Solar Panel Cost Guide in Georgetown, SC (Sep 2022)

  • Georgetown Solar Installation Cost: $14,470
  • 25-Year Savings: $29,082
  • Payback Period: 8.3 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Georgetown

Here's how much it might cost to make the switch to solar in Georgetown.

Although the national average of solar panels is $2.66 per watt, solar panels in Georgetown generally cost about $3. The average solar panel system size in Georgetown is around 7.6 kilowatts, meaning a cost of about $14,470 for a solar installation, or $10,708 after the 30% federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average Georgetown homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Even with the large initial cost, the average Georgetown homeowner can save around $22,000 on their power bills over 20 years, which is one of the benefits of solar.

To get a free quote from a highly rated solar installation company in Georgetown, you can click the button below.

Solar savings over time in Georgetown

Year Return on Investment
1 years $-12,728
3 years $-9,244
5 years $-5,760
7 years $-2,276
9 years $1,208
11 years $4,693
13 years $8,177
15 years $11,661
17 years $15,145
19 years $18,629
21 years $22,113
23 years $25,598
25 years $29,082

Top Solar Installers in Georgetown

Although you can install solar panels on your own, it takes extra effort and know-how. For that reason, almost all homeowners choose a solar panel installer. Companies can also have access to quality options of the best solar panels and help you choose which one will be best for your family.

If you're looking for a solar company in Georgetown, the EcoWatch team has compiled a list of our top suggestions here:

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 Georgetown

Factors that Affect Solar Panel Costs in Georgetown

There are a number of factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.

Solar Equipment Size

One of the most significant 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 electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $2,720 per kilowatt in Georgetown. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Georgetown, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Georgetown, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. 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 off the loan.

Solar Panel Installation Company

Lastly, the company you opt for to install your solar panels can affect how much it costs. Georgetown's solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.

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 $22,516 8.6 years
8 kW $2.77 $15,537 $30,327 8.5 years
10 kW $2.72 $19,040 $38,289 8.3 years
12 kW $2.67 $22,391 $46,404 8.1 years
14 kW $2.61 $25,590 $54,671 8.0 years
16 kW $2.56 $28,636 $63,090 7.8 years
18 kW $2.50 $31,530 $71,662 7.6 years
20 kW $2.45 $34,272 $80,386 7.5 years

Solar Incentives in Georgetown

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Renewable Energy and Energy Storage Property Tax Exemption
Incentive Amount 100% exemption
Website Visit here
More Info Click here

Name Santee Cooper - Renewable Energy Resource Loans
Website Visit here
More Info Click here

Name Solar Energy, Small Hydropower, and Geothermal Tax Credit (Corporate)
Incentive Amount 25% of eligible costs
Incentive Max In any given tax year, $3,500, or 50% of taxpayer's tax liability for that taxable year, whichever is less. If the amount of the credit exceeds $3,500 for each facility, the taxpayer may carry forward the excess for up to ten years.
Website Visit here
More Info Click here

Name Santee Cooper - Rooftop Solar Rebate Program
Incentive Amount Residential and Commercial: $1.05/W
Non-Profit: $1.30/W
Incentive Max Residential and Commercial: $6,300
Non-Profit: $7,800
Website Visit here
More Info Click here

Name Solar Energy, Small Hydropower, and Geothermal Tax Credit (Personal)
Incentive Amount 25% of eligible costs
Incentive Max In any given tax year a maximum of $3,500, or 50% of taxpayer's tax liability for that taxable year, whichever is less. If the amount of the credit exceeds $3,500 for each facility, the taxpayer may carry forward the excess for up to ten years.
Website Visit here
More Info Click here

How to Save on Solar Panels

There are a large number of companies available in Georgetown, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:

  • Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
  • 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.
  • Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.

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 Georgetown, SC Solar Cost FAQs

What is the average cost of installing solar panels in Georgetown?

The average cost of solar panels in Georgetown 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 kind of solar panels you want, what size system you need and how much energy you use.

Can you get solar panels for free in Georgetown?

A solar panel system isn't free in Georgetown, 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 can help lower the cost.

Does Georgetown have a net metering program?

Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

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 goes down 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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