Solar Panel Cost Guide in Flowood, MS (Jan 2023)
- Flowood Solar Installation Cost: $15,449
- 25-Year Savings: $22,453
- Payback Period: 10.2 Years
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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:
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.
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.
EcoWatch's Flowood, MS Solar Cost FAQs
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.