Solar Panel Cost Guide in Brandon, MS (2024 Update)
- Brandon Solar Installation Cost: $18,366
- 25-Year Savings: $22,968
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Brandon
Let’s have a look at the average cost of solar panels in Brandon.
In Brandon, solar panels cost about 3 per watt on average.The average Brandon homeowner needs a 8.4-kilowatt system, which would cost about $18,366 with the federal tax credit, or $26,263 before the 0 tax credit is applied.
These figures are just estimates, and your own solar costs will most likely vary based on your energy needs and what company you choose to go with.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Brandon can save around $17,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar installer in your area for a customized estimate.
Solar savings over time in Brandon
| Year | Return on Investment |
|---|---|
| 1 years | $-16,999 |
| 3 years | $-14,264 |
| 5 years | $-11,529 |
| 7 years | $-8,794 |
| 9 years | $-6,059 |
| 11 years | $-3,324 |
| 13 years | $-589 |
| 15 years | $2,146 |
| 17 years | $4,881 |
| 19 years | $7,615 |
| 21 years | $10,350 |
| 23 years | $13,085 |
| 25 years | $15,820 |
Top Solar Installers in Brandon
Putting up solar panels on your own can be a difficult task, which is why getting a solar installer is a good option for many homeowners. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Brandon
Factors that Affect Solar Panel Costs in Brandon
For many Brandon homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Brandon, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need 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 $3,140.There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Brandon homeowners opt to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also adds to your all-in costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Brandon, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.27 | $13,716 | $13,865 | 12.4 years |
| 8 kW | $3.20 | $17,936 | $18,838 | 12.2 years |
| 10 kW | $3.14 | $21,980 | $23,987 | 12.0 years |
| 12 kW | $3.08 | $25,848 | $29,312 | 11.7 years |
| 14 kW | $3.01 | $29,541 | $34,813 | 11.5 years |
| 16 kW | $2.95 | $33,058 | $40,489 | 11.2 years |
| 18 kW | $2.89 | $36,399 | $46,342 | 11.0 years |
| 20 kW | $2.83 | $39,564 | $52,370 | 10.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose greatly influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
EcoWatch's Brandon, MS Solar Cost FAQs
How much does it cost to install solar panels in Brandon?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $15,700 for a 5-kW system and $31,400 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 above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Brandon?
You can’t get solar panels for free in Brandon. However, you may still be able to afford 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.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Brandon is currently $275,592, which means you can expect a value of about $11,299 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Brandon is a worthwhile investment.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.