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 for Lexington to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Lexington and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in Lexington, South Carolina in 2020 is $2.78 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 $13,900. (before claiming 26% tax credit and other rebates)
What does the cost of a real solar system look like?
Facts about installing a 12.32kW solar system in Lexington, SC
This system would offset 100% of your energy usage if your typical monthly bill is $232, however your situation may vary so try our Lexington solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
6 Years 7 Months
Average payback time
Annual power production
levilized cost of solar energy
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 12.32kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Lexington, SC that provide pricing through the Solar-Estimate marketplace
Average total cost of solar panel installation in South Carolina
|System Size||Cash purchase
After 26% solar tax credit
After 26% solar tax credit
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:
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.