Solar Panel Cost Guide in Greer, SC (2023 Update)
- Greer Solar Installation Cost: $15,378
- 25-Year Savings: $29,848
- Payback Period: 8.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Greer
See how much it might cost to go solar in Greer.
In Greer, solar panels cost about 2.72 per watt on average. The average solar panel system size in Greer is around 8.1 kilowatts, meaning a cost of about $15,384 for a solar installation, or $21,999 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more. Even with the significant initial cost, the average Greer homeowner can save around $21,000 on their power bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a highly rated solar company in your area for a customized estimate.
Solar savings over time in Greer
| Year | Return on Investment |
|---|---|
| 1 years | $-15,227 |
| 3 years | $-14,926 |
| 5 years | $-14,624 |
| 7 years | $-14,323 |
| 9 years | $-14,021 |
| 11 years | $-13,720 |
| 13 years | $-13,418 |
| 15 years | $-13,117 |
| 17 years | $-12,815 |
| 19 years | $-12,514 |
| 21 years | $-12,212 |
| 23 years | $-11,911 |
| 25 years | $-11,609 |
Top Solar Installers in Greer
When making the switch to solar, many homeowners choose to use a solar company since putting up solar panels yourself can be a time-consuming project. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Greer:
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
There are a number of factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,720 per kilowatt in Greer. There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far 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 time, but they can also be a significant investment. That's why many Greer homeowners decide to finance their solar panel systems to offset upfront costs. Although solar loans make switching to solar energy 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 avoid paying as much in interest.
Solar Panel Installation Company
The solar company you pick will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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
There are numerous companies to choose from in Greer, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely provide quality solar panel installation and expertise.
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: The model of solar panel you want to get plays a part in which installer you should go with, since different companies have access to different panels.
- Warranty: If you care about the durability of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
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
What is the average cost of installing solar panels in Greer?
The average cost of solar panels in Greer is about $13,600 for a 5-kW system and $27,200 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Greer?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.