Solar Panel Cost Guide in Hazlehurst, MS (2023 Update)
- Hazlehurst Solar Installation Cost: $15,394
- 25-Year Savings: $25,310
- Payback Period: 9.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hazlehurst
We break down average solar pricing in Hazlehurst.
While the national average of solar panels is $2.66 per watt, solar panels in Hazlehurst typically cost around 2.64. The average solar panel system size in Hazlehurst is around 8.3 kilowatts, meaning a cost of about $15,394 for a solar installation, or $22,013 before the 30% federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Hazlehurst based on a few factors, such as the kind of solar panels you choose and the solar installer you hire. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $19,000 over 20 years on energy bills.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Hazlehurst
| Year | Return on Investment |
|---|---|
| 1 years | $-13,766 |
| 3 years | $-10,509 |
| 5 years | $-7,253 |
| 7 years | $-3,997 |
| 9 years | $-740 |
| 11 years | $2,516 |
| 13 years | $5,772 |
| 15 years | $9,029 |
| 17 years | $12,285 |
| 19 years | $15,541 |
| 21 years | $18,798 |
| 23 years | $22,054 |
| 25 years | $25,310 |
Top Solar Installers in Hazlehurst
Many homeowners choose to hire a solar panel company since figuring out how to install solar panels on your own can be a labor-intensive endeavor. Plus, if you're unsure what type of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
If you'd like to switch to solar energy but still aren't certain which solar panel company to go with, here are our recommendations for providers near you:
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 Hazlehurst
Factors that Affect Solar Panel Costs in Hazlehurst
For many Hazlehurst homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Hazlehurst, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,640. The model of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
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 Hazlehurst homeowners opt to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only 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 getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can influence the cost. Hazlehurst's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $17,796 | 9.8 years |
| 8 kW | $2.69 | $15,080 | $24,023 | 9.6 years |
| 10 kW | $2.64 | $18,480 | $30,399 | 9.5 years |
| 12 kW | $2.59 | $21,732 | $36,922 | 9.3 years |
| 14 kW | $2.53 | $24,837 | $43,593 | 9.1 years |
| 16 kW | $2.48 | $27,794 | $50,412 | 8.9 years |
| 18 kW | $2.43 | $30,603 | $57,379 | 8.7 years |
| 20 kW | $2.38 | $33,264 | $64,494 | 8.5 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: Make sure you're on the same page with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
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 Hazlehurst, MS Solar Cost FAQs
What is the average cost of installing solar panels in Hazlehurst?
The average cost of solar panels in Hazlehurst is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Hazlehurst?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $977.58 per year.
How long do solar panels last in Hazlehurst?
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.