Solar Panel Cost Guide in Greenville, PA (2023 Update)
- Greenville Solar Installation Cost: $12,566
- 25-Year Savings: $16,084
- Payback Period: 11.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Greenville
Find out what the average cost of installing solar panels is in Greenville.
While the national average of solar panels is $2.66 per watt, solar panels in Greenville generally cost around 2.55. To cover the typical energy usage of the average home in Greenville, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,566, or $17,969 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Greenville see about $15,000 in savings on utility bills over 20 years.
Click the button below to get connected to a highly rated solar company in Greenville for a customized quote.
Solar savings over time in Greenville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,420 |
| 3 years | $-9,128 |
| 5 years | $-6,836 |
| 7 years | $-4,544 |
| 9 years | $-2,252 |
| 11 years | $40 |
| 13 years | $2,332 |
| 15 years | $4,624 |
| 17 years | $6,916 |
| 19 years | $9,208 |
| 21 years | $11,500 |
| 23 years | $13,792 |
| 25 years | $16,084 |
Top Solar Installers in Greenville
Although it's possible to install solar panels yourself, it requires extra labor and handiness. For that reason, most people choose to go with a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you'd like to start using solar energy but still aren't certain which solar installer to go with, here are our recommendations for providers near you:
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 Greenville
Factors that Affect Solar Panel Costs in Greenville
For many Greenville homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Greenville, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar 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 largely based on your home's energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by about $2,550 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can raise or lower 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 extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Greenville homeowners choose to finance their solar panel systems to offset upfront costs. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you choose will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Greenville have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $2.65 | $11,138 | $13,267 | 11.4 years |
| 8 kW | $2.60 | $14,566 | $17,975 | 11.2 years |
| 10 kW | $2.55 | $17,850 | $22,826 | 11.0 years |
| 12 kW | $2.50 | $20,992 | $27,819 | 10.8 years |
| 14 kW | $2.45 | $23,990 | $32,956 | 10.5 years |
| 16 kW | $2.40 | $26,846 | $38,235 | 10.3 years |
| 18 kW | $2.35 | $29,560 | $43,657 | 10.1 years |
| 20 kW | $2.29 | $32,130 | $49,221 | 9.9 years |
How to Save on Solar Panels
There are a lot of companies available in Greenville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
- 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 substantial role in the company you go with.
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
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 Greenville, PA Solar Cost FAQs
What is the average cost of installing solar panels in Greenville?
The average cost of solar panels in Greenville 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Greenville?
You can't get solar panels for free in Greenville. However, you may still be able to get 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.
How will solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Greenville is currently $109,300, which means you can expect a value of about $4,481 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Greenville is a worthwhile investment.
How long do solar panels last in Greenville?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can 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.