Solar Panel Cost Guide in Florence, MS (2025 Update)
- Florence Solar Installation Cost: $18,366
- 25-Year Savings: $23,115
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Florence
Let’s have a look at the average cost of solar in Florence.
The average cost of a solar panel system in Florence is 3 per watt.The average Florence homeowner needs a 8.4-kilowatt system, which would cost about $18,366 with the federal tax credit, or $26,263 before the 0 tax credit is applied.
These figures are only averages, and how much solar costs for you will vary based on the amount of energy your home requires and what company you go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Florence can save around $18,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Florence for a quote for your home.
Solar savings over time in Florence
| Year | Return on Investment |
|---|---|
| 1 years | $-16,999 |
| 3 years | $-14,264 |
| 5 years | $-11,529 |
| 7 years | $-8,794 |
| 9 years | $-6,059 |
| 11 years | $-3,324 |
| 13 years | $-589 |
| 15 years | $2,146 |
| 17 years | $4,881 |
| 19 years | $7,615 |
| 21 years | $10,350 |
| 23 years | $13,085 |
| 25 years | $15,820 |
Top Solar Installers in Florence
Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be hard. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
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:
See all of the solar companies in Florence
Factors that Affect Solar Panel Costs in Florence
There are a number of factors that can play into your solar panel 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
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,140.There are many different solar panel brands and the one you choose also changes the cost. In general, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose 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
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Florence homeowners choose to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s important to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the massive popularity of sustainable energy solutions in Florence, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for and also is 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 | $3.27 | $13,716 | $13,970 | 12.4 years |
| 8 kW | $3.20 | $17,936 | $18,979 | 12.1 years |
| 10 kW | $3.14 | $21,980 | $24,163 | 11.9 years |
| 12 kW | $3.08 | $25,848 | $29,523 | 11.7 years |
| 14 kW | $3.01 | $29,541 | $35,059 | 11.4 years |
| 16 kW | $2.95 | $33,058 | $40,771 | 11.2 years |
| 18 kW | $2.89 | $36,399 | $46,658 | 11.0 years |
| 20 kW | $2.83 | $39,564 | $52,722 | 10.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose greatly affects your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
EcoWatch's Florence, MS Solar Cost FAQs
What is the average cost of installing solar panels in Florence?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Florence?
Solar panels aren’t free in Florence, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Florence have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either be compensated 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.
How long do solar panels last in Florence?
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 replace them once you've had 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.