Solar Panel Cost Guide in Brookhaven, MS (2023 Update)
- Brookhaven Solar Installation Cost: $15,387
- 25-Year Savings: $25,708
- Payback Period: 9.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Brookhaven
Let's have a look at the average cost of solar in Brookhaven.
While the national average of solar panels is $2.66 per watt, solar panels in Brookhaven generally cost around 2.64. The average Brookhaven homeowner needs a 8.3-kilowatt system, which would cost about $15,394 with the federal tax credit, or $22,013 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Brookhaven homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar is worth paying. On average Brookhaven homeowners see about $19,000 in savings on utility bills over 20 years.
To receive a free quote from a vetted solar installation company in Brookhaven, you can click the button below.
Solar savings over time in Brookhaven
| Year | Return on Investment |
|---|---|
| 1 years | $-15,250 |
| 3 years | $-14,976 |
| 5 years | $-14,702 |
| 7 years | $-14,429 |
| 9 years | $-14,155 |
| 11 years | $-13,881 |
| 13 years | $-13,607 |
| 15 years | $-13,333 |
| 17 years | $-13,059 |
| 19 years | $-12,785 |
| 21 years | $-12,511 |
| 23 years | $-12,237 |
| 25 years | $-11,963 |
Top Solar Installers in Brookhaven
Although it's possible to install solar panels on your own, it involves extra energy and expertise. That's one of the reasons most homeowners choose to go with a solar panel installer. Some solar companies, especially local ones, can help you take advantage of incentives in Brookhaven, optimizing your ROI.
If you're looking for a solar company in Brookhaven, we've put together a list of our top suggestions here:
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 Brookhaven
Factors that Affect Solar Panel Costs in Brookhaven
Even though the average cost of a solar system in Brookhaven is $15,394, your final cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $2,640 per kilowatt in Brookhaven. The kind of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of 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 looking for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Brookhaven homeowners choose to finance their solar panel systems to make paying for solar more affordable. Although solar loans make switching to solar energy more accessible for Brookhaven homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Brookhaven, and each can charge varying amounts for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, 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 solar installer you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, such as:
- Solar Panel Brands: The kind of solar panel you'd like to install plays a role in which company you should opt for, since different companies have access to different panels.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
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 Brookhaven, MS Solar Cost FAQs
How much does it cost to install solar panels in Brookhaven?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly 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 opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Brookhaven is currently $103,700, which means you could be looking at a value of about $4,252 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Brookhaven is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.