Solar Panel Cost Guide in Greer, SC (2023 Update)
- Greer Solar Installation Cost: $15,384
- 25-Year Savings: $29,842
- Payback Period: 8.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Greer
Find out what the average cost of solar panels are in Greer.
The national average cost of solar panels is $2.66 per watt, but in Greer it's 2.72 per watt. Since a 8.1-kW system is needed to cover the energy needs of a typical home in Greer, the average price of going solar will be about $15,384 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. With average savings of about $21,000 on electricity bills over 20 years, many homeowners in Greer find investing in solar can be quite rewarding.
To get a free estimate from a vetted solar company in Greer, you can click the button below.
Solar savings over time in Greer
| Year | Return on Investment |
|---|---|
| 1 years | $-13,575 |
| 3 years | $-9,957 |
| 5 years | $-6,339 |
| 7 years | $-2,721 |
| 9 years | $897 |
| 11 years | $4,515 |
| 13 years | $8,133 |
| 15 years | $11,752 |
| 17 years | $15,370 |
| 19 years | $18,988 |
| 21 years | $22,606 |
| 23 years | $26,224 |
| 25 years | $29,842 |
Top Solar Installers in Greer
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make switching to solar power much easier. Companies can also have access to quality options of the best solar panels and help you choose which one will be best for you.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Greer
Factors that Affect Solar Panel Costs in Greer
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Greer: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar system in Greer, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $2,720 for each additional kilowatt you need. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Greer average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Greer homeowners decide to finance their solar panel systems to make paying for solar more affordable. Although solar loans make going solar more accessible for Greer homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.83 | $11,881 | $21,716 | 8.8 years |
| 8 kW | $2.77 | $15,537 | $29,260 | 8.7 years |
| 10 kW | $2.72 | $19,040 | $36,955 | 8.5 years |
| 12 kW | $2.67 | $22,391 | $44,803 | 8.3 years |
| 14 kW | $2.61 | $25,590 | $52,804 | 8.2 years |
| 16 kW | $2.56 | $28,636 | $60,956 | 8.0 years |
| 18 kW | $2.50 | $31,530 | $69,261 | 7.8 years |
| 20 kW | $2.45 | $34,272 | $77,719 | 7.7 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Greer, SC Solar Cost FAQs
How much does it cost to install solar panels in Greer?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $13,600 for a 5-kW system and $27,200 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Greer?
You can't get solar panels for free in Greer. However, you may still be able to afford 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.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Greer?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.