Solar Panel Cost Guide in Leakesville, MS (2024 Update)
- Leakesville Solar Installation Cost: $18,087
- 25-Year Savings: $29,565
- Payback Period: 10.1 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 Leakesville
Let’s have a look at the average cost of solar in Leakesville.
While the national average of solar panels is $2.66 per watt, solar panels in Leakesville generally cost about 3.To cover the typical energy usage of the average home in Leakesville, most homeowners require a 8.2-kilowatt system. Using the figure above, a solar installation costs about $18,087, or $25,864 before the federal solar tax credit of 0 is applied.
These figures are just averages, and the cost of going solar for you will differ based on factors unique to your home and what company you want to go with.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Leakesville see about $22,000 in savings on electricity bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Leakesville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,259 |
| 3 years | $-12,602 |
| 5 years | $-8,946 |
| 7 years | $-5,290 |
| 9 years | $-1,634 |
| 11 years | $2,022 |
| 13 years | $5,678 |
| 15 years | $9,334 |
| 17 years | $12,990 |
| 19 years | $16,646 |
| 21 years | $20,302 |
| 23 years | $23,958 |
| 25 years | $27,615 |
Top Solar Installers in Leakesville
Installing solar panels yourself can be a challenging undertaking, which is why getting a solar installer is a good option for many homeowners. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
If you’d like to go solar but still aren’t sure which solar panel installer to go with, here are our suggestions for providers in Leakesville:
Best National Provider
SunPower
- 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
- 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 Leakesville
Factors that Affect Solar Panel Costs in Leakesville
The cost of installing a solar system in Leakesville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Leakesville to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.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’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can impact your pricing. Leakesville’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $18,930 | 10.5 years |
| 8 kW | $3.20 | $17,936 | $25,592 | 10.3 years |
| 10 kW | $3.14 | $21,980 | $32,429 | 10.1 years |
| 12 kW | $3.08 | $25,848 | $39,443 | 9.9 years |
| 14 kW | $3.01 | $29,541 | $46,632 | 9.7 years |
| 16 kW | $2.95 | $33,058 | $53,997 | 9.5 years |
| 18 kW | $2.89 | $36,399 | $61,538 | 9.3 years |
| 20 kW | $2.83 | $39,564 | $69,254 | 9.1 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 select the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you’re on the same page with the installer with regard to 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.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
Best National Provider
SunPower
- 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
- 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 Leakesville, MS Solar Cost FAQs
How much does it cost to install solar panels in Leakesville?
The average cost of solar panels in Leakesville 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 stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Leakesville?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on power bills after switching to solar?
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 $1,088.18 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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 home 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.