Home › South Carolina › Florence
Solar Panel Cost in Florence, South Carolina
Local pricing, savings, and net metering data for Florence homeowners.
$1,460
Annual Savings
null yrs
Payback Period
-$22,703
Net Cost
$72,574
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Florence
System Size
6.2 kW
Annual Production
9,359 kWh
Gross System Cost
$17,567
Federal Tax Credit (30%)
-$5,270
State Incentive
-$35,000
Net Cost
-$22,703
Monthly Savings
$122
CO₂ Offset/yr
8,610 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilitySantee Electric
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitCheck with utility
Electricity Rate$0.156/kWh
Peak Sun Hours5.2 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$35,000
South Carolina State Incentive — South Carolina offers a 25% state tax credit up to $35,000 over 5 years.
Common Questions
How much does solar cost in Florence?
Solar in Florence, South Carolina costs approximately $17,567 for a 6.2 kW system. After the 30% federal tax credit, your net cost is about -$22,703.
What is the solar payback period in Florence?
The estimated payback period for solar in Florence is null years, based on a $150/month electric bill and local sun hours of 5.2 hrs/day.
Does Santee Electric offer net metering?
Santee Electric offers Full Retail net metering. Check with your utility for current compensation rates..