Solar Panel Cost Guide in Biloxi, MS (Mar 2023)
- Biloxi Solar Installation Cost: $14,802
- 25-Year Savings: $30,583
- Payback Period: 8.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Biloxi
Let's take a look at the average cost of solar in Biloxi.
In Biloxi, solar panels cost about 2.64 per watt on average. To cover the typical energy needs of the average home in Biloxi, most homeowners require a 8.0-kilowatt system. Using the figure above, a solar installation costs around $14,802, or $21,167 before the federal solar tax credit of 30% is applied.
How much you pay can be higher or lower than the average in Biloxi based on several factors, such as the type of solar panels you choose and the solar contractor you hire. But, once you've paid the upfront cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $22,000 over 20 years on energy bills.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Biloxi
| Year | Return on Investment |
|---|---|
| 1 years | $-12,987 |
| 3 years | $-9,356 |
| 5 years | $-5,725 |
| 7 years | $-2,095 |
| 9 years | $1,536 |
| 11 years | $5,167 |
| 13 years | $8,798 |
| 15 years | $12,429 |
| 17 years | $16,060 |
| 19 years | $19,691 |
| 21 years | $23,321 |
| 23 years | $26,952 |
| 25 years | $30,583 |
Top Solar Installers in Biloxi
Although it's possible to install solar panels by yourself, it takes extra time and knowledge. For that reason, most people choose a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be best for your family.
If you'd like to make the switch to solar but still aren't certain which solar installer to go with, here are our recommendations for providers in Biloxi:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Biloxi
Factors that Affect Solar Panel Costs in Biloxi
For many Biloxi homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Biloxi, with typical prices between $20,000 to $40,000. There are a few factors that significantly 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. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Biloxi provide solar loans, which reduce your upfront costs of installing solar panels. Although solar loans make switching to solar energy more accessible for Biloxi homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installer you choose will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that offers the products, warranties and services you want and also fit into your budget.
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
The solar installer you choose will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which company you should opt for, since different companies provide different panels.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Biloxi, MS Solar Cost FAQs
How much does it cost to install solar panels in Biloxi?
This is a difficult question to answer exactly, because the cost depends on many 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 higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Biloxi?
You can't get solar panels for free in Biloxi. 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 rather own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,133.49 per year.
How long do solar panels last in Biloxi?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.