Solar Panel Cost Guide in Gantt, SC (Mar 2023)
- Gantt Solar Installation Cost: $15,365
- 25-Year Savings: $27,266
- Payback Period: 9.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Gantt
Find out what the average cost of solar panels are in Gantt.
The average cost of a solar panel system in Gantt is 2.72 per watt. Since a 8.1-kW system is needed to cover the energy costs of a typical home in Gantt, the average price of going solar will be about $15,365 after claiming the federal solar tax credit of 30%.
How much you pay can be above or below the average in Gantt depending on a few factors, such as the brand of solar panels you choose and the solar contractor you hire. Even with the large initial cost, the average Gantt homeowner can save about $20,000 on their electricity bills over 20 years, which is one of the positives of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Gantt
| Year | Return on Investment |
|---|---|
| 1 years | $-13,660 |
| 3 years | $-10,250 |
| 5 years | $-6,839 |
| 7 years | $-3,429 |
| 9 years | $-18 |
| 11 years | $3,392 |
| 13 years | $6,803 |
| 15 years | $10,213 |
| 17 years | $13,624 |
| 19 years | $17,034 |
| 21 years | $20,445 |
| 23 years | $23,855 |
| 25 years | $27,266 |
Top Solar Installers in Gantt
When switching to solar energy, many homeowners opt to use a solar installer since handling can be a time-consuming project. Local solar installers 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.
If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers in Gantt:
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 Gantt
Factors that Affect Solar Panel Costs in Gantt
The cost of installing a solar system in Gantt 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
When it comes to estimating the price of a solar panel system in Gantt, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,720 for each additional kilowatt you need. There are several different solar panel brands and the one you choose also changes the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Gantt provide solar loans, which reduce the initial cost of installing a solar system. Though solar loans make switching to solar energy more accessible for Gantt homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Gantt is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $2.83 | $11,881 | $19,797 | 9.4 years |
| 8 kW | $2.77 | $15,537 | $26,701 | 9.2 years |
| 10 kW | $2.72 | $19,040 | $33,756 | 9.0 years |
| 12 kW | $2.67 | $22,391 | $40,965 | 8.8 years |
| 14 kW | $2.61 | $25,590 | $48,325 | 8.7 years |
| 16 kW | $2.56 | $28,636 | $55,838 | 8.5 years |
| 18 kW | $2.50 | $31,530 | $63,503 | 8.3 years |
| 20 kW | $2.45 | $34,272 | $71,321 | 8.1 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose significantly influences 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, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Gantt, SC Solar Cost FAQs
What is the average cost of installing solar panels in Gantt?
The average cost of solar panels in Gantt 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Gantt?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
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 level 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.