Solar Panel Cost in Myrtle Beach, SC (2026)
Solar panel costs in Myrtle Beach, SC typically run below the South Carolina state average. A 6 kW system in Myrtle Beach costs about $14,250 before the 30% federal ITC, with payback around 8.6 years at local utility rates.
Quick answer
In Myrtle Beach, a 6 kW solar panel system costs about $14,250 installed (8.6-year payback). After the 30% federal tax credit, net cost is roughly $10,000. Annual savings: ~$1,210/year at 13.5¢/kWh.
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Estimate for South Carolina
$6,900net after 30% ITC
~4 kW · 10 panels · $9,900 before credits · 13.5¢/kWh
Annual savings
$804
Payback
8.6 yrs
25-year savings
$21,119
25-year savings timeline
Includes ~3% utility rate growth & 0.5%/yr panel degradation
Myrtle Beach vs US Average
| Metric | SC | US avg |
|---|---|---|
| 6 kW system (before credit) | $14,250 | $16,271 |
| Net cost after 30% ITC | $10,000 | $11,390 |
| Cost per watt | $0.00/W | — |
| Annual electricity savings | $1,210 | $1,335 |
| Payback period (years) | 8.6 yrs | 9 yrs |
| Electricity rate | 13.5¢/kWh | — |
Updated 2026-07-07. Estimates only.
What affects solar costs in Myrtle Beach?
Myrtle Beach metro solar pricing runs 5–10% below the South Carolina state average, reflecting local labor, permitting, and installer competition. Solar installation costs in South Carolina reflect local labor rates, permit fees, and utility interconnection rules. A typical 6 kW system runs $11,550–$20,440 before the 30% federal tax credit, with net cost around $8,080–$14,310.
Myrtle Beach homeowners should compare at least three local quotes specifying panel brand, inverter type, and production guarantee. South Carolina averages 13.5¢/kWh and 4.8 peak sun hours per day — moderate solar production potential for rooftop systems.
Utility rules in South Carolina affect how solar credits apply to your bill — verify net metering or buyback terms for your specific provider serving Myrtle Beach.
Myrtle Beach solar ROI depends on South Carolina electricity rates, local install competition, and roof suitability. South Carolina install costs average $2.48/W with estimated 8.6-year payback on a 6 kW system — below US national averages.
Myrtle Beach solar snapshot
- 6 kW system: $11,100 – $19,600
- After 30% ITC: $10,000
- Electric rate: 13.5¢/kWh · Peak sun: 4.8 hrs/day
- Payback: ~8.6 years · Annual savings: ~$1,210
How to maximize solar ROI in Myrtle Beach
- Compare Myrtle Beach installer quotes on cost per watt ($/W)
- Check South Carolina incentives — state guide
- Review how to choose installers in South Carolina
- Compare at least three installer quotes in South Carolina
- Model payback using your actual utility rate and usage
Frequently Asked Questions
How much do solar panels cost in Myrtle Beach?
A 6 kW solar system in Myrtle Beach, SC typically costs $11,100–$19,600 before incentives, or $10,000 after the 30% federal tax credit.
Is solar worth it in Myrtle Beach?
With 13.5¢/kWh electricity rates and 4.8 peak sun hours, Myrtle Beach homeowners often see 8.6-year payback. Use our calculator for your roof and usage.
How does Myrtle Beach compare to South Carolina?
Myrtle Beach install pricing is among the more affordable metros in South Carolina.
Related pages
How We Calculate Solar Costs
MySunROI estimates combine NREL residential PV installed-price benchmarks, EIA state electricity rates, and regional labor modifiers — updated 2026-07-07.
Estimates only. Last updated 2026-07-07. Estimates based on NREL PV cost benchmarks, EIA electricity rates, and 2026 installer pricing surveys.