Solar Panel Cost Guide in Horn Lake, MS (2024 Update)

  • Horn Lake Solar Installation Cost: $19,157
  • 25-Year Savings: $19,459
  • Payback Period: 13.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Horn Lake

Find out what the average cost of installing solar panels is in Horn Lake.

The average cost of a solar panel system in Horn Lake is 3 per watt.Using this figure, a typical 8.7-kW system would cost about $19,157 before the 0 federal solar tax credit is applied.

Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.Many homeowners find going solar is a fruitful investment. The average homeowner in Horn Lake can save around $16,000 on their electricity bills over 20 years.

You can click the button below to get connected with a top solar company in Horn Lake for a quote for your home.

Solar savings over time in Horn Lake

Year Return on Investment
1 years $-17,790
3 years $-15,055
5 years $-12,320
7 years $-9,585
9 years $-6,850
11 years $-4,115
13 years $-1,381
15 years $1,354
17 years $4,089
19 years $6,824
21 years $9,559
23 years $12,294
25 years $15,029

Top Solar Installers in Horn Lake

Although you can install solar panels yourself, it involves extra labor and expertise. That's why most people choose to go with a solar panel installer. The expertise that solar companies provide can be helpful as well, particularly if you aren’t sure what type of solar equipment you need.

Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Horn Lake

Factors that Affect Solar Panel Costs in Horn Lake

For many Horn Lake homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Horn Lake, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.

Solar Equipment

The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,140. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Horn Lake, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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 installers in Horn Lake provide solar loans, which reduce the initial cost of installing solar.Though solar loans make switching to solar energy more accessible for Horn Lake homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Horn Lake, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.

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 $10,768 14.0 years
8 kW $3.20 $17,936 $14,709 13.7 years
10 kW $3.14 $21,980 $18,825 13.5 years
12 kW $3.08 $25,848 $23,118 13.2 years
14 kW $3.01 $29,541 $27,586 12.9 years
16 kW $2.95 $33,058 $32,231 12.7 years
18 kW $2.89 $36,399 $37,051 12.4 years
20 kW $2.83 $39,564 $42,047 12.1 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:

  • Solar Panel Brands: The model of solar panel you need plays a role in which company you should opt for, since different companies offer different panels.
  • Warranty: If you’re worried about the endurance of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
  • Contract: Read the contract terms carefully to make sure you understand how much it will cost, project timeline incentives and warranties.
  • Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Horn Lake, MS Solar Cost FAQs

How much does it cost to install solar panels in Horn Lake?

The average cost of solar panels in Horn Lake is about $15,700 for a 5-kW system and $31,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.

Can you get solar panels for free in Horn Lake?

You can’t get solar panels for free in Horn Lake. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.

How much can I save on power bills after installing solar panels?

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 $816.11 per year.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy needs and how much 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 install between 20 and 35 panels to account for 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.

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