Solar power in Mount Pleasant, South Carolina
SCE&G offer a great net metering program to their solar customers in Mount Pleasant.
South Carolina also allows you to claim up to $3,500 or 50% of your state tax liability (whichever is less) as a state tax deduction when you install solar.
You may also claim a large part of the remaining costs as a deduction to federal taxes — 26% in 2020, and 22% in 2021. The federal solar tax credit has no size limitations and can be spread over many years.
With about 40% of your solar system cost taken away in tax credits, and a solid net metering plan on offer, you'd have to be crazy not to install solar in Mt Pleasant — especially since utilities are trying their hardest to end net metering.
Net Metering Broken Down
Each kWh of unused solar production offsets the cost of another kWh your home draws from the grid at night or on a cloudy day.
When more power in a month is generated than consumed for the grid each surplus kWh is still credited at the retail value.
Credit can be applied to future bills within the same 12 month cycle or at the end of those 12 months be deposited into your account.
With plenty of sunshine in Mt Pleasant net metering can make you some serious money.
The average cost of installing residential solar panels in Mount Pleasant,
South Carolina in 2024 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 Mount Pleasant, SC
is $13,900.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in South Carolina is only 1199kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Mount Pleasant solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our South Carolina solar savings calculator can do this because it contains a database of the electric rates charged by Berkeley Electric Coop Inc, South Carolina Electric & Gas Co
How much can solar panels save you in Mount Pleasant
What does the cost of a real solar system look like?
Facts about installing a 13.91kW solar system in Mount Pleasant, SC
This system would offset 100% of your energy usage if your typical monthly bill is $255, however your situation may vary so try our Mount Pleasant solar calculator to get a result tailored to you.
$24,173
Net cost of system
6 Years 10 Months
Average payback time
18,106 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
30¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 13.91kW system
Life-time savings on this system over the next 25 years
$101,243
(Prices shown after repayments of capital)
41
Solar companies in Mount Pleasant, SC that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Mount Pleasant
| 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 |
Find out what system size you need 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 |
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.
