Solar Panel Cost Guide in Edgefield, SC (2023 Update)
- Edgefield Solar Installation Cost: $15,123
- 25-Year Savings: $31,996
- Payback Period: 8.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Edgefield
See how much it might cost to go solar in Edgefield.
The national average cost of solar panels is $2.66 per watt, but in Edgefield it's 2.72 per watt. To account for the typical energy usage of the average home in Edgefield, most homeowners require a 7.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $15,118, or $21,619 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average Edgefield homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Edgefield can save around $23,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Edgefield for a quote for your home.
Solar savings over time in Edgefield
| Year | Return on Investment |
|---|---|
| 1 years | $-14,966 |
| 3 years | $-14,652 |
| 5 years | $-14,338 |
| 7 years | $-14,024 |
| 9 years | $-13,710 |
| 11 years | $-13,396 |
| 13 years | $-13,081 |
| 15 years | $-12,767 |
| 17 years | $-12,453 |
| 19 years | $-12,139 |
| 21 years | $-11,825 |
| 23 years | $-11,511 |
| 25 years | $-11,197 |
Top Solar Installers in Edgefield
Putting up solar panels by yourself can be a difficult undertaking, which is why using a solar installation company is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Edgefield
Factors that Affect Solar Panel Costs in Edgefield
The cost of installing a solar system in Edgefield can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,720. The 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, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Edgefield average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are available from most installers in Edgefield, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Edgefield, and each can charge varying amounts for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for and also fit into your budget.
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 | $23,713 | 8.3 years |
| 8 kW | $2.77 | $15,537 | $31,921 | 8.2 years |
| 10 kW | $2.72 | $19,040 | $40,282 | 8.0 years |
| 12 kW | $2.67 | $22,391 | $48,796 | 7.9 years |
| 14 kW | $2.61 | $25,590 | $57,462 | 7.7 years |
| 16 kW | $2.56 | $28,636 | $66,280 | 7.5 years |
| 18 kW | $2.50 | $31,530 | $75,250 | 7.4 years |
| 20 kW | $2.45 | $34,272 | $84,373 | 7.2 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
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 Edgefield, SC Solar Cost FAQs
What is the average cost of installing solar panels in Edgefield?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $13,600 for a 5-kW system and $27,200 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Edgefield?
Solar panels aren't free in Edgefield, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,186.45 per year.
How often do you have to replace solar panels?
On average, solar panels can last 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 larger 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.