Solar Panel Cost Guide in Greer, SC (2024 Update)
- Greer Solar Installation Cost: $19,505
- 25-Year Savings: $29,848
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Greer
Find out how much it might cost to go solar in Greer.
The average cost of a solar system in Greer is 3 per watt.Because 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 $19,505 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of equipment you want to get, your solar contractor and more.Many homeowners find going solar is a sound investment. The average homeowner in Greer can save around $21,000 on their power bills over 20 years.
To get a free quote from a top solar company in Greer, you can click the button below.
Solar savings over time in Greer
| Year | Return on Investment |
|---|---|
| 1 years | $-18,020 |
| 3 years | $-15,050 |
| 5 years | $-12,079 |
| 7 years | $-9,109 |
| 9 years | $-6,138 |
| 11 years | $-3,168 |
| 13 years | $-197 |
| 15 years | $2,774 |
| 17 years | $5,744 |
| 19 years | $8,715 |
| 21 years | $11,685 |
| 23 years | $14,656 |
| 25 years | $17,626 |
Top Solar Installers in Greer
When going solar, many homeowners choose to go with a solar company since DIY solar panel installation can be a difficult project. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be right for your family.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Greer
Factors that Affect Solar Panel Costs in Greer
Cost is usually one of the most important factors for homeowners wanting to invest 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 go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Greer, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Greer, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Greer, and each can charge different amounts for labor and equipment.Additionally, some companies in Greer have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $3.59 | $15,070 | $18,528 | 11.2 years |
| 8 kW | $3.52 | $19,706 | $25,090 | 11.0 years |
| 10 kW | $3.45 | $24,150 | $31,845 | 10.8 years |
| 12 kW | $3.38 | $28,400 | $38,794 | 10.6 years |
| 14 kW | $3.31 | $32,458 | $45,936 | 10.4 years |
| 16 kW | $3.24 | $36,322 | $53,271 | 10.1 years |
| 18 kW | $3.17 | $39,992 | $60,799 | 9.9 years |
| 20 kW | $3.11 | $43,470 | $68,521 | 9.7 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. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Greer, SC Solar Cost FAQs
What is the average cost of installing solar panels in Greer?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $17,250 for a 5-kW system and $34,500 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Greer?
You can’t get solar panels for free in Greer. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,119.91 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption 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 cover 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.