Are Solar Panels Worth It In South Carolina?
Solar panels are becoming very popular in South Carolina and across America because they allow homeowners to absorb sunlight and convert it into energy, which can be used within the home to power anything that runs on electricity. Chances are, you’ve probably driven down the road and noticed more and more houses with black and blue rectangular devices affixed to the roof…
So the question that then pops up is, “Are solar panels worth it in South Carolina?” This article is designed to give you an overview of the benefits of going solar, and ultimately lead you down the path to answer that question.
Solar Panels Allow You To Produce Power
If you are like most people, you purchased your house in order to stop spending money on rent, and to own property and living quarters. By that same notion then, we want to encourage you to own your energy, and to stop renting it from the local power company.
As we mentioned earlier, solar panels absorb sunlight and transfer it into the home to be used as electricity. When you produce your own electricity with solar, you buy less electricity from the grid. That is, you pay less money to the local power company because you buy less power from them.
Think about your power bills the previous summer. The sun gives off a strong amount of heat during the summer, so you could’ve easily spent $300, $400, even $500 dollars on power bills from running your air conditioning to keep your home cool.
If we assume an average power bill of $200 dollars each month, that adds up to $2,400 dollars spent on power each year, $12,000 over 5 years, $24,000 over 10 years, and a whopping $60,000 dollars spent on power over 25 years. That’s A LOT of money!
Savings With Solar Panels
Now, imagine if those same power bills were 50% lower thanks to a set of solar panels installed on the roof.
Instead of spending $2,400 for a year of power, you could spend just $1,200 and save $1,200. Sounds nice, right?
Over 25 years, instead of spending $60k on electricity costs, you could spend just $30k, and pocket the other $30k as savings thanks to solar.
Solar Rebates and Incentives
If saving money wasn’t enough motivation to look into solar, you should know that many power companies in South Carolina will pay YOU to produce your own electricity with solar.
Local power utilities Duke Energy, Santee Cooper, and SCEG all have Solar Rebates Programs for members in their service territories. The catch here is many of these rebate programs have a limited amount of funding and are designed to decrease over time, so the people who apply earliest get the best rebates.
This is in addition to a 30% federal tax credit AND a 25% state tax credit that are currently available to both home and business owners in South Carolina. That’s 55% of the total cost paid for by tax credits!!
Environmental Benefits Of Installing Solar Panels
On top of financial savings and financial rebates, going solar allows you to make a positive environmental effect by lowering your carbon footprint. Solar power produces ZERO carbon dioxide or other harmful carbon emissions, and it requires virtually ZERO water (aside from any used in the cleaning of the solar panels).
You can learn more by reading about the environmental benefits of going solar in South Carolina.
Solar Panels Increase Home Value
Another benefit from going solar is that the value of your home will increase. This is according to researchers at the Department of Energy who found that, on average, adding a new set of solar panels increases the value of the home by $15,000 dollars.
There are now more than 1 million solar power systems installed across America, helping homeowners save money and earn a higher resale value!
Solar Panels Make People Happy
Ok, so maybe this is just our opinion, but we can’t help notice how happy our customers are after they make the switch to solar.
If you don’t believe us, just check out our Home Solar Install Gallery and Customer Testimonials.
With everything mentioned above, it’s easy to see that yes, solar panels are definitely worth it in South Carolina! Going solar allows you to save money, increase the value of your home, and make a positive effect on the environment by decreasing your carbon footprint using clean, renewable energy provided by the sun.
#1 Solar Panel Installer In South Carolina
Southern Current is proud to be one of the top solar installers in the Southeast, with hundreds of installations across South Carolina. There’s never been a more affordable time to create your own energy! Contact us to request information about a solar panel installation for your home or business and see how much you can save with solar.