Solar Panel Cost Guide in Greenville, MS (2024 Update)
- Greenville Solar Installation Cost: $18,401
- 25-Year Savings: $27,362
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Greenville
Here’s how much it might cost to install solar panels in Greenville.
In Greenville, solar panels cost about 3 per watt on average.The average solar panel system size in Greenville is around 8.4 kilowatts, meaning a cost of about $18,401 for a solar installation, or $26,313 before the 0 federal solar tax credit is applied.
Keep 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 you, like your household energy use and solar contractor.With average savings of about $19,000 on utility bills over 20 years, many homeowners in Greenville find investing in solar can pay off big.
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 Greenville
| Year | Return on Investment |
|---|---|
| 1 years | $-17,033 |
| 3 years | $-14,298 |
| 5 years | $-11,564 |
| 7 years | $-8,829 |
| 9 years | $-6,094 |
| 11 years | $-3,359 |
| 13 years | $-624 |
| 15 years | $2,111 |
| 17 years | $4,846 |
| 19 years | $7,581 |
| 21 years | $10,315 |
| 23 years | $13,050 |
| 25 years | $15,785 |
Top Solar Installers in Greenville
Although it's possible to install solar panels yourself, it takes extra time and handiness. That's why most people choose to go with a solar panel installer. The expertise that solar companies provide can be useful as well, especially if you don’t quite know what brand of solar equipment you need.
If you’d like to go solar but still aren’t certain which solar installer to go with, here are our recommendations for providers nearby:
See all of the solar companies in Greenville
Factors that Affect Solar Panel Costs in Greenville
While the average cost of a solar system in Greenville is $18,401, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the cost of solar panels 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 figure out by looking at past power bills. Your total cost can increase by around $3,140 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Greenville, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
Most solar installers in Greenville have solar loans, which reduce your upfront costs of installing a solar system.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence your pricing. Greenville’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Greenville are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.27 | $13,716 | $16,983 | 11.2 years |
| 8 kW | $3.20 | $17,936 | $22,995 | 11.0 years |
| 10 kW | $3.14 | $21,980 | $29,184 | 10.7 years |
| 12 kW | $3.08 | $25,848 | $35,548 | 10.5 years |
| 14 kW | $3.01 | $29,541 | $42,088 | 10.3 years |
| 16 kW | $2.95 | $33,058 | $48,804 | 10.1 years |
| 18 kW | $2.89 | $36,399 | $55,696 | 9.9 years |
| 20 kW | $2.83 | $39,564 | $62,764 | 9.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- 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 considerable role in the company you choose.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Warranty: If you’re concerned about the longevity of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
EcoWatch's Greenville, MS Solar Cost FAQs
How much does it cost to install solar panels in Greenville?
The average cost of solar panels in Greenville is about $15,700 for a 5-kW system and $31,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Does Greenville have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
How long do solar panels last in Greenville?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.