mind when trying to estimate the cost of solar for your home or business in Easley is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services for different budgets. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to 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 | $21,715 | 8.8 years |
| 8 kW | $2.77 | $15,537 | $29,258 | 8.7 years |
| 10 kW | $2.72 | $19,040 | $36,953 | 8.5 years |
| 12 kW | $2.67 | $22,391 | $44,800 | 8.3 years |
| 14 kW | $2.61 | $25,590 | $52,800 | 8.2 years |
| 16 kW | $2.56 | $28,636 | $60,952 | 8.0 years |
| 18 kW | $2.50 | $31,530 | $69,257 | 7.8 years |
| 20 kW | $2.45 | $34,272 | $77,713 | 7.7 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose significantly affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: The model of solar panel you need to install plays a role in which installer you should choose, since different companies offer different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Easley, SC Solar Cost FAQs
What is the average cost of installing solar panels in Easley?
The average cost of solar panels in Easley is about $13,600 for a 5-kW system and $27,200 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Easley?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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 savings from going solar.
Is it worth going solar in Easley?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Easley?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use 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.