Solar Panel Cost Guide in Clarksdale, MS (Mar 2023)
- Clarksdale Solar Installation Cost: $15,819
- 25-Year Savings: $21,128
- Payback Period: 10.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Clarksdale
We go over average solar pricing in Clarksdale.
In Clarksdale, solar panels cost about 2.64 per watt on average. The average solar panel system size in Clarksdale is around 8.6 kilowatts, meaning a cost of about $15,819 for a solar installation, or $22,621 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Clarksdale homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing a solar system is a sound investment. The average homeowner in Clarksdale can save about $16,000 on their electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Clarksdale
| Year | Return on Investment |
|---|---|
| 1 years | $-14,341 |
| 3 years | $-11,385 |
| 5 years | $-8,429 |
| 7 years | $-5,474 |
| 9 years | $-2,518 |
| 11 years | $438 |
| 13 years | $3,394 |
| 15 years | $6,349 |
| 17 years | $9,305 |
| 19 years | $12,261 |
| 21 years | $15,217 |
| 23 years | $18,173 |
| 25 years | $21,128 |
Top Solar Installers in Clarksdale
Installing solar panels by yourself can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. The expertise that solar companies provide can be useful as well, especially if you don't quite know what brand of solar equipment you need.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Clarksdale
Factors that Affect Solar Panel Costs in Clarksdale
The cost of installing a solar system in Clarksdale can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $2,640 per kilowatt in Clarksdale. The brand of solar panels and equipment you want is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions 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 searching for a solar system that's in your budget.
Solar Financing Terms
Most solar companies in Clarksdale have solar loans, which reduce the initial cost of installing solar. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can influence how much it costs. Clarksdale's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $14,380 | 11.1 years |
| 8 kW | $2.69 | $15,080 | $19,469 | 10.9 years |
| 10 kW | $2.64 | $18,480 | $24,706 | 10.7 years |
| 12 kW | $2.59 | $21,732 | $30,091 | 10.5 years |
| 14 kW | $2.53 | $24,837 | $35,624 | 10.3 years |
| 16 kW | $2.48 | $27,794 | $41,304 | 10.1 years |
| 18 kW | $2.43 | $30,603 | $47,132 | 9.8 years |
| 20 kW | $2.38 | $33,264 | $53,109 | 9.6 years |
How to Save on Solar Panels
There are many companies to choose from in Clarksdale, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide quality solar panel installation and expertise.
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a good company.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Clarksdale, MS Solar Cost FAQs
What is the average cost of installing solar panels in Clarksdale?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $13,200 for a 5-kW system and $26,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How will installing solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Clarksdale is currently $71,957, which means you could be looking at a value of about $2,950 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Clarksdale is a fruitful investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.