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Solar Panel ROI in Florence County, SC

Is going solar worth it in Florence County? Here are the numbers.

Avg System Cost

$6,296

After Tax Credit (30%)

$4,407

Est. Payback Period

1.2 yrs

25-Year ROI

1975%

Solar Economics in Florence County

Investment Breakdown

System Cost (est.)$6,296
Federal Tax Credit (30%)-$1,889

Net Cost$4,407

Annual Savings

Est. Annual Energy Savings$3,658
Median Home Value$157,400

Median Household Income$56,088

About Florence County, South Carolina

Florence County in South Carolina has a median household income of $56,088 and median home value of $157,400. With an estimated payback period of 1.2 years, solar is a strong investment for homeowners in this area.

These estimates use county-level medians and national averages for solar irradiance. Your actual ROI depends on roof orientation, shading, local utility rates, and available state/local incentives beyond the federal 30% ITC.

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Other Counties in South Carolina

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: EIA, NREL, DSIRE. Solar cost estimates based on county-level home values and national averages. This is not financial advice.