Solar Panel Cost Guide in Diberville, MS (2023 Update)
- Diberville Solar Installation Cost: $14,802
- 25-Year Savings: $29,296
- Payback Period: 8.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Diberville
We break down average solar pricing in Diberville.
Although the national average of solar panels is $2.66 per watt, solar panels in Diberville typically cost around 2.64. The average Diberville homeowner needs a 8.0-kilowatt system, which would cost about $14,802 with the federal tax credit, or $21,167 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Diberville homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. But, once you've paid the initial cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $21,000 over 20 years on utility bills.
You can click the button below to get connected with a pre-vetted solar installer in Diberville for a quote for your home.
Solar savings over time in Diberville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,039 |
| 3 years | $-9,511 |
| 5 years | $-5,983 |
| 7 years | $-2,455 |
| 9 years | $1,073 |
| 11 years | $4,601 |
| 13 years | $8,129 |
| 15 years | $11,656 |
| 17 years | $15,184 |
| 19 years | $18,712 |
| 21 years | $22,240 |
| 23 years | $25,768 |
| 25 years | $29,296 |
Top Solar Installers in Diberville
Many homeowners opt for a solar installer since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. Plus, if you're unsure what brand of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Diberville
Factors that Affect Solar Panel Costs in Diberville
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Diberville: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
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 Diberville. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 over time on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Diberville average.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Diberville, you'll have many options to choose from, but each comes at different price points for labor and equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and find a company that offers the products, warranties and services you're looking for and also fits within 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 | $21,509 | 8.7 years |
| 8 kW | $2.69 | $15,080 | $28,974 | 8.6 years |
| 10 kW | $2.64 | $18,480 | $36,587 | 8.4 years |
| 12 kW | $2.59 | $21,732 | $44,348 | 8.2 years |
| 14 kW | $2.53 | $24,837 | $52,257 | 8.1 years |
| 16 kW | $2.48 | $27,794 | $60,313 | 7.9 years |
| 18 kW | $2.43 | $30,603 | $68,518 | 7.7 years |
| 20 kW | $2.38 | $33,264 | $76,870 | 7.6 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 picking a company can be difficult, we have some tips to help you, such as:
- Warranty: If you care about the longevity of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: When going solar, it's essential to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project completion timeline.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Diberville, MS Solar Cost FAQs
How much does it cost to install solar panels in Diberville?
This is a hard question to answer precisely, because the cost depends on a variety of 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 higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using 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.