Cost For Solar Panel Installation Sc

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8 years.

Cost for solar panel installation sc. In south carolina the average solar payback period is 7 94 years. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Average cost of going solar in south carolina. South carolinians with sufficient tax liability can take advantage of federal and state tax credits for the purchase and installation of a solar electric system to reduce the cost.

How long does it take to earn back your initial investment in solar panels. A solar payback period is the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings. Using a cost of 3 25 watt we have a gross cost of 26 000 for an 8 kw solar install. On a cost per watt w basis a solar panel installation in south carolina ranges in price from 2 67 to 3 61.

This is higher than the average price of residential solar power systems across the united states which is currently 2 60. As of september 2020 the average solar panel cost in south carolina is 3 14 w. Solar electric systems cost on average 3 to 5 per watt installed but new technologies are bringing the costs down every year. As of sep 2020 the average cost of solar panels in south carolina is 2 62 per watt making a typical 6000 watt 6 kw solar system 11 637 after claiming the 26 federal solar tax credit now available.