Solar Panel Cost Guide in Crystal Springs, MS (2023 Update)
- Crystal Springs Solar Installation Cost: $15,394
- 25-Year Savings: $25,310
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Crystal Springs
Let's have a look at the average cost of solar panels in Crystal Springs.
In Crystal Springs, solar panels cost about 2.64 per watt on average. Using this figure, a typical 8.3-kW system would cost about $15,394 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of equipment you want to get, your solar contractor and more. With average savings of about $19,000 on electricity bills over 20 years, many homeowners in Crystal Springs find installing solar panels has a decent ROI.
To get a free estimate from a highly rated solar installer in Crystal Springs, you can click the button below.
Solar savings over time in Crystal Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-13,766 |
| 3 years | $-10,509 |
| 5 years | $-7,253 |
| 7 years | $-3,997 |
| 9 years | $-740 |
| 11 years | $2,516 |
| 13 years | $5,772 |
| 15 years | $9,029 |
| 17 years | $12,285 |
| 19 years | $15,541 |
| 21 years | $18,798 |
| 23 years | $22,054 |
| 25 years | $25,310 |
Top Solar Installers in Crystal Springs
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make switching to solar power much easier. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be best for your family.
There are several licensed solar professionals that can take care of your solar installation project. 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
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 Crystal Springs
Factors that Affect Solar Panel Costs in Crystal Springs
There are a number of criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $2,640 per kilowatt in Crystal Springs. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Crystal Springs, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of financing options, including the total 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar panel installation company you select will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that provides the products, warranties and services you're looking for and also fit into your budget.
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 | $17,796 | 9.8 years |
| 8 kW | $2.69 | $15,080 | $24,023 | 9.6 years |
| 10 kW | $2.64 | $18,480 | $30,399 | 9.5 years |
| 12 kW | $2.59 | $21,732 | $36,922 | 9.3 years |
| 14 kW | $2.53 | $24,837 | $43,593 | 9.1 years |
| 16 kW | $2.48 | $27,794 | $50,412 | 8.9 years |
| 18 kW | $2.43 | $30,603 | $57,379 | 8.7 years |
| 20 kW | $2.38 | $33,264 | $64,494 | 8.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before making your decision.
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 Crystal Springs, MS Solar Cost FAQs
How much does it cost to install solar panels in Crystal Springs?
The average cost of solar panels in Crystal Springs is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.