Cost of solar in Myrtle Beach, SC

Electricity Consumption in Myrtle Beach

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 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 to find out:

 

Estimate your solar savings

 

Solar power in South Carolina

The average cost of installing residential solar panels in Myrtle Beach, 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 Myrtle Beach, 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 10.92kW solar system in Myrtle Beach, SC

This system would offset 100% of your energy usage if your typical monthly bill is $140, however your situation may vary so try our solar calculator to get a result tailored to you.

$21,093

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

10 Years 2 Months

Average payback time

14,001
kWh

Annual power production


/kWh

levilized cost of solar energy

21¢
/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 10.92kW system

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

$44,216

(Prices shown after repayments of capital)

 


 

Solar companies in Myrtle Beach, SC that provide pricing through the Solar-Estimate marketplace

35

 


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.