Solar Panel Cost Guide in Honea Path, SC (Jan 2023)
- Honea Path Solar Installation Cost: $15,251
- 25-Year Savings: $28,881
- Payback Period: 8.6 Years
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Top Solar Installers in Honea Path
Although you can install solar panels by yourself, it takes extra labor and handiness. That's one of the reasons the majority of homeowners choose a solar panel installer. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be right for you.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Honea Path
Factors that Affect Solar Panel Costs in Honea Path
Even though the average cost of a solar system in Honea Path is $15,251, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
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 power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,720 per kilowatt in Honea Path. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over five to seven years on average. Even though solar loans make adopting solar energy more accessible for Honea Path homeowners, they can also raise the total you pay for your system due to interest. 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
The solar installer you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Honea Path, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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||$21,182||9.0 years|
|8 kW||$2.77||$15,537||$28,547||8.8 years|
|10 kW||$2.72||$19,040||$36,064||8.6 years|
|12 kW||$2.67||$22,391||$43,734||8.5 years|
|14 kW||$2.61||$25,590||$51,556||8.3 years|
|16 kW||$2.56||$28,636||$59,531||8.1 years|
|18 kW||$2.50||$31,530||$67,657||7.9 years|
|20 kW||$2.45||$34,272||$75,936||7.8 years|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
EcoWatch's Honea Path, SC Solar Cost FAQs
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.