Solar Panel Cost Guide in Carthage, MS (Dec 2022)

  • Carthage Solar Installation Cost: $15,523
  • 25-Year Savings: $24,734
  • Payback Period: 9.6 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Carthage

Let's have a look at the average cost of solar panels in Carthage.

In Carthage, solar panels cost about $3 per watt on average. The average solar panel system size in Carthage is around 8.4 kilowatts, meaning a cost of about $15,523 for a solar installation, or $11,487 after the 30% federal solar tax credit is applied.

These figures are just estimates, and how much solar costs for you will most likely look different based on the amount of energy your home requires and what company you want to go with. Despite the high upfront cost, the average Carthage homeowner can save around $18,000 on their energy bills over 20 years, which is one of the benefits of solar.

For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Carthage

Year Return on Investment
1 years $-13,913
3 years $-10,692
5 years $-7,472
7 years $-4,251
9 years $-1,031
11 years $2,190
13 years $5,410
15 years $8,631
17 years $11,852
19 years $15,072
21 years $18,293
23 years $21,513
25 years $24,734

Top Solar Installers in Carthage

Although you can install solar panels on your own, it takes extra energy and handiness. Because of that, the majority of homeowners choose to go with a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.

There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Carthage

Factors that Affect Solar Panel Costs in Carthage

For many Carthage homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Carthage, 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

When it comes to estimating the cost of a solar panel system in Carthage, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by about $2,640 for each additional kilowatt you need. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Carthage average.

Solar Financing Terms

Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Carthage homeowners choose to finance their solar panel systems to make going solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Carthage is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for instance, you'll have many options for solar installers that provide a range of services for different budgets. Additionally, some companies in Carthage have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.

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 $17,220 10.0 years
8 kW $2.69 $15,080 $23,256 9.8 years
10 kW $2.64 $18,480 $29,439 9.6 years
12 kW $2.59 $21,732 $35,770 9.4 years
14 kW $2.53 $24,837 $42,249 9.3 years
16 kW $2.48 $27,794 $48,876 9.1 years
18 kW $2.43 $30,603 $55,651 8.9 years
20 kW $2.38 $33,264 $62,574 8.7 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
  • Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • 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 access to the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
  • Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • 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

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Carthage, MS Solar Cost FAQs

What is the average cost of installing solar panels in Carthage?

The average cost of solar panels in Carthage is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Carthage?

Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.

How will solar panels impact how much my home is worth?

Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."

How long do solar panels last in Carthage?

On average, solar panels can last 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.

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