Solar Panel Cost Guide in Greenville, TX (2024 Update)

  • Greenville Solar Installation Cost: $18,128
  • 25-Year Savings: $25,436
  • Payback Period: 11.3 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Greenville

Find out what the average cost of installing solar panels is in Greenville.

The national average cost of solar panels is $2.66 per watt, but in Greenville it’s 3 per watt.The average Greenville homeowner needs a 7.8-kilowatt system, which would cost about $18,128 with the federal tax credit, or $25,923 before the 0 tax credit is applied.

These figures are only estimates, and the cost of going solar for you may differ based on factors unique to your home and what company you choose to go with.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Greenville can save about $20,000 on their power bills over 20 years.

To calculate your potential ROI and connect with a local solar installer, click the button below.

Solar savings over time in Greenville

Year Return on Investment
1 years $-16,355
3 years $-12,810
5 years $-9,264
7 years $-5,718
9 years $-2,172
11 years $1,373
13 years $4,919
15 years $8,465
17 years $12,011
19 years $15,556
21 years $19,102
23 years $22,648
25 years $26,194

Top Solar Installers in Greenville

Although it's possible to install solar panels by yourself, it requires extra labor and knowledge. That's one of the reasons most people choose to go with a solar panel installer. Another good thing about going with a top solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.

If you're searching for a solar company in Greenville, the EcoWatch team has organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • 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

There are a number of factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.

Solar Equipment

One of the most significant 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 electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,330 per kilowatt in Greenville.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Greenville, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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

Many homeowners find the average cost of solar in Greenville to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.However, the interest on solar loans also adds to your all-in costs, so it’s vital to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.

Solar Panel Installation Company

Finally, the company you hire to install your solar panels can play a role in determining how much it costs. Greenville’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Greenville know more about local solar incentives and can help you learn about 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 $3.46 $14,545 $16,377 11.8 years
8 kW $3.40 $19,021 $22,208 11.5 years
10 kW $3.33 $23,310 $28,227 11.3 years
12 kW $3.26 $27,413 $34,431 11.1 years
14 kW $3.20 $31,329 $40,823 10.9 years
16 kW $3.13 $35,058 $47,400 10.6 years
18 kW $3.06 $38,601 $54,164 10.4 years
20 kW $3.00 $41,958 $61,115 10.2 years

How to Save on Solar Panels

There are numerous companies available in Greenville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:

  • Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of 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 past customers.
  • Installation Process: When making the switch to solar power, it’s essential to keep an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.
  • Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Greenville, TX Solar Cost FAQs

How much does it cost to install solar panels in Greenville?

This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.

Should I lease or buy solar panels in Greenville?

Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.

Is going solar worth it?

Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.

How long do solar panels last in Greenville?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.

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