Solar Panel Cost Guide in Greensboro, GA (2024 Update)
- Greensboro Solar Installation Cost: $17,282
- 25-Year Savings: $25,508
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Greensboro
We go over average solar pricing in Greensboro.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Greensboro, the average cost of a solar system is 4 per watt.The average solar panel system size in Greensboro is around 6.6 kilowatts, meaning a cost of about $17,282 for a solar installation, or $24,713 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar system you choose, your solar contractor and more.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Greensboro can save around $21,000 on their power bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Greensboro
| Year | Return on Investment |
|---|---|
| 1 years | $-15,689 |
| 3 years | $-12,503 |
| 5 years | $-9,316 |
| 7 years | $-6,130 |
| 9 years | $-2,943 |
| 11 years | $243 |
| 13 years | $3,430 |
| 15 years | $6,616 |
| 17 years | $9,803 |
| 19 years | $12,989 |
| 21 years | $16,176 |
| 23 years | $19,362 |
| 25 years | $22,548 |
Top Solar Installers in Greensboro
Trying to put up solar panels on your own can be a dangerous task, which is why hiring a solar installer is a good option for many homeowners. Plus, if you aren’t sure what type of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
See all of the solar companies in Greensboro
Factors that Affect Solar Panel Costs in Greensboro
Even though the average cost of a solar system in Greensboro is $17,282, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the price of solar panels in Greensboro, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your total cost can increase by around $3,740 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Greensboro, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Greensboro, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of green energy solutions in Greensboro, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for and also fits within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.89 | $16,336 | $17,558 | 12.0 years |
| 8 kW | $3.81 | $21,363 | $23,829 | 11.8 years |
| 10 kW | $3.74 | $26,180 | $30,310 | 11.6 years |
| 12 kW | $3.67 | $30,788 | $37,000 | 11.4 years |
| 14 kW | $3.59 | $35,186 | $43,900 | 11.1 years |
| 16 kW | $3.52 | $39,375 | $51,009 | 10.9 years |
| 18 kW | $3.44 | $43,354 | $58,328 | 10.7 years |
| 20 kW | $3.37 | $47,124 | $65,856 | 10.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Contract: Before you sign a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: If you’re worried about the endurance of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
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
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Greensboro, GA Solar Cost FAQs
How much does it cost to install solar panels in Greensboro?
The average cost of solar panels in Greensboro is about $18,700 for a 5-kW system and $37,400 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is switching to solar power worth it?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.