Solar Panel Cost Guide in Mauldin, SC (2023 Update)
- Mauldin Solar Installation Cost: $15,365
- 25-Year Savings: $29,298
- Payback Period: 8.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mauldin
We go over average solar pricing in Mauldin.
Although the national average of solar panels is $2.66 per watt, solar panels in Mauldin typically cost around 2.72. Since a 8.1-kW system is needed to cover the energy usage of a typical home in Mauldin, the average price of going solar will be about $15,365 after claiming the federal solar tax credit of 30%.
The true cost of your system can go higher or lower than the average in Mauldin based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire. Despite the large initial cost, the average Mauldin homeowner can save about $21,000 on their power bills over 20 years, which is one of the positives of solar.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Mauldin
| Year | Return on Investment |
|---|---|
| 1 years | $-13,579 |
| 3 years | $-10,006 |
| 5 years | $-6,433 |
| 7 years | $-2,860 |
| 9 years | $713 |
| 11 years | $4,287 |
| 13 years | $7,860 |
| 15 years | $11,433 |
| 17 years | $15,006 |
| 19 years | $18,579 |
| 21 years | $22,152 |
| 23 years | $25,725 |
| 25 years | $29,298 |
Top Solar Installers in Mauldin
Many homeowners decide to hire a solar installer since trying to install solar panels by yourself can be challenging. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Mauldin
Factors that Affect Solar Panel Costs in Mauldin
For many Mauldin homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Mauldin, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $2,720 per kilowatt in Mauldin. The model of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Moreover, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Mauldin to be too steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time due to interest. 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 how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $21,307 | 8.9 years |
| 8 kW | $2.77 | $15,537 | $28,714 | 8.8 years |
| 10 kW | $2.72 | $19,040 | $36,273 | 8.6 years |
| 12 kW | $2.67 | $22,391 | $43,985 | 8.4 years |
| 14 kW | $2.61 | $25,590 | $51,848 | 8.3 years |
| 16 kW | $2.56 | $28,636 | $59,865 | 8.1 years |
| 18 kW | $2.50 | $31,530 | $68,033 | 7.9 years |
| 20 kW | $2.45 | $34,272 | $76,354 | 7.7 years |
How to Save on Solar Panels
There are numerous companies available in Mauldin, 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:
- Installation Process: When going solar, it's essential to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the completion timeline.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies have various brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: Before signing a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 Mauldin, SC Solar Cost FAQs
How much does it cost to install solar panels in Mauldin?
The average cost of solar panels in Mauldin 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 cost the most important thing to keep in mind when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.