Cost of solar in Simpsonville, SC

Electricity Consumption in Simpsonville

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 Simpsonville, South Carolina

Duke energy and Laurens Electric coop both offer a very similar net metering policy. This agreement with your utility credits excess solar generation sent to the grid at the retail value for power. When more power is exported than drawn credit is still given at the retail rate to future bills within the same 12 month billing cycle. Remaining credit at the end of the 12 months is deposited into your account.

There is a 25% tax credit up to $3,500 or 50% of your state tax liability whichever one is the least. After subtracting all other incentives 30% of the remaining cost may be claimed as a deduction to federal taxes. The federal solar tax credit can be spread over several years and always covers 30% no matter the system size or cost. Incentives like these make solar an obvious choice for a home investment.

Even if you still aren't sure about solar is can't possibly hurt to get a free estimate by entering your zip code below.

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Simpsonville to find out:

 

Estimate your solar savings

 

Solar power in South Carolina

The average cost of installing residential solar panels in Simpsonville, 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 Simpsonville, 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 9.53kW solar system in Simpsonville, SC

This system would offset 100% of your energy usage if your typical monthly bill is $191, however your situation may vary so try our Simpsonville solar calculatorto get a result tailored to you.

$15,887

Net cost of system
Cash - after 26% solar tax credit

6 Years 1 Month

Average payback time

12,593
kWh

Annual power production


/kWh

levilized cost of solar energy

32¢
/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 9.53kW system

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

$79,053

(Prices shown after repayments of capital)

 


 

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

44

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in South Carolina

System Size Cash purchase
After 26% solar tax credit
Financed purchase
After 26% solar tax credit
3kw $6,460 $6,977
4kw $8,495 $9,175
5kw $10,434 $11,269
6kw $12,343 $13,331
7kw $14,141 $15,273
8kw $15,925 $17,199
9kw $17,582 $18,989
10kw $19,240 $20,779

 

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:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Solar Energy State Tax Credit State Personal Tax Credit
Net Metering State Net Metering
Duke Energy Solar Rebate Utility Rebate Program
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.