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.
The national average cost of solar panels is $2.66 per watt, but in Byram it’s 3 per watt.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.
These figures are just estimates, and your own solar costs will most likely differ based on factors unique to your home and what company you want to go with.For many homeowners, the upfront investment in solar panels is worth paying. On average Byram homeowners see about $17,000 in savings on utility bills over 20 years.
Click the button below to get connected to a reputable solar installer in your area for a customized quote.
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
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar panel installer can make switching to solar power much easier. Plus, if you’d like to maximize your investment in solar energy, using a solar company can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 go solar 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 various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,140. The brand of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You’ll also need to think about 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
Many homeowners find the average cost of solar in Byram to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.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 a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.The company’s size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and better 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 names.
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
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Solar Panel Brands: The model of solar panel you need to get plays a part in which installer you should opt for, since different companies have different panels.
- 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 you can expect about the installation process.
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?
This is a difficult question to answer exactly, because the cost depends on a variety of 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels 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 rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Byram?
The majority of states offer 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 electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Byram?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.