Solar Panel Cost Guide in Brookhaven, MS (2023 Update)
- Brookhaven Solar Installation Cost: $15,394
- 25-Year Savings: $25,701
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Brookhaven
Let's take a look at the average cost of solar in Brookhaven.
In Brookhaven, solar panels cost about 2.64 per watt on average. Using this figure, a typical 8.3-kW system would cost about $15,394 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of solar panels you want, your solar contractor and more. Despite the significant upfront cost, the average Brookhaven homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the perks of solar.
To receive a free quote from a vetted solar company in Brookhaven, you can click the button below.
Solar savings over time in Brookhaven
| Year | Return on Investment |
|---|---|
| 1 years | $-13,750 |
| 3 years | $-10,462 |
| 5 years | $-7,175 |
| 7 years | $-3,887 |
| 9 years | $-600 |
| 11 years | $2,688 |
| 13 years | $5,976 |
| 15 years | $9,263 |
| 17 years | $12,551 |
| 19 years | $15,838 |
| 21 years | $19,126 |
| 23 years | $22,414 |
| 25 years | $25,701 |
Top Solar Installers in Brookhaven
Putting up solar panels yourself can be a time-consuming task, which is why using a solar installation company is a good option for many homeowners. Some solar installers, particularly local ones, can help you better understand incentives in Brookhaven, optimizing your ROI.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 Brookhaven
Factors that Affect Solar Panel Costs in Brookhaven
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Brookhaven: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,640. There are a lot of different solar panel brands and the one you choose also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you're looking to install 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
If paying for a solar system out of pocket is difficult, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will influence your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, 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 | $2.75 | $11,532 | $18,081 | 9.7 years |
| 8 kW | $2.69 | $15,080 | $24,404 | 9.5 years |
| 10 kW | $2.64 | $18,480 | $30,874 | 9.4 years |
| 12 kW | $2.59 | $21,732 | $37,492 | 9.2 years |
| 14 kW | $2.53 | $24,837 | $44,259 | 9.0 years |
| 16 kW | $2.48 | $27,794 | $51,173 | 8.8 years |
| 18 kW | $2.43 | $30,603 | $58,234 | 8.6 years |
| 20 kW | $2.38 | $33,264 | $65,444 | 8.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Reputation: Your solar installer should have a good reputation as a company and have proven 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 positive reviews from past customers.
- Solar Panel Brands: The kind of solar panel you'd like to install plays a role in which installer you should opt for, since different companies offer different panels.
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 Brookhaven, MS Solar Cost FAQs
How much does it cost to install solar panels in Brookhaven?
This is a hard question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Brookhaven?
A solar panel system isn't free in Brookhaven, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Brookhaven have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future electricity 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?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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.