Cost of solar in Moncks Corner, SC
Electricity Consumption in Moncks Corner
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 Moncks Corner, South Carolina
Berkeley Electric Coop offer their solar customers an excellent net metering program in Moncks Corner. Under net metering excess solar generation is sent to the grid and retail value per kWh is provided. After covering the cost of power drawn from the grid at later times you receive credit that may be applied to future bills within the same 12 month billing cycle. If at the end of the 12 months credit remains then Berkeley Electric will deposit the money into your account.
South Carolina offers a state tax credit of 50% of your state tax liability up to $3,500 to be claimed as a tax deduction for installing solar. After factoring in the state tax credit you may claim 30% of the remaining cost as a deduction to federal taxes. The 30% federal solar tax credit can be spread over several years and will always cover 30% regardless of system size. Utilities are fighting a hard battle to end net metering, no good will come from waiting!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator 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 Moncks Corner 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 Moncks Corner, 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 Moncks Corner, 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 7.58kW solar system in Moncks Corner, SC
This system would offset 100% of your energy usage if your typical monthly bill is $139, however your situation may vary so try our solar calculator to get a result tailored to you.
Net cost of system
Cash - after 30% solar tax credit
7 Years 10 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 7.58kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Moncks Corner, SC that provide pricing through the Solar-Estimate marketplace
Average total cost of solar panel installation in South Carolina
|System Size||Cash purchase
After 30% solar tax credit
After 30% solar tax credit
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:
|Residential Renewable Energy Tax Credit||Federal||Personal Tax Credit|
|SC-Solar Energy state Tax Credit (25% of cost up to $3,500 per year or half of state tax liability. Unused credit carries forward)||State||Personal Tax Credit|
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.