Solar Panel Cost Guide in Indianola, MS (2024 Update)

  • Indianola Solar Installation Cost: $18,539
  • 25-Year Savings: $27,250
  • Payback Period: 10.8 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 Indianola

Let’s have a look at the average cost of solar panels in Indianola.

The average cost of a solar system in Indianola is 3 per watt.The average solar panel system size in Indianola is around 8.4 kilowatts, meaning a cost of about $18,539 for a solar installation, or $26,511 before the 0 federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average Indianola homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on utility bills.

You can click the button below to get connected with a vetted solar installer in Indianola for a quote for your home.

Solar savings over time in Indianola

Year Return on Investment
1 years $-17,171
3 years $-14,436
5 years $-11,701
7 years $-8,967
9 years $-6,232
11 years $-3,497
13 years $-762
15 years $1,973
17 years $4,708
19 years $7,443
21 years $10,178
23 years $12,912
25 years $15,647

Top Solar Installers in Indianola

Installing solar panels by yourself can be a time-consuming project, which is why getting a solar installation company is a good option for many homeowners. Also, companies with a good reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.

You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:

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 Indianola

Factors that Affect Solar Panel Costs in Indianola

The cost of installing a solar system in Indianola can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment

When it comes to estimating the price of a solar system in Indianola, one of the most important 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 gauge by looking at past energy bills. Your total cost can increase by about $3,140 for each additional kilowatt you need.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 installers in Indianola have solar loans, which reduce your upfront costs of installing a solar system.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.

Solar Panel Installation Company

The solar installer you choose to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies operating in Indianola, and each can charge varying amounts for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — 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 go with the company that provides the products, warranties and services you’re looking for and also fits within 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 $16,757 11.3 years
8 kW $3.20 $17,936 $22,695 11.0 years
10 kW $3.14 $21,980 $28,808 10.8 years
12 kW $3.08 $25,848 $35,097 10.6 years
14 kW $3.01 $29,541 $41,562 10.4 years
16 kW $2.95 $33,058 $48,203 10.2 years
18 kW $2.89 $36,399 $55,020 10.0 years
20 kW $2.83 $39,564 $62,012 9.7 years

How to Save on Solar Panels

The solar installer you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:

  • Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
  • Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
  • Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
  • Warranty: If you care about the endurance of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.

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 Indianola, MS Solar Cost FAQs

What is the average cost of installing solar panels in Indianola?

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

Can you get solar panels for free in Indianola?

You can’t get solar panels for free in Indianola. However, you may still be able to afford 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.

Can solar panels completely eradicate my energy bills?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Indianola, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.

How often do you have to replace solar panels?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.

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