Solar Panel Cost Guide in Gulfport, MS (2024 Update)
- Gulfport Solar Installation Cost: $17,602
- 25-Year Savings: $31,050
- Payback Period: 9.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Gulfport
Here’s how much it might cost to switch to solar power in Gulfport.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Gulfport, the typical cost of solar panels is 3 per watt.To cover the typical energy needs of the average home in Gulfport, most homeowners require a 8.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,602, or $25,171 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of making the switch to solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy usage and what solar installer you go with.With average savings of about $22,000 on electricity bills over 20 years, many homeowners in Gulfport find going solar can be quite rewarding.
Click the button below to get connected to a reputable solar company in your area for a customized estimate.
Solar savings over time in Gulfport
| Year | Return on Investment |
|---|---|
| 1 years | $-15,801 |
| 3 years | $-12,200 |
| 5 years | $-8,598 |
| 7 years | $-4,997 |
| 9 years | $-1,395 |
| 11 years | $2,206 |
| 13 years | $5,807 |
| 15 years | $9,409 |
| 17 years | $13,010 |
| 19 years | $16,612 |
| 21 years | $20,213 |
| 23 years | $23,814 |
| 25 years | $27,416 |
Top Solar Installers in Gulfport
Although it's possible to install solar panels yourself, it involves extra energy and knowledge. That's why most people choose to hire a solar panel installer. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Gulfport
Factors that Affect Solar Panel Costs in Gulfport
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Gulfport: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need 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 several different solar panel brands and the one you pick also affects the cost. Typically, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking 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
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Gulfport homeowners decide to finance their solar panel systems to make paying for solar more affordable.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you pick will impact your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and decide on the company that has the products, warranties and services you’re looking for 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 | $3.27 | $13,716 | $20,636 | 10.0 years |
| 8 kW | $3.20 | $17,936 | $27,867 | 9.8 years |
| 10 kW | $3.14 | $21,980 | $35,273 | 9.6 years |
| 12 kW | $3.08 | $25,848 | $42,855 | 9.4 years |
| 14 kW | $3.01 | $29,541 | $50,613 | 9.2 years |
| 16 kW | $2.95 | $33,058 | $58,546 | 9.0 years |
| 18 kW | $2.89 | $36,399 | $66,656 | 8.8 years |
| 20 kW | $2.83 | $39,564 | $74,941 | 8.6 years |
How to Save on Solar Panels
There are a lot of 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:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 Gulfport, MS Solar Cost FAQs
What is the average cost of installing solar panels in Gulfport?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly 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 cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will installing solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Gulfport is currently $189,742, which means you could be looking at a value of about $7,779 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Gulfport is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.