Solar Panel Cost Guide in Valley Falls, SC (2023 Update)
- Valley Falls Solar Installation Cost: $15,384
- 25-Year Savings: $28,441
- Payback Period: 8.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Valley Falls
See how much it might cost to go solar in Valley Falls.
While the national average of solar panels is $2.66 per watt, solar panels in Valley Falls generally cost around 2.72. To cover the typical energy usage of the average home in Valley Falls, most homeowners require a 8.1-kilowatt system. Using the figure above, a solar installation costs about $15,384, or $21,999 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average Valley Falls homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find going solar is a fruitful investment. The average homeowner in Valley Falls can save about $21,000 on their energy bills over 20 years.
To receive a free quote from a vetted solar installer in Valley Falls, you can click the button below.
Solar savings over time in Valley Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-13,631 |
| 3 years | $-10,125 |
| 5 years | $-6,619 |
| 7 years | $-3,113 |
| 9 years | $393 |
| 11 years | $3,899 |
| 13 years | $7,405 |
| 15 years | $10,911 |
| 17 years | $14,417 |
| 19 years | $17,923 |
| 21 years | $21,429 |
| 23 years | $24,935 |
| 25 years | $28,441 |
Top Solar Installers in Valley Falls
Putting up solar panels on your own can be a challenging task, which is why hiring a solar installation company is a good option for many homeowners. Local solar companies can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
If you're looking for a solar installer in Valley Falls, we've compiled 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 Valley Falls
Factors that Affect Solar Panel Costs in Valley Falls
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Valley Falls: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Valley Falls to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. However, the interest on solar loans also increases your overall costs, so it's crucial to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the massive popularity of sustainable energy solutions in Valley Falls, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Valley Falls know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $20,666 | 9.1 years |
| 8 kW | $2.77 | $15,537 | $27,860 | 9.0 years |
| 10 kW | $2.72 | $19,040 | $35,205 | 8.8 years |
| 12 kW | $2.67 | $22,391 | $42,704 | 8.6 years |
| 14 kW | $2.61 | $25,590 | $50,354 | 8.4 years |
| 16 kW | $2.56 | $28,636 | $58,157 | 8.2 years |
| 18 kW | $2.50 | $31,530 | $66,112 | 8.1 years |
| 20 kW | $2.45 | $34,272 | $74,219 | 7.9 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Contract: Before signing a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Valley Falls, SC Solar Cost FAQs
How much does it cost to install solar panels in Valley Falls?
This is a hard 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Valley Falls?
Leasing solar panels can be an appealing choice, as it typically 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 option if you want to maximize your 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 Valley Falls, that will require at least a 10-kW system. Not all homes 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 needs and how much sunlight your roof gets. You can take a 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.