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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Average Cost of Solar Panels in Greenville
Find out how much it might cost to go solar in Greenville.
The average cost of solar panels in Greenville is 4 per watt.Because a 7.3-kW system is needed to cover the energy usage of a typical home in Greenville, the average price of going solar will be about $19,712 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Greenville homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $20,000 over 20 years on energy bills.
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 | $-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
When switching to solar energy, many homeowners opt to hire a solar company since installing solar panels yourself can be a challenging project. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over the lifespan of your panels.
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 in Greenville:
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
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Greenville: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Greenville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by around $3,880 for each additional kilowatt you need.The brand of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Greenville offer solar loans, which reduce the initial cost of installing solar.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 lot of companies to choose from in Greenville, 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: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- 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 difficult 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, 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 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.
How much can I save on power bills after switching to solar?
It is possible to erase 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 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.
How many solar panels should I get to power 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 get between 20 and 35 panels to account for 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.