Solar Panel Cost Guide in Canton, MS (2023 Update)
- Canton Solar Installation Cost: $15,431
- 25-Year Savings: $23,682
- Payback Period: 9.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Canton
We go over average solar pricing in Canton.
In Canton, solar panels cost about 2.64 per watt on average. Using this figure, a typical 8.3-kW system would cost about $15,431 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what company you go with. For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Canton see about $18,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a personalized estimate.
Solar savings over time in Canton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,866 |
| 3 years | $-10,737 |
| 5 years | $-7,608 |
| 7 years | $-4,479 |
| 9 years | $-1,350 |
| 11 years | $1,779 |
| 13 years | $4,908 |
| 15 years | $8,037 |
| 17 years | $11,166 |
| 19 years | $14,295 |
| 21 years | $17,424 |
| 23 years | $20,553 |
| 25 years | $23,682 |
Top Solar Installers in Canton
Although it's possible to install solar panels yourself, it involves extra labor and expertise. That's one of the reasons the majority of homeowners choose a solar panel installer. The expertise that solar installers provide can be useful as well, particularly if you aren't sure what kind of solar equipment would be right for your home.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Canton
Factors that Affect Solar Panel Costs in Canton
The cost of installing a solar system in Canton can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Canton offer solar loans, which reduce your upfront costs of installing solar panels. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Canton, and each can charge different amounts for labor and equipment. You may see 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 promotions 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 | $16,579 | 10.3 years |
| 8 kW | $2.69 | $15,080 | $22,400 | 10.1 years |
| 10 kW | $2.64 | $18,480 | $28,370 | 9.9 years |
| 12 kW | $2.59 | $21,732 | $34,488 | 9.7 years |
| 14 kW | $2.53 | $24,837 | $40,753 | 9.5 years |
| 16 kW | $2.48 | $27,794 | $47,166 | 9.3 years |
| 18 kW | $2.43 | $30,603 | $53,727 | 9.1 years |
| 20 kW | $2.38 | $33,264 | $60,436 | 8.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: When making the switch to solar, it's essential to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: The brand of solar panel you want plays a part in which installer you should opt for, since different companies have access to different panels.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Canton, MS Solar Cost FAQs
What is the average cost of installing solar panels in Canton?
This is a tough question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Canton?
You can't get solar panels for free in Canton. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is making the switch to solar worth it?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Canton?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.