Quick Facts on Solar Affordability:
- The cost of a solar panel lease is about $700 a year
- The Federal government reimburses up to 30% of installation costs
- South Carolina has tax incentives up to 25%
- $18k in “profit” for SC residents in 15 years by adding tax credits and electricity savings over this period
- Costs savings from Wind Energy are unclear, however, it offers consumers a new path
- Because South Carolina uses so much energy, even though the costs are relatively reasonable in comparison to other states, when you compare it to average household income SC it is actually the 3rd most expensive state in electricity costs.
- Costs from companies like Duke Energy, SCE&G, and Santee Cooper are adjusting rates to reach an average of $0.13 cents in the next few years
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