Solar Panel Cost Guide in Clarksdale, MS (2023 Update)
- Clarksdale Solar Installation Cost: $15,810
- 25-Year Savings: $21,137
- Payback Period: 10.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Clarksdale
See how much it might cost to install solar panels in Clarksdale.
The national average cost of solar panels is $2.66 per watt, but in Clarksdale it's 2.64 per watt. Because a 8.6-kW system is needed to cover the energy consumption of a typical home in Clarksdale, the average price of going solar will be about $15,819 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what company you go with. For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $16,000 in savings on utility bills over 20 years.
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 Clarksdale
| Year | Return on Investment |
|---|---|
| 1 years | $-14,443 |
| 3 years | $-11,708 |
| 5 years | $-8,973 |
| 7 years | $-6,238 |
| 9 years | $-3,503 |
| 11 years | $-768 |
| 13 years | $1,967 |
| 15 years | $4,701 |
| 17 years | $7,436 |
| 19 years | $10,171 |
| 21 years | $12,906 |
| 23 years | $15,641 |
| 25 years | $18,376 |
Top Solar Installers in Clarksdale
When going solar, many homeowners decide to go with a solar installer since overseeing your solar installation yourself can be a challenging project. Companies can also have access to quality options of the best solar panels and help you decide which one will be best for you.
There are several licensed solar professionals that can help you install your solar system. 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 Clarksdale
Factors that Affect Solar Panel Costs in Clarksdale
There are many criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,640. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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 in the long run on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Clarksdale average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also increases your all-in costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Clarksdale, and each can charge different amounts for labor and 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
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. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: If you're worried about the durability of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
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
What is the average cost of installing solar panels in Clarksdale?
The average cost of solar panels in Clarksdale 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Clarksdale?
Solar panels aren't free in Clarksdale, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 buy 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.