Solar Panel Cost Guide in Corinth, MS (2024 Update)
- Corinth Solar Installation Cost: $19,209
- 25-Year Savings: $7,587
- Payback Period: 20.2 Years
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Average Cost of Solar Panels in Corinth
We go over average solar pricing in Corinth.
The national average cost of solar panels is $2.66 per watt, but in Corinth it’s 3 per watt.Since a 8.7-kW system is needed to cover the energy usage of a typical home in Corinth, the average price of going solar will be about $19,209 after claiming the federal solar tax credit of 0.
How much you pay can go higher or lower than the average in Corinth depending on a few factors, such as the kind of solar panels you choose and the solar installer you hire.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $11,000 over 20 years on power bills.
You can click the button below to get connected with a vetted solar company in Corinth that can help you get a more accurate cost estimate for your home.
Solar savings over time in Corinth
| Year | Return on Investment |
|---|---|
| 1 years | $-17,613 |
| 3 years | $-14,422 |
| 5 years | $-11,230 |
| 7 years | $-8,039 |
| 9 years | $-4,848 |
| 11 years | $-1,656 |
| 13 years | $1,535 |
| 15 years | $4,727 |
| 17 years | $7,918 |
| 19 years | $11,110 |
| 21 years | $14,301 |
| 23 years | $17,492 |
| 25 years | $20,684 |
Top Solar Installers in Corinth
Trying to install solar panels by yourself can be a stressful project, which is why getting a solar installer is a good option for many homeowners. Solar warranties and repairs are typically included in the cost of installation when you hire a solar contractor too, which can save you more money after your initial investment.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 Corinth
Factors that Affect Solar Panel Costs in Corinth
There are many criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,140 per kilowatt in Corinth.There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also be more expensive. 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
Most solar companies in Corinth provide solar loans, which reduce the initial cost of installing a solar system.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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installer you select will play a role in your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Corinth have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $3.27 | $13,716 | $2,581 | 21.0 years |
| 8 kW | $3.20 | $17,936 | $3,793 | 20.6 years |
| 10 kW | $3.14 | $21,980 | $5,181 | 20.2 years |
| 12 kW | $3.08 | $25,848 | $6,744 | 19.8 years |
| 14 kW | $3.01 | $29,541 | $8,484 | 19.4 years |
| 16 kW | $2.95 | $33,058 | $10,399 | 19.0 years |
| 18 kW | $2.89 | $36,399 | $12,491 | 18.6 years |
| 20 kW | $2.83 | $39,564 | $14,758 | 18.2 years |
How to Save on Solar Panels
There are numerous companies available in Corinth, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Before you sign a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- 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.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
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 Corinth, MS Solar Cost FAQs
What is the average cost of installing solar panels in Corinth?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $15,700 for a 5-kW system and $31,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Corinth?
You can’t get solar panels for free in Corinth. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Does Corinth have a net metering program?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates 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 usage and how much sunlight your roof gets. You can take a 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.