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  • Victor Lewis

Home Solar: Scam or Investment in the Future?

Updated: Apr 9, 2023

The solar market has experienced significant growth since its early days, with more and more homeowners looking to explore solar solutions. In South Carolina alone, the level of solar power generation has increased by nearly 150%. All around the United States, homeowners are choosing to install solar panels on their homes to receive benefits. Of course, every homeowner has the same question before they take the leap: is solar worth it?

While it is great when new markets grow, the fact is that not every company that joins those markets is a good one. Many South Carolina residents are worried that solar panels might not be all they claim to be. In this article, we will discuss how local residents can use solar panels as an investment while avoiding scams.

Defining the Value of Your Solar Investment

The difference between a scam and an investment all comes down to one thing–value. In order to ensure that your solar panels are an investment, not a scam, you must be able to define their value. South Carolina solar sounds great, but is it really worth it?

With solar, there are three factors that define the value of this investment–cost, savings, and lifespan. Let’s explore some of the more common questions surrounding these considerations.

How Much Do Solar Panels Cost?

The first consideration when determining the value of an investment will always be to consider the cost of the investment. In the South Carolina solar market, the cost of solar panels is actually slightly above average, with an 11 kW system costing an estimated $20,000. However, prices can vary significantly based on the solar power system you choose.

There is no doubt about it–the average person considers $20,000 to be a fairly significant investment. However, that doesn’t make it a bad investment. Although solar can cost money upfront, there are several other factors that can offset the cost, including government incentives, financing options, savings opportunities, and the ability to sell your energy.

If you don’t have the full cost of a solar power system in your wallet, don’t worry–we offer no upfront cost solar to make it easy for you to get started.

Can I Save Money with Solar?

After determining the cost of solar, we must consider what you actually get out of your investment. Solar panels are often marketed as an opportunity to save, but what does that actually look like in your own home? Can solar companies in SC help you save?

Government Savings

Solar energy services offer a great opportunity to save and make money–starting on day one. To offset the cost of your solar investment, the government offers opportunities to save the moment you have your solar panels installed. These are the popular savings opportunities that a solar energy consultant will happily talk about all day!

There is currently a 30% Federal Tax Incentive available to those who invest in solar–and this incentive won’t last forever. In the years to come, the U.S. Department of Energy shared that the percentage available for this incentive will decline as time passes.

Investing sooner rather than later can offer additional savings. For even more savings, South Carolina also offers a 25% tax credit on the cost of installing solar at home. Are solar panels worth it in South Carolina? With South Carolina solar incentives, this state might very well be one of the best places to invest in solar!

Home Savings

Did you know that South Carolina residents consume more energy and pay higher monthly energy bills than residents in many other states? Did you also know that the cost of electricity is increasing all around the United States? Solar energy services can start saving you money on day one, and it looks like South Carolina solar will be saving residents a lot of money in the years to come too!

Without solar, your electricity bill will likely continue to increase. With solar, however, your bill might just end up being nonexistent. Installing the right system can move your home from energy taken from the power grid right onto your own energy straight from the sun. Since the average South Carolina resident pays $138.16 a month on electricity and prices are only increasing, these savings can be substantial. Many residents can save thousands of dollars a year by investing in South Carolina solar services!

Growing Your Personal Savings

Solar doesn’t only offer opportunities to save–it also offers opportunities to boost your personal savings at home too. Net metering allows homeowners to sell their extra energy to the grid, allowing you to make $50 to $500 or more a month thanks to your solar panels. You can even receive more money for your solar investment by sharing how much you love it with your friends. Our customers can earn up to $500 every time they refer someone who makes the decision to invest in South Carolina solar opportunities!

How Long Do Solar Panels Last?

All of these savings are great, but they are only great if the system lasts long enough to turn that initial investment into savings and income opportunities. Fortunately, there is no concern here. The average home solar system lasts between 25 and 30 years. Since most systems start paying for themselves between 5 and 15 years after installation, that gives homeowners years to receive these benefits!

How to Find the Best Solar Company Near Me

Solar can be a great investment, but it is very important to know how to navigate the industry. Partnering with a company that offers high-quality solar power systems and expert installation can ensure that you enjoy your investment and never feel like your solar panels are a scam.

Before you look up how to find the best solar installer near me–be prepared to seek out the best companies. Look for companies that support your area, offer additional incentives, use fair pricing, and have great reputations among your neighbors too. Take the time to find a solar installation business that is knowledgeable, professional, and easy to work with!

Conclusion: Is Solar Worth It?

The solar market is large and growing, and there is a reason for it–solar energy brings value to homeowners. To partner with the best solar company in Fort Mill, SC, explore our tools and contact us to learn how we can provide your home with tailored custom solutions that offer a great return on investment.

We help you to invest in solar quickly with no money down, a 30-year warranty, and more opportunities to save and make money. Stop renting your power and own it by partnering with Solarflare Energy Company. We sell solar in 26 states–and we love helping our local neighbors here in South Carolina cut down on monthly expenses and own their energy!

SolarFlare Energy Pros...Your Trusted Renewable Energy Advisors in Fort Mill, SC

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