Cost of solar in Lexington, SC

Electricity Consumption in Lexington

Electricity Consumption by South Carolina residents averages 1199 kWh per month. It ranks #10 in the nation for savings from installing solar panels on the home.

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Solar power in Lexington, South Carolina

SCE&G customers are eligible to their net metering program. This program credits customers excess solar at 1 for 1 per kWh with the retail power rate. Credit after paying off your bill will be carried forward for future bills for the next year and at the end of the year unused credit will be paid to you the customer. With great sun exposure in Lexington net metering will make you a lot of money. South Carolina offers a state tax credit of 50% off of your state tax liability up to $3,500. After deducting the state tax credit 30% of the system cost may also be claimed on the federal solar tax credit. The federal solar tax credit may be used over several years and has no size limitations, even if your solar system is 100kW you will still receive 30%. Generous incentives like these are being fought by utilities and many legislatures so don't wait any longer!

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:

 

Estimate your solar savings

 

Solar power in South Carolina

The average cost of installing residential solar panels in Lexington, South Carolina in 2018 is $3.52 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Lexington, SC is $17,600. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 8.66kW solar system in Lexington, SC

This system would offset 100% of your energy usage if your typical monthly bill is $163, however your situation may vary so try our solar calculator to get a result tailored to you.

$17,130

Net cost of system
Cash - after 30% solar tax credit

7 Years 6 Months

Average payback time

11,573
kWh

Annual power production


/kWh

levilized cost of solar energy

30¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 8.66kW system

Life-time savings on this system over the next 25 years

$62,273

(Prices shown after repayments of capital)

 


 

Solar companies in Lexington, SC that provide pricing through the Solar-Estimate marketplace

34

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in South Carolina

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $8,106 $8,754
4kw $10,500 $11,340
5kw $12,740 $13,759
6kw $14,784 $15,967
7kw $16,709 $18,046
8kw $18,480 $19,958
9kw $20,097 $21,705
10kw $21,560 $23,285

 

Design your own solar panel system for your home

Going solar in South Carolina

Check out all of the ways energy providers of South Carolina can help you be more energy efficient and save money.

The following programs are available:
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.