Solar Panel Cost Guide in Greenwood, PA (2024 Update)
- Greenwood Solar Installation Cost: $17,182
- 25-Year Savings: $18,731
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Greenwood
Find out what the average cost of solar panels are in Greenwood.
The average cost of solar panels in Greenwood is 4 per watt.Using this figure, a typical 6.9-kW system would cost about $17,182 before the 0 federal solar tax credit is applied.
These figures are only averages, and your own solar costs may look different based on factors unique to your home and what company you go with.For many homeowners, the upfront cost of solar is worth paying. On average Greenwood homeowners see about $17,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Greenwood for a quote for your home.
Solar savings over time in Greenwood
| Year | Return on Investment |
|---|---|
| 1 years | $-15,704 |
| 3 years | $-12,749 |
| 5 years | $-9,794 |
| 7 years | $-6,839 |
| 9 years | $-3,884 |
| 11 years | $-929 |
| 13 years | $2,025 |
| 15 years | $4,980 |
| 17 years | $7,935 |
| 19 years | $10,890 |
| 21 years | $13,845 |
| 23 years | $16,800 |
| 25 years | $19,755 |
Top Solar Installers in Greenwood
When switching to solar energy, many homeowners decide to go with a solar company since DIY solar panel installation can be a difficult project. Another great thing about choosing a top solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Greenwood
Factors that Affect Solar Panel Costs in Greenwood
For many Greenwood homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Greenwood, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Greenwood, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Greenwood, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Greenwood know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $3.69 | $15,506 | $11,458 | 14.4 years |
| 8 kW | $3.62 | $20,278 | $15,674 | 14.1 years |
| 10 kW | $3.55 | $24,850 | $20,090 | 13.8 years |
| 12 kW | $3.48 | $29,224 | $24,704 | 13.5 years |
| 14 kW | $3.41 | $33,398 | $29,518 | 13.3 years |
| 16 kW | $3.34 | $37,374 | $34,530 | 13.0 years |
| 18 kW | $3.27 | $41,152 | $39,741 | 12.7 years |
| 20 kW | $3.19 | $44,730 | $45,150 | 12.4 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Contract: Review the contract terms thoroughly to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Greenwood, PA Solar Cost FAQs
How much does it cost to install solar panels in Greenwood?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Greenwood, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a 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.