Solar Energy in South Carolina
We ranked South Carolina as the 10th most rewarding state in the nation for installing solar panels on your home, along with having the quickest payback period for solar. The state’s 25% tax credit plus the 26% federal tax credit makes going solar an incredible investment for homeowners. Plus, South Carolina receives excellent sun exposure so your solar system will produce more energy than it would in other states.
Utilities in the state also offer rebates and incentives to install solar. Depending on what incentives your utility offers, you could have a payback period as little as 4 years!
With all of these opportunities for savings, it would be crazy to not install solar panels on your home.
South Carolina Solar Power Facts
$2.82 watt
Average cost: 5kW solar power system.
Average Payback time
On average it takes 6 Years 11 Months to pay back the system.
Average Lifetime Savings
On average, solar power can save you $99,696 over your lifetime.
5¢ kWh
This is the levelized cost of solar energy.
30¢ kWh
This is the levelized cost of energy without solar panels.
17,893 kWh
Annual power production of home solar panels.
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How much do solar panels cost in South Carolina?
Before 26% solar tax credit
Before 26% solar tax credit
Ave 15 year term, 2.5% price escalator
What are the pros and cons of installing solar panels in South Carolina?
The pros of installing solar panels in South Carolina are the fantastic incentives. A combination of net metering, the state tax credit, and the federal tax credit makes installing solar power a no-brainer.
There isn’t much in the way of downsides for installing solar in South Carolina. The time to switch to solar is now while all the incentives are available!