Solar Panel Cost Guide in Taylors, SC (2023 Update)
- Taylors Solar Installation Cost: $15,374
- 25-Year Savings: $28,879
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Taylors
We go over average solar pricing in Taylors.
Although the national average of solar panels is $2.66 per watt, solar panels in Taylors generally cost about 2.72. The average Taylors homeowner needs a 8.1-kilowatt system, which would cost about $15,365 with the federal tax credit, or $21,972 before the 30% tax credit is applied.
These figures are only averages, and the cost of going solar for you may differ based on the amount of energy your home requires and what company you go with. Many homeowners find going solar is a solid investment. The average homeowner in Taylors can save around $21,000 on their electricity bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Taylors
| Year | Return on Investment |
|---|---|
| 1 years | $-13,889 |
| 3 years | $-10,918 |
| 5 years | $-7,948 |
| 7 years | $-4,977 |
| 9 years | $-2,007 |
| 11 years | $964 |
| 13 years | $3,934 |
| 15 years | $6,905 |
| 17 years | $9,876 |
| 19 years | $12,846 |
| 21 years | $15,817 |
| 23 years | $18,787 |
| 25 years | $21,758 |
Top Solar Installers in Taylors
Although you can install solar panels yourself, it requires extra energy and expertise. That's why most homeowners choose to hire a solar panel installer. Plus, if you're not certain what type of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're looking for a solar installer in Taylors, we've organized a list of our top suggestions here:
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 Taylors
Factors that Affect Solar Panel Costs in Taylors
The cost of installing a solar system in Taylors can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,720. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Taylors average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Taylors homeowners opt to finance their solar panel systems to offset upfront costs. When trying to figure out 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 factor to consider when trying to evaluate the cost of solar for your home or business in Taylors is the company you get to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services for different budgets. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $21,002 | 9.0 years |
| 8 kW | $2.77 | $15,537 | $28,308 | 8.9 years |
| 10 kW | $2.72 | $19,040 | $35,765 | 8.7 years |
| 12 kW | $2.67 | $22,391 | $43,375 | 8.5 years |
| 14 kW | $2.61 | $25,590 | $51,138 | 8.3 years |
| 16 kW | $2.56 | $28,636 | $59,052 | 8.2 years |
| 18 kW | $2.50 | $31,530 | $67,119 | 8.0 years |
| 20 kW | $2.45 | $34,272 | $75,339 | 7.8 years |
How to Save on Solar Panels
There are many companies to choose from in Taylors, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: Before signing a contract with a solar company, make sure you look it over fully 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 if there are any guarantees about energy production.
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which company you should choose, since different companies have access to different panels.
- 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 previous customers and solar experts like the EcoWatch team.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure 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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Taylors, SC Solar Cost FAQs
How much does it cost to install solar panels in Taylors?
The average cost of solar panels in Taylors 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 like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Taylors?
You can't get solar panels for free in Taylors. 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 want to own your solar panels, you can finance them with a solar loan.
Does Taylors have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 account for 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.