Solar Panel Cost Guide in Flowood, MS (2023 Update)
- Flowood Solar Installation Cost: $15,449
- 25-Year Savings: $22,453
- Payback Period: 10.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Flowood
Find out what the average cost of installing solar panels is in Flowood.
While the national average of solar panels is $2.66 per watt, solar panels in Flowood typically cost around 2.64. Because a 8.4-kW system is needed to cover the energy consumption of a typical home in Flowood, the average price of going solar will be about $15,449 after claiming the federal solar tax credit of 30%.
The actual price you pay can go higher or lower than the average in Flowood based on several factors, such as the kind of solar panels you choose and the solar company you hire. For most homeowners, the upfront investment in solar power is worth paying. On average Flowood homeowners see about $17,000 in savings on utility bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Flowood
| Year | Return on Investment |
|---|---|
| 1 years | $-13,933 |
| 3 years | $-10,901 |
| 5 years | $-7,869 |
| 7 years | $-4,837 |
| 9 years | $-1,804 |
| 11 years | $1,228 |
| 13 years | $4,260 |
| 15 years | $7,292 |
| 17 years | $10,324 |
| 19 years | $13,356 |
| 21 years | $16,389 |
| 23 years | $19,421 |
| 25 years | $22,453 |
Top Solar Installers in Flowood
Although you can install solar panels by yourself, it takes extra time and expertise. That's why most homeowners choose to hire a solar panel installer. Companies can also offer access to quality options of the best solar panels and help you pick which one will be right for your home.
There are various licensed solar professionals that can install solar panels for you. 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 Flowood
Factors that Affect Solar Panel Costs in Flowood
For many Flowood homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Flowood, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Flowood, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,640 for each additional kilowatt you need. There are several different solar panel brands and the one you choose also changes the cost. In many cases, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular route because they lower 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 loans, 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 more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Flowood is the company you choose to install your solar system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services for different budgets. 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 at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you want 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 | $15,685 | 10.6 years |
| 8 kW | $2.69 | $15,080 | $21,209 | 10.4 years |
| 10 kW | $2.64 | $18,480 | $26,880 | 10.2 years |
| 12 kW | $2.59 | $21,732 | $32,700 | 10.0 years |
| 14 kW | $2.53 | $24,837 | $38,667 | 9.8 years |
| 16 kW | $2.48 | $27,794 | $44,783 | 9.6 years |
| 18 kW | $2.43 | $30,603 | $51,046 | 9.4 years |
| 20 kW | $2.38 | $33,264 | $57,457 | 9.2 years |
How to Save on Solar Panels
There are numerous companies available in Flowood, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- 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 brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Installation Process: Make sure you're on the same page with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Warranty: If you're concerned about the durability of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Flowood, MS Solar Cost FAQs
What is the average cost of installing solar panels in Flowood?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly 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 more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Does Flowood have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
How long do solar panels last in Flowood?
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 how much energy they produce will have decreased significantly after that point. You can opt to 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.