Solar Panel Cost Guide in Travelers Rest, SC (2025 Update)
- Travelers Rest Solar Installation Cost: $19,500
- 25-Year Savings: $27,257
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Travelers Rest
Find out what the average cost of installing solar panels is in Travelers Rest.
In Travelers Rest, solar panels cost about 3 per watt on average.The average Travelers Rest homeowner needs a 8.1-kilowatt system, which would cost about $19,500 with the federal tax credit, or $27,885 before the 0 tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely vary based on factors unique to your home and what company you go with.But, once you've paid the upfront cost of installation, the payback for most homeowners is usually good, with a net average savings of about $20,000 over 20 years on electricity bills.
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Solar savings over time in Travelers Rest
| Year | Return on Investment |
|---|---|
| 1 years | $-18,015 |
| 3 years | $-15,044 |
| 5 years | $-12,074 |
| 7 years | $-9,103 |
| 9 years | $-6,133 |
| 11 years | $-3,162 |
| 13 years | $-192 |
| 15 years | $2,779 |
| 17 years | $5,749 |
| 19 years | $8,720 |
| 21 years | $11,691 |
| 23 years | $14,661 |
| 25 years | $17,632 |
Top Solar Installers in Travelers Rest
When switching to solar energy, many homeowners choose to hire a solar installer since putting up solar panels yourself can be a time-consuming project. The expertise that solar companies offer can be helpful as well, particularly if you aren’t sure what type of solar equipment would be right for your home.
If you’d like to switch to solar energy but still aren’t sure which solar panel installer to go with, here are our recommendations for providers in Travelers Rest:
See all of the solar companies in Travelers Rest
Factors that Affect Solar Panel Costs in Travelers Rest
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Travelers Rest: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,450. There are many different solar panel brands and the one you pick also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Travelers Rest, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.Even though solar loans make switching to solar energy more accessible for Travelers Rest homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies in Travelers Rest, and each can charge different amounts for labor and equipment.The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater 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 lower 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 | $16,608 | 11.9 years |
| 8 kW | $3.52 | $19,706 | $22,531 | 11.7 years |
| 10 kW | $3.45 | $24,150 | $28,646 | 11.4 years |
| 12 kW | $3.38 | $28,400 | $34,955 | 11.2 years |
| 14 kW | $3.31 | $32,458 | $41,457 | 11.0 years |
| 16 kW | $3.24 | $36,322 | $48,153 | 10.7 years |
| 18 kW | $3.17 | $39,992 | $55,041 | 10.5 years |
| 20 kW | $3.11 | $43,470 | $62,123 | 10.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Installation Process: When making the switch to solar, it’s essential to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the completion timeline.
- Solar Panel Brands: The model of solar panel you need plays a role in which installer you should opt for, since different companies have access to different panels.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
EcoWatch's Travelers Rest, SC Solar Cost FAQs
How much does it cost to install solar panels in Travelers Rest?
The average cost of solar panels in Travelers Rest is about $17,250 for a 5-kW system and $34,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Travelers Rest?
Leasing solar panels can be an attractive choice, because it often 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 get the most savings.
Can solar panels significantly reduce my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Travelers Rest, 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs 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.