Cost of solar in Mount Pleasant, SC
Electricity Consumption in Mount Pleasant
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 Mount Pleasant, South Carolina
SCE&G offer a great net metering program to their solar customers in Mount Pleasant. Each kWh of unused solar production offsets the cost of another kWh your home draws from the grid at night or on a cloudy day. When more power in a month is generated than consumed for the grid each surplus kWh is still credited at the retail value. Credit can be applied to future bills within the same 12 month cycle or at the end of those 12 months be deposited into your account. With plenty of sunshine in Mt Pleasant net metering can make you some serious money.
South Carolina also allows you to claim up to $3,500 or 50% of your state tax liability (whichever is least) as a state tax deduction when you install solar. You may also claim 30% of the remaining costs after the state tax credit as a deduction to federal taxes. The federal solar tax credit has no size limitations and can be spread over many years. With about 40% of your solar system cost taken away in tax credits and a solid net metering plan you'd have to be crazy not to install solar in Mt Pleasant especially since utilities are trying their hardest to end net metering.
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 Mount Pleasant 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 Mount Pleasant, 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 Mount Pleasant, 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 8.83kW solar system in Mount Pleasant, SC
This system would offset 100% of your energy usage if your typical monthly bill is $162, 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 8 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 8.83kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Mount Pleasant, 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.