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Solar Panel Cost in Hilton Head Island, South Carolina
Local pricing, savings, and net metering data for Hilton Head Island homeowners.
$1,460
Annual Savings
null yrs
Payback Period
-$20,827
Net Cost
$70,697
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Hilton Head Island
System Size
7.1 kW
Annual Production
10,580 kWh
Gross System Cost
$20,247
Federal Tax Credit (30%)
-$6,074
State Incentive
-$35,000
Net Cost
-$20,827
Monthly Savings
$122
CO₂ Offset/yr
9,733 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityPalmetto Electric
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitCheck with utility
Electricity Rate$0.138/kWh
Peak Sun Hours5.1 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 Hilton Head Island?
Solar in Hilton Head Island, South Carolina costs approximately $20,247 for a 7.1 kW system. After the 30% federal tax credit, your net cost is about -$20,827.
What is the solar payback period in Hilton Head Island?
The estimated payback period for solar in Hilton Head Island is null years, based on a $150/month electric bill and local sun hours of 5.1 hrs/day.
Does Palmetto Electric offer net metering?
Palmetto Electric offers Full Retail net metering. Check with your utility for current compensation rates..