Solar Panel Cost Guide in Greenville, OH (2024 Update)
- Greenville Solar Installation Cost: $17,844
- 25-Year Savings: $14,116
- Payback Period: 16.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Greenville
See how much it might cost to go solar in Greenville.
Although the national average of solar panels is $2.66 per watt, solar panels in Greenville generally cost around 3.To cover the typical energy needs of the average home in Greenville, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,844, or $25,517 before the federal solar tax credit of 0 is applied.
These figures are just averages, and the cost of going solar for you will most likely look different based on your specific situation and what company you want to go with.For most homeowners, the upfront investment in solar panels is worth paying. On average Greenville homeowners see about $14,000 in savings on utility bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Greenville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,826 |
| 3 years | $-14,789 |
| 5 years | $-12,752 |
| 7 years | $-10,716 |
| 9 years | $-8,679 |
| 11 years | $-6,643 |
| 13 years | $-4,606 |
| 15 years | $-2,569 |
| 17 years | $-533 |
| 19 years | $1,504 |
| 21 years | $3,540 |
| 23 years | $5,577 |
| 25 years | $7,613 |
Top Solar Installers in Greenville
Installing solar panels by yourself can be a dangerous project, which is why getting a solar installation company is a good option for many homeowners. Another benefit of using a solar installer is that they can help you make the most of your ROI by reducing your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Greenville
Factors that Affect Solar Panel Costs in Greenville
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Greenville: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,410.There are a lot of different solar panel brands and the one you choose also affects the cost. Generally, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Greenville homeowners choose to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also increases your total costs, so it’s crucial to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Greenville is the company you choose to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services for different budgets.The company’s size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.55 | $14,895 | $7,187 | 16.9 years |
| 8 kW | $3.48 | $19,478 | $9,964 | 16.5 years |
| 10 kW | $3.41 | $23,870 | $12,933 | 16.2 years |
| 12 kW | $3.34 | $28,071 | $16,092 | 15.9 years |
| 14 kW | $3.27 | $32,081 | $19,442 | 15.6 years |
| 16 kW | $3.21 | $35,900 | $22,984 | 15.2 years |
| 18 kW | $3.14 | $39,529 | $26,716 | 14.9 years |
| 20 kW | $3.07 | $42,966 | $30,639 | 14.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: The model of solar panel you want to get plays a role in which company you should go with, since different companies offer different panels.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Greenville, OH Solar Cost FAQs
How much does it cost to install solar panels in Greenville?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 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 higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Greenville?
Solar panels aren’t free in Greenville, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
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 the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs 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 buy 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.