Solar Panel Cost Guide in Gulf Hills, MS (2024 Update)
- Gulf Hills Solar Installation Cost: $17,701
- 25-Year Savings: $28,925
- Payback Period: 10.1 Years
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Average Cost of Solar Panels in Gulf Hills
We break down average solar pricing in Gulf Hills.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Gulf Hills, the typical cost of solar panels is 3 per watt.The average solar panel system size in Gulf Hills is around 8.1 kilowatts, meaning a cost of about $17,701 for a solar installation, or $25,312 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what company you go with.For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Gulf Hills see about $21,000 in savings on energy bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Gulf Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-15,873 |
| 3 years | $-12,217 |
| 5 years | $-8,561 |
| 7 years | $-4,905 |
| 9 years | $-1,249 |
| 11 years | $2,407 |
| 13 years | $6,064 |
| 15 years | $9,720 |
| 17 years | $13,376 |
| 19 years | $17,032 |
| 21 years | $20,688 |
| 23 years | $24,344 |
| 25 years | $28,000 |
Top Solar Installers in Gulf Hills
Many homeowners opt for a solar panel installer since trying to install solar panels on your own can be hard. The payback period on a solar system will vary based on factors like your roof configuration and energy needs, but going with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.
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 near you:
See all of the solar companies in Gulf Hills
Factors that Affect Solar Panel Costs in Gulf Hills
There are many criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $3,140 per kilowatt in Gulf Hills.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Gulf Hills, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Gulf Hills offer solar loans, which reduce your upfront costs of installing a solar system.Though solar loans make adopting solar energy more accessible for Gulf Hills homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Gulf Hills is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that provide a range of services for different budgets.The company’s size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and better 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 | $3.27 | $13,716 | $18,922 | 10.5 years |
| 8 kW | $3.20 | $17,936 | $25,581 | 10.3 years |
| 10 kW | $3.14 | $21,980 | $32,416 | 10.1 years |
| 12 kW | $3.08 | $25,848 | $39,427 | 9.9 years |
| 14 kW | $3.01 | $29,541 | $46,613 | 9.7 years |
| 16 kW | $2.95 | $33,058 | $53,976 | 9.5 years |
| 18 kW | $2.89 | $36,399 | $61,514 | 9.3 years |
| 20 kW | $2.83 | $39,564 | $69,228 | 9.1 years |
How to Save on Solar Panels
The company that does your solar 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 a tough decision, we have some tips to help you, such as:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When looking through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
EcoWatch's Gulf Hills, MS Solar Cost FAQs
How much does it cost to install solar panels in Gulf Hills?
This is a difficult question to answer precisely, because the cost depends on many 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. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Gulf Hills?
You can’t get solar panels for free in Gulf Hills. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How will solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Gulf Hills is currently $226,158, which means you can expect a value of about $9,272 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Gulf Hills is a fruitful investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.