Solar Savings Calculator for Columbia, SC

Homeowners in Columbia pay an average of $155/month for electricity through Dominion Energy South Carolina. With 5 peak sun hours per day, solar panels can significantly reduce your energy costs.

$155
Avg Monthly Bill
14.5¢/kWh
Electricity Rate
5h/day
Peak Sun Hours
$56,029
Est. 25-Year Savings

Calculate Your Savings in Columbia

Adjust Your Details for Columbia, SC

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
7.2 kW
Panel Count
18 panels
Total System Cost
$19,440
Federal Tax Credit (30%)
-$5,832
State Tax Credit (25%)
-$4,860
Net Cost
$8,748
Annual Savings
$1,860
Payback Period
4.7 years
25-Year Savings
$56,029
Return on Investment
640%

* Estimates based on 5 peak sun hours/day in Columbia, SC, system cost of $2.7/watt, 30% federal ITC, 25% state tax credit, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Local Solar Details for Columbia

Utility & Permits

Utility Company
Dominion Energy South Carolina
Permit Cost
$300
Permit Timeline
2-3 weeks
Net Metering
full

System Estimates

Recommended Size
7.2 kW
Panel Count
18 panels
Gross Cost
$19,440
Net Cost (after credits)
$8,748

Available Incentives for Columbia, SC

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

South Carolina Solar Tax Credit

One of the most generous state solar tax credits with no maximum cap.

25% of cost (no cap)

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