Solar Panel Cost Guide in Woodruff, SC (2023 Update)
- Woodruff Solar Installation Cost: $15,384
- 25-Year Savings: $30,046
- Payback Period: 8.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Woodruff
Find out what the average cost of installing solar panels is in Woodruff.
In Woodruff, solar panels cost about 2.72 per watt on average. The average solar panel system size in Woodruff is around 8.1 kilowatts, meaning a cost of about $15,384 for a solar installation, or $21,999 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of solar panels you choose, your solar contractor and more. But, after you've paid the initial cost of installation, the ROI for most homeowners is quite fruitful, with a net average savings of about $21,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar installer in Woodruff for a quote for your home.
Solar savings over time in Woodruff
Year | Return on Investment |
---|---|
1 years | $-13,567 |
3 years | $-9,933 |
5 years | $-6,298 |
7 years | $-2,664 |
9 years | $971 |
11 years | $4,605 |
13 years | $8,239 |
15 years | $11,874 |
17 years | $15,508 |
19 years | $19,143 |
21 years | $22,777 |
23 years | $26,412 |
25 years | $30,046 |
Top Solar Installers in Woodruff
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring an installer can make your swap to solar power much easier. Companies can also have access to a large variety of the best solar panels and help you pick which one will be right for your home.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
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 Woodruff
Factors that Affect Solar Panel Costs in Woodruff
There are many criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most significant 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 electricity your household uses, the larger your system will likely need to be. You can expect to pay around $2,720 per kilowatt in Woodruff. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Woodruff, where sunlight is abundant, efficiency can quickly pay off. Plus, 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
If paying for solar panels out of pocket is difficult, solar loans are a popular choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. Although solar loans make going solar more accessible for Woodruff homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Woodruff, and each can charge different amounts for labor and equipment. Additionally, some companies in Woodruff are more knowledgeable about local solar incentives and can help you take advantage 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 | $21,858 | 8.8 years |
8 kW | $2.77 | $15,537 | $29,449 | 8.6 years |
10 kW | $2.72 | $19,040 | $37,192 | 8.5 years |
12 kW | $2.67 | $22,391 | $45,087 | 8.3 years |
14 kW | $2.61 | $25,590 | $53,135 | 8.1 years |
16 kW | $2.56 | $28,636 | $61,335 | 8.0 years |
18 kW | $2.50 | $31,530 | $69,688 | 7.8 years |
20 kW | $2.45 | $34,272 | $78,192 | 7.6 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.
- Contract: Look through the contract terms thoroughly to make sure you understand the total cost, project timeline rebates and warranties.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure 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
EcoWatch's Woodruff, SC Solar Cost FAQs
What is the average cost of installing solar panels in Woodruff?
The average cost of solar panels in Woodruff 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Woodruff?
Leasing solar panels can be an attractive choice, because it usually 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 get the most savings.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Woodruff is currently $110,300, which means you can expect a value of about $4,522 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Woodruff is a fruitful investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 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.