Benefits of Solar Energy
Solar energy offers several advantages that will enhance your home for years to come.
- Better energy independence: Adding a solar battery storage system lets you have trustworthy energy during grid outages and storms.
- Reduced carbon footprint: Using clean solar power reduces your dependence on fossil fuels, which release greenhouse gases that damage the environment.
- Lowered energy bills: You can skip the premium cost of grid-tied power by generating some electricity at home. Plus, many states provide net metering which can allow you to sell your unused energy back for credits on your bill.
What Solar Incentives Are Available to North Charleston Homeowners?
The state of South Carolina offers a range of solar incentives to help lower your solar system costs. Below is a breakdown of applicable solar programs where you live.
Incentive Type: Property Tax Incentive
Incentive Amount:
100% exemption
Incentive Type: Rebate Program
Website: santeecoopersolar.comIncentive Amount:
Residential and Commercial: $1.05/W
Non-Profit: $1.30/W
Incentive Type: Corporate Tax Credit
Website: energy.sc.govIncentive Amount:
25% of eligible costs
Incentive Type: Personal Tax Credit
Website: energy.sc.govIncentive Amount:
25% of eligible costs
Incentive Type: Rebate Program
Website: berkeleyelectric.coopIncentive Amount:
Geothermal Heat Pump: $250/ton
Dual Fuel System: $500/home
Water Heater: $200 - $400
Incentive Type: Loan Program
Website: berkeleyelectric.coopIncentive Amount:
HomeAdvantage: $15,000
Energy Advance: $20,000
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in North Charleston
The cost and efficiency of solar panels often rely on which company mounted them. Here are some important factors to keep in mind while shopping for a solar specialist.
Licensing and Training
South Carolina law draws a difference between mechanical and general contractors for solar energy work. Licensed mechanical contractors can install or repair any solar PV system rated for between 50 and 600 volts if they have an electrical Certificate of Authorization. If a company installs solar thermal systems, they need a Certificate of Authorization in plumbing and a supervising licensed plumber on their team. Solar providers can also earn accreditations from standards organizations and trade groups. The top ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in North Charleston
Your solar panels' style will impact how much power you can produce. Monocrystalline panels are among the highest quality and cost the most but perform the best. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.
Additional system add-ons, such as electric vehicle (EV) chargers and battery storage, will increase your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not every solar company includes these additional features, so look for a contractor that installs them if it's crucial for you.
You can expect to pay about $17,250 on average for a five-kilowatt solar energy system in North Charleston. Check the table in this section to get an idea of what amount North Charleston solar companies might quote for your specific solar system's price.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,175 |
Solar Polycrystalline | $916 |
Thin-Film | $536 |
Solar Battery | $752 |
Solar Home EV Charger | $2,819 |
Financing Solar Energy in North Charleston
Choosing the right financing solution will influence your overall solar system cost and expected savings. Common payment options include leases, power purchase agreements, loans, and cash payments. Most solar experts recommend paying cash or using a solar loan. Cash payments demand a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving solar incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Like a home or car loan, you'll pay a set monthly rate with as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate determined by the energy you use, similar to an electric bill. We typically don’t recommend these two choices because you won't own the solar system and are disqualified from using solar incentives. Look for companies that offer several payment plans to find the right fit for your budget.
The table below lists the average payback periods for different capacities of solar systems in North Charleston.
You are eligible for a 26% federal solar tax credit for new solar energy equipment until the year 2032. Municipal and state governments and utility companies might also offer rebates, discounts, and unique financing solutions that could save you more.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 1.9 years |
2 kW | 3.8 years |
5 kW | 9.5 years |
10 kW | 19.0 years |
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Frequently Asked Questions About Solar in North Charleston
How much money could I save by going solar in North Charleston?
How common is solar energy in North Charleston?
Will solar energy systems improve my North Charleston home price?
How can I assess my property's solar feasibility?
What care do my solar panels need, and how often do they need it?
What's the average solar system size in North Charleston?
How can I boost my solar array's performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
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