Solar Panel Cost Guide in Vicksburg, MI (2023 Update)
- Vicksburg Solar Installation Cost: $11,986
- 25-Year Savings: $19,756
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Vicksburg
See how much it might cost to install solar panels in Vicksburg.
Although the national average of solar panels is $2.66 per watt, solar panels in Vicksburg generally cost around 2.81. The average solar panel system size in Vicksburg is around 6.1 kilowatts, meaning a cost of about $11,979 for a solar installation, or $17,130 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of installing solar panels can vary quite a bit depending on several factors, such as what size system you need, your energy usage and what solar installer you go with. With average savings of about $20,000 on utility bills over 20 years, many homeowners in Vicksburg find installing solar panels can pay off big.
Click the button below to get connected to a vetted solar panel company in your area for a customized estimate.
Solar savings over time in Vicksburg
| Year | Return on Investment |
|---|---|
| 1 years | $-11,880 |
| 3 years | $-11,669 |
| 5 years | $-11,457 |
| 7 years | $-11,246 |
| 9 years | $-11,034 |
| 11 years | $-10,822 |
| 13 years | $-10,611 |
| 15 years | $-10,399 |
| 17 years | $-10,188 |
| 19 years | $-9,976 |
| 21 years | $-9,764 |
| 23 years | $-9,553 |
| 25 years | $-9,341 |
Top Solar Installers in Vicksburg
When going solar, many homeowners choose to hire a solar company since overseeing your solar installation yourself can be a time-consuming project. The expertise that solar companies provide can be valuable as well, particularly if you aren't sure what type of solar equipment would be right for your home.
If you're on the hunt for a solar company in Vicksburg, the EcoWatch team has compiled a list of our top suggestions here:
Solar Veteran
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- Outstanding customer service
- Representatives are experts on local policies
- Educational, no-pressure sales approach
- Limited warranty coverage
- No leases or PPAs
- Limited brands of solar equipment available
See all of the solar companies in Vicksburg
Factors that Affect Solar Panel Costs in Vicksburg
There are many 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 installs your solar system.
Solar Equipment
When it comes to estimating the cost of solar panels in Vicksburg, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by about $2,810 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Vicksburg, where sunlight isn't as 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Vicksburg, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. Even though solar loans make going solar more accessible for Vicksburg homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Vicksburg, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.92 | $12,274 | $18,979 | 9.8 years |
| 8 kW | $2.87 | $16,051 | $25,621 | 9.6 years |
| 10 kW | $2.81 | $19,670 | $32,419 | 9.4 years |
| 12 kW | $2.75 | $23,132 | $39,375 | 9.3 years |
| 14 kW | $2.70 | $26,436 | $46,488 | 9.1 years |
| 16 kW | $2.64 | $29,584 | $53,759 | 8.9 years |
| 18 kW | $2.59 | $32,574 | $61,187 | 8.7 years |
| 20 kW | $2.53 | $35,406 | $68,773 | 8.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: Get detailed information 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.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one sign of a quality company.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
Solar Veteran
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- Outstanding customer service
- Representatives are experts on local policies
- Educational, no-pressure sales approach
- Limited warranty coverage
- No leases or PPAs
- Limited brands of solar equipment available
EcoWatch's Vicksburg, MI Solar Cost FAQs
How much does it cost to install solar panels in Vicksburg?
The average cost of solar panels in Vicksburg is about $14,050 for a 5-kW system and $28,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Vicksburg, that will require at least a 10-kW system. Not all homes 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 needs and the average daily 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 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.