Solar Panel Cost Guide in Greensboro, GA (2023 Update)
- Greensboro Solar Installation Cost: $11,783
- 25-Year Savings: $25,508
- Payback Period: 7.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Greensboro
Let's take a look at the average cost of solar in Greensboro.
The national average cost of solar panels is $2.66 per watt, but in Greensboro it's 2.55 per watt. The average solar panel system size in Greensboro is around 6.6 kilowatts, meaning a cost of about $11,781 for a solar installation, or $16,847 before the 30% federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will look different based on your energy needs and what company you go with. But, once you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $21,000 over 20 years on energy bills.
Click the button below to get connected to a top solar installer in your area for a personalized estimate.
Solar savings over time in Greensboro
| Year | Return on Investment |
|---|---|
| 1 years | $-11,659 |
| 3 years | $-11,411 |
| 5 years | $-11,162 |
| 7 years | $-10,913 |
| 9 years | $-10,665 |
| 11 years | $-10,416 |
| 13 years | $-10,168 |
| 15 years | $-9,919 |
| 17 years | $-9,670 |
| 19 years | $-9,422 |
| 21 years | $-9,173 |
| 23 years | $-8,925 |
| 25 years | $-8,676 |
Top Solar Installers in Greensboro
Although you can install solar panels by yourself, it requires extra labor and knowledge. That's one of the reasons most homeowners choose a solar panel installer. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Greensboro:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Greensboro
Factors that Affect Solar Panel Costs in Greensboro
For many Greensboro homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Greensboro, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. However, the interest on solar loans also adds to your total costs, so it's important to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies operating in Greensboro, and each can charge different amounts for labor and equipment. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.65 | $11,138 | $22,756 | 8.2 years |
| 8 kW | $2.60 | $14,566 | $30,626 | 8.1 years |
| 10 kW | $2.55 | $17,850 | $38,640 | 7.9 years |
| 12 kW | $2.50 | $20,992 | $46,796 | 7.7 years |
| 14 kW | $2.45 | $23,990 | $55,095 | 7.6 years |
| 16 kW | $2.40 | $26,846 | $63,537 | 7.4 years |
| 18 kW | $2.35 | $29,560 | $72,122 | 7.3 years |
| 20 kW | $2.29 | $32,130 | $80,850 | 7.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Make sure you're on the same page with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Greensboro, GA Solar Cost FAQs
What is the average cost of installing solar panels in Greensboro?
The average cost of solar panels in Greensboro is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Greensboro?
You can't get solar panels for free in Greensboro. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Greensboro have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.