Solar Panel Cost Guide in Taylors, SC (Mar 2023)
- Taylors Solar Installation Cost: $15,365
- 25-Year Savings: $28,888
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Taylors
Let's have a look at the average cost of solar in Taylors.
The national average cost of solar panels is $2.66 per watt, but in Taylors it's 2.72 per watt. Using this figure, a typical 8.1-kW system would cost about $15,365 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Taylors homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the significant upfront cost, the average Taylors homeowner can save about $21,000 on their power bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a pre-vetted solar company in Taylors that can help you get a more accurate cost estimate for your home.
Solar savings over time in Taylors
| Year | Return on Investment |
|---|---|
| 1 years | $-13,595 |
| 3 years | $-10,055 |
| 5 years | $-6,515 |
| 7 years | $-2,974 |
| 9 years | $566 |
| 11 years | $4,106 |
| 13 years | $7,646 |
| 15 years | $11,187 |
| 17 years | $14,727 |
| 19 years | $18,267 |
| 21 years | $21,807 |
| 23 years | $25,348 |
| 25 years | $28,888 |
Top Solar Installers in Taylors
When making the switch to solar, many homeowners prefer to hire a solar installer since installing solar panels yourself can be a difficult project. The expertise that solar companies offer can be valuable as well, particularly if you don't quite know what kind of solar equipment you need.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Taylors:
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 Taylors
Factors that Affect Solar Panel Costs in Taylors
Even though the average cost of a solar system in Taylors is $15,365, your final cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most significant 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 energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,720 per kilowatt in Taylors. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Taylors to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest. However, the interest on solar loans also adds to your overall costs, so it's crucial to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can affect your pricing. Taylors' solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
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 Taylors, SC Solar Cost FAQs
How much does it cost to install solar panels in Taylors?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $13,600 for a 5-kW system and $27,200 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Taylors?
You can't get solar panels for free in Taylors. However, you may still be able to install 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.
How much can I save on energy bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Taylors, that will require at least a 10-kW system. Not all homes will have the roof space for 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?
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 their energy production will have decreased significantly after that point. You can 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.