Solar Panel Cost Guide in Welcome, SC (2024 Update)
- Welcome Solar Installation Cost: $19,500
- 25-Year Savings: $30,238
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Welcome
Find out how much it might cost to go solar in Welcome.
The national average cost of solar panels is $2.66 per watt, but in Welcome it’s 3 per watt.To account for the typical energy needs of the average home in Welcome, most homeowners require a 8.1-kilowatt system. Using the figure above, a solar installation costs around $19,500, or $27,885 before the federal solar tax credit of 0 is applied.
These figures are only averages, and the cost of going solar for you will differ based on your specific situation and what company you want to go with.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Welcome see about $21,000 in savings on utility bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Welcome
| 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 Welcome
Although you can install solar panels by yourself, it requires extra energy and expertise. For that reason, almost all homeowners choose a solar panel installer. Solar warranties and repairs are typically included in the cost of installation when you sign a contract with a solar company as well, which can save you more money after your initial investment.
If you're on the hunt for a solar company in Welcome, 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
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 Welcome
Factors that Affect Solar Panel Costs in Welcome
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Welcome: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. In addition, add-on products, like solar batteries, can bring your total well above the Welcome average.
Solar Financing Terms
Many homeowners find the average cost of solar in Welcome to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest.You’ll have to consider the long-term cost of loans, including the amount of 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 getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Welcome, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for and also is within your budget.
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 | $18,823 | 11.1 years |
| 8 kW | $3.52 | $19,706 | $25,484 | 10.9 years |
| 10 kW | $3.45 | $24,150 | $32,338 | 10.7 years |
| 12 kW | $3.38 | $28,400 | $39,385 | 10.5 years |
| 14 kW | $3.31 | $32,458 | $46,626 | 10.3 years |
| 16 kW | $3.24 | $36,322 | $54,059 | 10.0 years |
| 18 kW | $3.17 | $39,992 | $61,686 | 9.8 years |
| 20 kW | $3.11 | $43,470 | $69,506 | 9.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Long-standing companies likely have a good 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 service, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
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
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 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 $17,250 for a 5-kW system and $34,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration 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.
Is it worth going solar in Welcome?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 install between 20 and 35 panels to account for 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.