Solar Panel Cost Guide in Gulf Hills, MS (2023 Update)
- Gulf Hills Solar Installation Cost: $14,876
- 25-Year Savings: $28,931
- Payback Period: 8.5 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 Gulf Hills
We go over average solar pricing in Gulf Hills.
The average cost of solar panels in Gulf Hills is 2.64 per watt. Since a 8.1-kW system is needed to cover the energy consumption of a typical home in Gulf Hills, the average price of going solar will be about $14,876 after claiming the federal solar tax credit of 30%.
The true cost of your system can be higher or lower than the average in Gulf Hills depending on several factors, such as the model of solar panels you choose and the solar company you hire. With average savings of about $21,000 on electricity bills over 20 years, many homeowners in Gulf Hills find going solar has a decent ROI.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Gulf Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-13,124 |
| 3 years | $-9,620 |
| 5 years | $-6,115 |
| 7 years | $-2,610 |
| 9 years | $894 |
| 11 years | $4,399 |
| 13 years | $7,903 |
| 15 years | $11,408 |
| 17 years | $14,912 |
| 19 years | $18,417 |
| 21 years | $21,921 |
| 23 years | $25,426 |
| 25 years | $28,931 |
Top Solar Installers in Gulf Hills
Putting up solar panels yourself can be a dangerous undertaking, which is why getting a solar installer is a good option for many homeowners. The expertise that solar installers provide can be valuable as well, particularly if you don't quite know what kind of solar equipment you need.
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 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 Gulf Hills
Factors that Affect Solar Panel Costs in Gulf Hills
For many Gulf Hills homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Gulf Hills, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Gulf Hills, 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 figure out by looking at past power bills. Your overall cost can increase by about $2,640 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Gulf Hills provide solar loans, which reduce the initial cost of installing solar. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can influence your pricing. Gulf Hills' solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $21,106 | 8.8 years |
| 8 kW | $2.69 | $15,080 | $28,437 | 8.7 years |
| 10 kW | $2.64 | $18,480 | $35,916 | 8.5 years |
| 12 kW | $2.59 | $21,732 | $43,543 | 8.3 years |
| 14 kW | $2.53 | $24,837 | $51,317 | 8.2 years |
| 16 kW | $2.48 | $27,794 | $59,240 | 8.0 years |
| 18 kW | $2.43 | $30,603 | $67,310 | 7.8 years |
| 20 kW | $2.38 | $33,264 | $75,528 | 7.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you're on the same page with the company with 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.
- Contract: Before signing a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
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 Gulf Hills, MS Solar Cost FAQs
What is the average cost of installing solar panels in Gulf Hills?
This is a tough question to answer precisely, because the cost depends on a few different 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 cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Gulf Hills?
A solar panel system isn't free in Gulf Hills, but there are some options that can make getting them more affordable, 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 Gulf Hills have a net metering program?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future utility 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 Gulf Hills?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.