Solar power in Myrtle Beach, South Carolina
Those of you in Myrtle Beach are extremely lucky as solar incentives in South Carolina are amazing right now. South Carolina has a state tax credit of 25% of the purchase and installation cost up to $3,500 or 50% of your state tax liability together covering about 50% of the total system cost. South Carolina also has a strong net metering law meaning utilities must pay you 1 for 1 retail value for power exported to the grid. Since most homeowners aren't in the house during the day when solar is producing the most net metering gains a lot of importance. With solar incentives the way they are right now in Myrtle Beach solar is a no brainer!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Myrtle Beach 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 Myrtle Beach 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 Myrtle Beach, 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 Myrtle Beach, 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 16.54kW solar system in Myrtle Beach, SC
This system would offset 100% of your energy usage if your typical monthly bill is $212, however your situation may vary so try our Myrtle Beach solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
9 Years 5 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 16.54kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Myrtle Beach, 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.