Solar Panel Cost Guide in Powdersville, SC (Mar 2023)
- Powdersville Solar Installation Cost: $15,289
- 25-Year Savings: $30,130
- Payback Period: 8.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Powdersville
See how much it might cost to install solar panels in Powdersville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Powdersville, the typical cost of a solar system is 2.72 per watt. Since a 8.0-kW system is needed to cover the energy usage of a typical home in Powdersville, the average price of going solar will be about $15,289 after claiming the federal solar tax credit of 30%.
The true cost of your system can go higher or lower than the average in Powdersville based on several factors, such as the type of solar panels you choose and the solar company you hire. With average savings of about $21,000 on power bills over 20 years, many homeowners in Powdersville find investing in solar can be quite rewarding.
To receive a free quote from a vetted solar installation company in Powdersville, you can click the button below.
Solar savings over time in Powdersville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,472 |
| 3 years | $-9,839 |
| 5 years | $-6,205 |
| 7 years | $-2,572 |
| 9 years | $1,062 |
| 11 years | $4,695 |
| 13 years | $8,329 |
| 15 years | $11,962 |
| 17 years | $15,596 |
| 19 years | $19,229 |
| 21 years | $22,863 |
| 23 years | $26,496 |
| 25 years | $30,130 |
Top Solar Installers in Powdersville
Although it's possible to install solar panels yourself, it takes extra effort and know-how. For that reason, most homeowners choose a solar panel installer. Companies can also offer access to quality options of the best solar panels and help you decide which one will be right for your home.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
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 Powdersville
Factors that Affect Solar Panel Costs in Powdersville
For many Powdersville homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Powdersville, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Powdersville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $2,720 for each additional kilowatt you need. The brand of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to think 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 for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Powdersville homeowners decide to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Powdersville, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Companies that 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 go with the company that provides the products, warranties and services you want and also is within 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 | $22,041 | 8.8 years |
| 8 kW | $2.77 | $15,537 | $29,692 | 8.6 years |
| 10 kW | $2.72 | $19,040 | $37,496 | 8.4 years |
| 12 kW | $2.67 | $22,391 | $45,452 | 8.3 years |
| 14 kW | $2.61 | $25,590 | $53,560 | 8.1 years |
| 16 kW | $2.56 | $28,636 | $61,821 | 7.9 years |
| 18 kW | $2.50 | $31,530 | $70,234 | 7.7 years |
| 20 kW | $2.45 | $34,272 | $78,800 | 7.6 years |
How to Save on Solar Panels
The solar company you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
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 Powdersville, SC Solar Cost FAQs
What is the average cost of installing solar panels in Powdersville?
The average cost of solar panels in Powdersville 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Powdersville?
You can't get solar panels for free in Powdersville. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't opt for 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 a solar system."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.