Solar Panel Cost Guide in Valley Falls, SC (2024 Update)
- Valley Falls Solar Installation Cost: $19,511
- 25-Year Savings: $28,443
- Payback Period: 11.1 Years
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Average Cost of Solar Panels in Valley Falls
We go over average solar pricing in Valley Falls.
The average cost of a solar panel system in Valley Falls is 3 per watt.The average Valley Falls 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.
Keep in mind that the figures above are only estimates based on the average energy use of Valley Falls homeowners. The price 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.With average savings of about $21,000 on electricity bills over 20 years, many homeowners in Valley Falls find investing in solar can pay off big.
Click the button below to get connected to a vetted solar installer in your area for a customized estimate.
Solar savings over time in Valley Falls
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 Valley Falls
Trying to put up solar panels on your own can be a dangerous task, which is why getting a solar installation company is a good option for many homeowners. Plus, if you’re not certain what kind of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are various licensed solar professionals that can help you install your solar system. 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 Valley Falls
Factors that Affect Solar Panel Costs in Valley Falls
For many Valley Falls homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Valley Falls, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,450. The brand of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Valley Falls provide solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Valley Falls is the company you hire to install your solar system. As with choosing a company to install new cabinets, for example, there’s no shortage of solar installers that offer a range of services for different budgets.Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $3.59 | $15,070 | $17,478 | 11.6 years |
8 kW | $3.52 | $19,706 | $23,690 | 11.4 years |
10 kW | $3.45 | $24,150 | $30,095 | 11.1 years |
12 kW | $3.38 | $28,400 | $36,694 | 10.9 years |
14 kW | $3.31 | $32,458 | $43,486 | 10.7 years |
16 kW | $3.24 | $36,322 | $50,471 | 10.5 years |
18 kW | $3.17 | $39,992 | $57,649 | 10.2 years |
20 kW | $3.11 | $43,470 | $65,021 | 10.0 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Contract: It’s important to read your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
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 Valley Falls, SC Solar Cost FAQs
What is the average cost of installing solar panels in Valley Falls?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly 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 go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Valley Falls, 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 contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Valley Falls?
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 opt to replace them after having them for that long or you can continue to use 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.