Solar Panel Cost Guide in Clarksdale, MS (2024 Update)
- Clarksdale Solar Installation Cost: $18,805
- 25-Year Savings: $21,137
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Clarksdale
Find out how much it might cost to make the switch to solar in Clarksdale.
Although the national average of solar panels is $2.66 per watt, solar panels in Clarksdale typically cost about 3.Using this figure, a typical 8.6-kW system would cost about $18,805 before the 0 federal solar tax credit is applied.
The true price you pay can be above or below the average in Clarksdale depending on several factors, such as the model of solar panels you choose and the solar contractor you hire.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $16,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar company in Clarksdale that can help you get a more accurate cost estimate for your home.
Solar savings over time in Clarksdale
| Year | Return on Investment |
|---|---|
| 1 years | $-17,437 |
| 3 years | $-14,702 |
| 5 years | $-11,967 |
| 7 years | $-9,232 |
| 9 years | $-6,498 |
| 11 years | $-3,763 |
| 13 years | $-1,028 |
| 15 years | $1,707 |
| 17 years | $4,442 |
| 19 years | $7,177 |
| 21 years | $9,912 |
| 23 years | $12,647 |
| 25 years | $15,381 |
Top Solar Installers in Clarksdale
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with a solar company can make swapping over to solar power much easier. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you're searching for a solar company in Clarksdale, we've compiled a list of our top suggestions here:
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 Clarksdale
Factors that Affect Solar Panel Costs in Clarksdale
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Clarksdale: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Clarksdale, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by about $3,140 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Clarksdale, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you choose will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $12,196 | 13.2 years |
| 8 kW | $3.20 | $17,936 | $16,613 | 13.0 years |
| 10 kW | $3.14 | $21,980 | $21,206 | 12.7 years |
| 12 kW | $3.08 | $25,848 | $25,975 | 12.5 years |
| 14 kW | $3.01 | $29,541 | $30,920 | 12.2 years |
| 16 kW | $2.95 | $33,058 | $36,040 | 12.0 years |
| 18 kW | $2.89 | $36,399 | $41,336 | 11.7 years |
| 20 kW | $2.83 | $39,564 | $46,809 | 11.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Reputation: Well-established companies likely have a solid 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 service, such as part repairs and replacements.
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 Clarksdale, MS Solar Cost FAQs
How much does it cost to install solar panels in Clarksdale?
The average cost of solar panels in Clarksdale is about $15,700 for a 5-kW system and $31,400 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Clarksdale?
You can’t get solar panels for free in Clarksdale. 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’d rather own your solar panels, you can finance them with a solar loan.
Does Clarksdale have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can be compensated 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.