Solar Panel Cost Guide in Greenville, WI (2024 Update)
- Greenville Solar Installation Cost: $19,712
- 25-Year Savings: $25,371
- Payback Period: 12.8 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Greenville
Find out how much it might cost to go solar in Greenville.
In Greenville, solar panels cost about 4 per watt on average.The average Greenville homeowner needs a 7.3-kilowatt system, which would cost about $19,712 with the federal tax credit, or $28,188 before the 0 tax credit is applied.
These figures are just averages, and your own solar costs may vary based on factors unique to your home and what company you go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $20,000 over 20 years on utility bills.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Greenville
Year | Return on Investment |
---|---|
1 years | $-18,416 |
3 years | $-15,825 |
5 years | $-13,234 |
7 years | $-10,643 |
9 years | $-8,052 |
11 years | $-5,461 |
13 years | $-2,870 |
15 years | $-279 |
17 years | $2,312 |
19 years | $4,903 |
21 years | $7,494 |
23 years | $10,085 |
25 years | $12,676 |
Top Solar Installers in Greenville
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar panel installer can make switching to solar power much easier. Another great thing about using a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
If you’d like to switch to solar energy but still aren’t certain which solar panel company to go with, here are our recommendations for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Greenville
Factors that Affect Solar Panel Costs in Greenville
There are a number of criteria that can determine your solar system 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
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The model of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Greenville homeowners opt to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your overall costs, so it’s important to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installation company you select will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $4.04 | $16,948 | $14,947 | 13.3 years |
8 kW | $3.96 | $22,163 | $20,363 | 13.0 years |
10 kW | $3.88 | $27,160 | $25,998 | 12.8 years |
12 kW | $3.80 | $31,940 | $31,849 | 12.5 years |
14 kW | $3.72 | $36,503 | $37,918 | 12.3 years |
16 kW | $3.65 | $40,849 | $44,203 | 12.0 years |
18 kW | $3.57 | $44,977 | $50,707 | 11.8 years |
20 kW | $3.49 | $48,888 | $57,427 | 11.5 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Greenville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Greenville, WI 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. Generally speaking, it costs about $19,400 for a 5-kW system and $38,800 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
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’d prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Greenville, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.