Solar Panel Cost Guide in Crystal Springs, MS (2024 Update)
- Crystal Springs Solar Installation Cost: $18,304
- 25-Year Savings: $25,315
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Crystal Springs
See how much it might cost to switch to solar power in Crystal Springs.
While the national average of solar panels is $2.66 per watt, solar panels in Crystal Springs generally cost about 3.The average Crystal Springs homeowner needs a 8.3-kilowatt system, which would cost about $18,304 with the federal tax credit, or $26,175 before the 0 tax credit is applied.
These figures are just estimates, and the cost of going solar for you may look different based on the amount of energy your home requires and what company you choose to go with.With typical savings of about $19,000 on energy bills over 20 years, many homeowners in Crystal Springs find installing solar panels can pay off big.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Crystal Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-16,936 |
| 3 years | $-14,201 |
| 5 years | $-11,467 |
| 7 years | $-8,732 |
| 9 years | $-5,997 |
| 11 years | $-3,262 |
| 13 years | $-527 |
| 15 years | $2,208 |
| 17 years | $4,943 |
| 19 years | $7,678 |
| 21 years | $10,412 |
| 23 years | $13,147 |
| 25 years | $15,882 |
Top Solar Installers in Crystal Springs
Installing solar panels on your own can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
You can work with a local solar installer to get a free estimate on how much your investment in solar 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
See all of the solar companies in Crystal Springs
Factors that Affect Solar Panel Costs in Crystal Springs
Though the average cost of a solar system in Crystal Springs is $18,304, your final cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most important 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 power your household consumes, the larger your system will likely need to be. You can expect to pay around $3,140 per kilowatt in Crystal Springs.The type of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Crystal Springs, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies undercut 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 | $15,612 | 11.7 years |
| 8 kW | $3.20 | $17,936 | $21,167 | 11.5 years |
| 10 kW | $3.14 | $21,980 | $26,899 | 11.2 years |
| 12 kW | $3.08 | $25,848 | $32,806 | 11.0 years |
| 14 kW | $3.01 | $29,541 | $38,889 | 10.8 years |
| 16 kW | $2.95 | $33,058 | $45,148 | 10.6 years |
| 18 kW | $2.89 | $36,399 | $51,583 | 10.3 years |
| 20 kW | $2.83 | $39,564 | $58,194 | 10.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose greatly impacts your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Contract: It’s important to read through your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to 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
EcoWatch's Crystal Springs, MS Solar Cost FAQs
How much does it cost to install solar panels in Crystal Springs?
This is a hard question to answer exactly, 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Crystal Springs?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $977.58 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.