Solar Panel Cost Guide in Woodruff, SC (2024 Update)
- Woodruff Solar Installation Cost: $19,511
- 25-Year Savings: $30,048
- Payback Period: 10.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Woodruff
See how much it might cost to switch to solar power in Woodruff.
In Woodruff, solar panels cost about 3 per watt on average.To cover the typical energy needs of the average home in Woodruff, most homeowners require a 8.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $19,511, or $27,901 before the federal solar tax credit of 0 is applied.
The actual price you pay can go above or below the average in Woodruff based on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $21,000 over 20 years on energy bills.
To get a free estimate from a highly rated solar installation company in Woodruff, you can click the button below.
Solar savings over time in Woodruff
| 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 Woodruff
Although it's possible to install solar panels on your own, it requires extra time and handiness. Because of that, most people choose to go with a solar panel installer. Companies can also offer access to quality options of the best solar panels and help you decide which one will be right for you.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
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 Woodruff
Factors that Affect Solar Panel Costs in Woodruff
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Woodruff: 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
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,450. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid route because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Woodruff is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that offer a range of services at different costs.Some companies only sell high-quality, high-efficiency and high-price products — 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 choose a company that provides the products, warranties and services you want and also fits 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 | $18,670 | 11.2 years |
| 8 kW | $3.52 | $19,706 | $25,279 | 11.0 years |
| 10 kW | $3.45 | $24,150 | $32,082 | 10.7 years |
| 12 kW | $3.38 | $28,400 | $39,078 | 10.5 years |
| 14 kW | $3.31 | $32,458 | $46,267 | 10.3 years |
| 16 kW | $3.24 | $36,322 | $53,650 | 10.1 years |
| 18 kW | $3.17 | $39,992 | $61,225 | 9.9 years |
| 20 kW | $3.11 | $43,470 | $68,994 | 9.7 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Before you sign a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Warranty: If you’re worried about the longevity of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Woodruff, SC Solar Cost FAQs
What is the average cost of installing solar panels in Woodruff?
This is a difficult 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to 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 eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,124.64 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.