Solar Panel Cost Guide in Saxon, SC (2025 Update)
- Saxon Solar Installation Cost: $19,511
- 25-Year Savings: $21,287
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Saxon
Find out what the average cost of solar panels are in Saxon.
The national average cost of solar panels is $2.66 per watt, but in Saxon it’s 3 per watt.The average Saxon homeowner needs a 8.1-kilowatt system, which would cost about $19,511 with the federal tax credit, or $27,901 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of making the switch to solar can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Saxon can save around $17,000 on their power bills over 20 years.
Click the button below to get connected to a top solar installer in Saxon for a customized estimate.
Solar savings over time in Saxon
Year | Return on Investment |
---|---|
1 years | $-18,026 |
3 years | $-15,055 |
5 years | $-12,084 |
7 years | $-9,114 |
9 years | $-6,143 |
11 years | $-3,173 |
13 years | $-202 |
15 years | $2,768 |
17 years | $5,739 |
19 years | $8,709 |
21 years | $11,680 |
23 years | $14,650 |
25 years | $17,621 |
Top Solar Installers in Saxon
Although it's possible to install solar panels by yourself, it involves extra time and knowledge. That's one of the reasons most homeowners choose to hire a solar panel installer. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be right for your family.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Saxon
Factors that Affect Solar Panel Costs in Saxon
Although the average cost of a solar system in Saxon is $19,511, your final cost may be above or below the average. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,450.There are several different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Saxon to be too steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time because of interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can affect your pricing. Saxon’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes 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 | $3.59 | $15,070 | $12,163 | 13.8 years |
8 kW | $3.52 | $19,706 | $16,604 | 13.6 years |
10 kW | $3.45 | $24,150 | $21,238 | 13.3 years |
12 kW | $3.38 | $28,400 | $26,066 | 13.0 years |
14 kW | $3.31 | $32,458 | $31,086 | 12.8 years |
16 kW | $3.24 | $36,322 | $36,300 | 12.5 years |
18 kW | $3.17 | $39,992 | $41,707 | 12.2 years |
20 kW | $3.11 | $43,470 | $47,307 | 12.0 years |
How to Save on Solar Panels
The solar company you go with will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Saxon, SC Solar Cost FAQs
How much does it cost to install solar panels in Saxon?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $17,250 for a 5-kW system and $34,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Saxon?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Can solar panels completely eradicate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Saxon, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had 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.