Solar Panel Cost Guide in Saxon, SC (2023 Update)
- Saxon Solar Installation Cost: $15,384
- 25-Year Savings: $21,285
- Payback Period: 10.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Saxon
Find out what the average cost of solar panels are in Saxon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Saxon, the typical cost of solar panels is 2.72 per watt. Using this figure, a typical 8.1-kW system would cost about $15,384 before the 30% federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Saxon based on several factors, such as the model of solar panels you choose and the solar company you hire. Even with the significant upfront cost, the average Saxon homeowner can save around $17,000 on their energy bills over 20 years, which is one of the benefits of solar.
To get a free quote from a highly rated solar installer in Saxon, you can click the button below.
Solar savings over time in Saxon
| Year | Return on Investment |
|---|---|
| 1 years | $-13,918 |
| 3 years | $-10,984 |
| 5 years | $-8,050 |
| 7 years | $-5,117 |
| 9 years | $-2,183 |
| 11 years | $750 |
| 13 years | $3,684 |
| 15 years | $6,618 |
| 17 years | $9,551 |
| 19 years | $12,485 |
| 21 years | $15,418 |
| 23 years | $18,352 |
| 25 years | $21,285 |
Top Solar Installers in Saxon
Although it's possible to install solar panels on your own, it requires extra energy and expertise. That's one of the reasons most homeowners choose to go with a solar panel installer. The payback period of solar panels will vary depending on factors like your roof configuration and energy use, but going with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
If you'd like to start using solar energy but still aren't sure which solar panel installer to go with, here are our recommendations for providers in Saxon:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Saxon
Factors that Affect Solar Panel Costs in Saxon
The cost of installing a solar system in Saxon can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in Saxon, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $2,720 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Saxon homeowners choose to finance their solar panel systems to offset upfront costs. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Saxon is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, you'll have no shortage of solar installers that offer a range of services for different budgets. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $15,352 | 10.9 years |
| 8 kW | $2.77 | $15,537 | $20,774 | 10.7 years |
| 10 kW | $2.72 | $19,040 | $26,348 | 10.5 years |
| 12 kW | $2.67 | $22,391 | $32,075 | 10.3 years |
| 14 kW | $2.61 | $25,590 | $37,954 | 10.1 years |
| 16 kW | $2.56 | $28,636 | $43,985 | 9.9 years |
| 18 kW | $2.50 | $31,530 | $50,169 | 9.6 years |
| 20 kW | $2.45 | $34,272 | $56,505 | 9.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Warranty: If you're worried about the longevity of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Before signing a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Saxon, SC Solar Cost FAQs
How much does it cost to install solar panels in Saxon?
The average cost of solar panels in Saxon 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Saxon?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside 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 way to go if you want to maximize your savings.
How much can I save on energy bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout 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 contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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.