$200
1,290 kWh
689 lbs
Average solar panel installation
$28,950
Tax Credit
$7,238Total
$21,712
Average monthly bill without solar
$200Average monthly bill with solar
$0Solar will pay for itself in
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The estimated cost to install solar at your house is $28,950. We calculated this because we think your electricity usage for the year is about 15480 kWh, and a 10.34 kW size solar system on your roof would replace 100% of your usage. We are using an estimated cost of $2.80/W, which we get from Energy Sage.
The current electricity costs for Horry Electric Coop Inc are 16¢/kWh. So, by replacing 100% of your usage, you’ll save $2,404 throughout the year. If the costs of electricity stay the same, then your savings will pay for your solar system in 12.04 years. If the costs of Horry Electric Coop Inc electricity rise 3%, then your savings will pay for your solar system in 11.69 years.
Solar installed at your house would generate different amounts of electricity during different months. We estimate that your production would vary from a high of 1470 kWh in March, to a low of 1050 kWh in December. For the entire year, we estimate that your 10.34 kW sized system would produce 15480 kWh.
You may be eligible for a state tax credit of $35,000, from the state of South Carolina.
From Department of Energy Data, it looks like 19 homes have installed solar panels in your zip code, 29579. In your city, Myrtle Beach, 26 homes have installed solar panels. And in the state of South Carolina, 1,265 homes have installed solar panels.
There are 12 solar installers that operate in South Carolina. WattBuy recommends Palmetto, EnergySage, and RGR Marketing.
Using this data-driven approach, we have created a machine learning model that can estimate electricity usage and carbon footprint for every home in the US. We then use this information to recommend the best options for you, so you can feel good that WattBuy is recommending something truly personalized.
Our electricity estimations are trusted by our partners at The Department of Energy's National Renewable Energy Laboratory, as well as many of the biggest consumer brands in the world.