Solar Panel Cost Guide in Greenville, MS (2023 Update)
- Greenville Solar Installation Cost: $15,468
- 25-Year Savings: $27,365
- Payback Period: 9.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Greenville
Find out how much it might cost to go solar in Greenville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Greenville, the typical cost of a solar system is 2.64 per watt. Using this figure, a typical 8.4-kW system would cost about $15,468 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Greenville homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar power is worth paying. On average Greenville homeowners see about $19,000 in savings on utility bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a personalized estimate.
Solar savings over time in Greenville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,754 |
| 3 years | $-10,328 |
| 5 years | $-6,901 |
| 7 years | $-3,475 |
| 9 years | $-48 |
| 11 years | $3,379 |
| 13 years | $6,805 |
| 15 years | $10,232 |
| 17 years | $13,658 |
| 19 years | $17,085 |
| 21 years | $20,512 |
| 23 years | $23,938 |
| 25 years | $27,365 |
Top Solar Installers in Greenville
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar company can make swapping over to solar power much easier. The expertise that solar companies offer can be helpful as well, particularly if you don't quite know what kind of solar equipment would be right for your home.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Greenville
Factors that Affect Solar Panel Costs in Greenville
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Greenville: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Greenville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by about $2,640 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Greenville, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Greenville offer solar loans, which reduce your upfront costs of installing solar. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Greenville is the company you get to install your PV system. Similar to choosing a company to install new cabinets, for example, you'll have many options for solar installers that provide a range of services at different price points. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.75 | $11,532 | $19,167 | 9.4 years |
| 8 kW | $2.69 | $15,080 | $25,851 | 9.2 years |
| 10 kW | $2.64 | $18,480 | $32,684 | 9.0 years |
| 12 kW | $2.59 | $21,732 | $39,664 | 8.8 years |
| 14 kW | $2.53 | $24,837 | $46,792 | 8.7 years |
| 16 kW | $2.48 | $27,794 | $54,068 | 8.5 years |
| 18 kW | $2.43 | $30,603 | $61,492 | 8.3 years |
| 20 kW | $2.38 | $33,264 | $69,064 | 8.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in Greenville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Installation Process: Get detailed information 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: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Greenville, MS Solar Cost FAQs
What is the average cost of installing solar panels in Greenville?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $13,200 for a 5-kW system and $26,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Greenville?
You can't get solar panels for free in Greenville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Greenville?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know 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.