Solar Panel Cost Guide in Brandon, MS (2023 Update)
- Brandon Solar Installation Cost: $15,449
- 25-Year Savings: $22,960
- Payback Period: 10.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Brandon
Find out what the average cost of solar panels are in Brandon.
The national average cost of solar panels is $2.66 per watt, but in Brandon it's 2.64 per watt. Using this figure, a typical 8.4-kW system would cost about $15,449 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Brandon homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Even with the large upfront cost, the average Brandon homeowner can save about $17,000 on their power bills over 20 years, which is one of the benefits of solar.
To receive a free estimate from a pre-vetted solar company in Brandon, you can click the button below.
Solar savings over time in Brandon
| Year | Return on Investment |
|---|---|
| 1 years | $-13,913 |
| 3 years | $-10,840 |
| 5 years | $-7,767 |
| 7 years | $-4,695 |
| 9 years | $-1,622 |
| 11 years | $1,451 |
| 13 years | $4,524 |
| 15 years | $7,596 |
| 17 years | $10,669 |
| 19 years | $13,742 |
| 21 years | $16,814 |
| 23 years | $19,887 |
| 25 years | $22,960 |
Top Solar Installers in Brandon
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using a solar company can make your swap to solar power much easier. Companies can also offer access to a large variety of the best solar panels and help you pick which one will be best for your family.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Brandon:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Brandon
Factors that Affect Solar Panel Costs in Brandon
Even though the average cost of a solar system in Brandon is $15,449, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,640. The brand and kind 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 have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Brandon homeowners opt to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating in Brandon, and each can charge different amounts for labor and equipment. Additionally, some companies in Brandon have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $2.75 | $11,532 | $16,049 | 10.5 years |
| 8 kW | $2.69 | $15,080 | $21,694 | 10.3 years |
| 10 kW | $2.64 | $18,480 | $27,487 | 10.1 years |
| 12 kW | $2.59 | $21,732 | $33,428 | 9.8 years |
| 14 kW | $2.53 | $24,837 | $39,517 | 9.6 years |
| 16 kW | $2.48 | $27,794 | $45,753 | 9.4 years |
| 18 kW | $2.43 | $30,603 | $52,138 | 9.2 years |
| 20 kW | $2.38 | $33,264 | $58,670 | 9.0 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 decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Contract: Before signing a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Brandon, MS Solar Cost FAQs
What is the average cost of installing solar panels in Brandon?
The average cost of solar panels in Brandon is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Brandon?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Does Brandon have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.