Solar Panel Cost Guide in Biloxi, MS (2023 Update)
- Biloxi Solar Installation Cost: $14,799
- 25-Year Savings: $30,587
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Biloxi
Find out what the average cost of solar panels are in Biloxi.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Biloxi, the average cost of solar panels is 2.64 per watt. The average solar panel system size in Biloxi is around 8.0 kilowatts, meaning a cost of about $14,802 for a solar installation, or $21,167 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you may differ based on factors unique to your home and what company you choose to go with. But, after you've paid the initial cost of installation, the savings for most homeowners is usually good, with a net average savings of about $22,000 over 20 years on utility bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Biloxi
| Year | Return on Investment |
|---|---|
| 1 years | $-12,971 |
| 3 years | $-9,315 |
| 5 years | $-5,659 |
| 7 years | $-2,003 |
| 9 years | $1,654 |
| 11 years | $5,310 |
| 13 years | $8,966 |
| 15 years | $12,622 |
| 17 years | $16,278 |
| 19 years | $19,934 |
| 21 years | $23,590 |
| 23 years | $27,246 |
| 25 years | $30,902 |
Top Solar Installers in Biloxi
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Hiring an installer can make swapping over to solar power much easier. Also, companies with a high reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Biloxi
Factors that Affect Solar Panel Costs in Biloxi
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Biloxi: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,640. The type of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Biloxi homeowners opt to finance their solar panel systems to make going solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Biloxi is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services at different price points. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.75 | $11,532 | $22,473 | 8.5 years |
| 8 kW | $2.69 | $15,080 | $30,260 | 8.3 years |
| 10 kW | $2.64 | $18,480 | $38,195 | 8.2 years |
| 12 kW | $2.59 | $21,732 | $46,277 | 8.0 years |
| 14 kW | $2.53 | $24,837 | $54,507 | 7.8 years |
| 16 kW | $2.48 | $27,794 | $62,886 | 7.7 years |
| 18 kW | $2.43 | $30,603 | $71,412 | 7.5 years |
| 20 kW | $2.38 | $33,264 | $80,085 | 7.3 years |
How to Save on Solar Panels
There are many companies available in Biloxi, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Different companies offer different brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Biloxi, MS Solar Cost FAQs
How much does it cost to install solar panels in Biloxi?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,200 for a 5-kW system and $26,400 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Biloxi?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Is it worth going solar in Biloxi?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using 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.