Solar Panel Cost Guide in Byram, MS (2024 Update)
- Byram Solar Installation Cost: $18,275
- 25-Year Savings: $21,090
- Payback Period: 12.5 Years
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Average Cost of Solar Panels in Byram
We break down average solar pricing in Byram.
While the national average of solar panels is $2.66 per watt, solar panels in Byram typically cost about 3.The average solar panel system size in Byram is around 8.3 kilowatts, meaning a cost of about $18,275 for a solar installation, or $26,133 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Byram can save about $17,000 on their electricity bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Byram
| Year | Return on Investment |
|---|---|
| 1 years | $-16,908 |
| 3 years | $-14,173 |
| 5 years | $-11,438 |
| 7 years | $-8,703 |
| 9 years | $-5,968 |
| 11 years | $-3,233 |
| 13 years | $-498 |
| 15 years | $2,236 |
| 17 years | $4,971 |
| 19 years | $7,706 |
| 21 years | $10,441 |
| 23 years | $13,176 |
| 25 years | $15,911 |
Top Solar Installers in Byram
Although you can install solar panels on your own, it takes extra effort and expertise. Because of that, the majority of homeowners choose to go with a solar panel installer. Plus, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Byram:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Byram
Factors that Affect Solar Panel Costs in Byram
For many Byram homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Byram, with typical prices between $20,000 to $40,000. There are numerous 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 a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater 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 $3,140.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Byram, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Byram have solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also increases your all-in costs, so it’s important to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can affect your pricing. Byram’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion 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 | $12,592 | 13.0 years |
| 8 kW | $3.20 | $17,936 | $17,141 | 12.8 years |
| 10 kW | $3.14 | $21,980 | $21,865 | 12.5 years |
| 12 kW | $3.08 | $25,848 | $26,766 | 12.3 years |
| 14 kW | $3.01 | $29,541 | $31,843 | 12.0 years |
| 16 kW | $2.95 | $33,058 | $37,095 | 11.8 years |
| 18 kW | $2.89 | $36,399 | $42,523 | 11.5 years |
| 20 kW | $2.83 | $39,564 | $48,127 | 11.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Contract: Before signing a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Byram, MS Solar Cost FAQs
How much does it cost to install solar panels in Byram?
The average cost of solar panels in Byram is about $15,700 for a 5-kW system and $31,400 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Byram?
You can’t get solar panels for free in Byram. However, you may still be able to install 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.
Does Byram have a net metering program?
The majority of states have 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 utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.