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:

 

Estimate your solar savings

 

Solar power in South Carolina

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.

$17,391

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

7 Years 8 Months

Average payback time

11,502
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 8.83kW system

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

$61,359

(Prices shown after repayments of capital)

 


 

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

41

 


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

 

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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.