Solar Panel Cost Guide in Welcome, SC (2023 Update)
- Welcome Solar Installation Cost: $15,374
- 25-Year Savings: $30,238
- Payback Period: 8.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Welcome
We break down average solar pricing in Welcome.
While the national average of solar panels is $2.66 per watt, solar panels in Welcome typically cost about 2.72. Because a 8.1-kW system is needed to cover the energy consumption of a typical home in Welcome, the average price of going solar will be about $15,365 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Welcome homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the payback for most homeowners is quite good, with a net average savings of about $21,000 over 20 years on power bills.
To get a free estimate from a pre-vetted solar installer in Welcome, you can click the button below.
Solar savings over time in Welcome
| 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 Welcome
Many homeowners choose to use a solar installation company since installing solar panels by yourself can be a lot of work. Also, if you'd like to maximize your investment in solar power, using a solar installer can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
If you'd like to make the switch to solar but still aren't sure which solar panel installer to go with, here are our recommendations for providers in Welcome:
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 Welcome
Factors that Affect Solar Panel Costs in Welcome
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Welcome: 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
One of the most important 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 power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,720 per kilowatt in Welcome. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Welcome, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Welcome to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Welcome is the company you hire to install your solar system. As with choosing a company to build a deck or pool, 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 | $22,012 | 8.8 years |
| 8 kW | $2.77 | $15,537 | $29,654 | 8.6 years |
| 10 kW | $2.72 | $19,040 | $37,448 | 8.4 years |
| 12 kW | $2.67 | $22,391 | $45,395 | 8.3 years |
| 14 kW | $2.61 | $25,590 | $53,493 | 8.1 years |
| 16 kW | $2.56 | $28,636 | $61,745 | 7.9 years |
| 18 kW | $2.50 | $31,530 | $70,148 | 7.8 years |
| 20 kW | $2.45 | $34,272 | $78,704 | 7.6 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Welcome, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Welcome, SC Solar Cost FAQs
What is the average cost of installing solar panels in Welcome?
The average cost of solar panels in Welcome is about $13,600 for a 5-kW system and $27,200 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How long do solar panels last in Welcome?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.