Solar Panel Cost Guide in Leland, MS (2023 Update)
- Leland Solar Installation Cost: $15,468
- 25-Year Savings: $27,369
- Payback Period: 9.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Leland
We go over average solar pricing in Leland.
The average cost of solar panels in Leland is 2.64 per watt. The average solar panel system size in Leland is around 8.4 kilowatts, meaning a cost of about $15,468 for a solar installation, or $22,119 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you may vary based on factors unique to your home and what company you want to go with. For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $19,000 in savings on utility bills over 20 years.
Click the button below to get connected to a vetted solar installer in Leland for a custom quote.
Solar savings over time in Leland
| Year | Return on Investment |
|---|---|
| 1 years | $-13,754 |
| 3 years | $-10,327 |
| 5 years | $-6,900 |
| 7 years | $-3,474 |
| 9 years | $-47 |
| 11 years | $3,380 |
| 13 years | $6,807 |
| 15 years | $10,234 |
| 17 years | $13,661 |
| 19 years | $17,088 |
| 21 years | $20,515 |
| 23 years | $23,942 |
| 25 years | $27,369 |
Top Solar Installers in Leland
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of an installer can make converting to solar power much easier. Companies can also have access to various kinds of the best solar panels and help you pick which one will be best for your family.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Leland
Factors that Affect Solar Panel Costs in Leland
Though the average cost of a solar system in Leland is $15,468, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the price of solar panels in Leland, 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 determine by looking at past power bills. Your total cost can increase by around $2,640 for each additional kilowatt you need. The model of solar panels and equipment you want is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Further, 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 into a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Leland, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies in Leland, and each can charge different amounts for labor and equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that offers the products, warranties and services you're looking for and also is 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 | $2.75 | $11,532 | $19,170 | 9.4 years |
| 8 kW | $2.69 | $15,080 | $25,855 | 9.2 years |
| 10 kW | $2.64 | $18,480 | $32,688 | 9.0 years |
| 12 kW | $2.59 | $21,732 | $39,670 | 8.8 years |
| 14 kW | $2.53 | $24,837 | $46,799 | 8.7 years |
| 16 kW | $2.48 | $27,794 | $54,076 | 8.5 years |
| 18 kW | $2.43 | $30,603 | $61,500 | 8.3 years |
| 20 kW | $2.38 | $33,264 | $69,073 | 8.1 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 decide on the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Contract: Review the contract terms carefully to make sure you understand the overall cost, project timeline incentives and warranties.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Leland, MS Solar Cost FAQs
How much does it cost to install solar panels in Leland?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $13,200 for a 5-kW system and $26,400 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Leland?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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 will installing solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Leland is currently $65,900, which means you could be looking at a value of about $2,702 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Leland is a fruitful investment.
How often do you have to replace solar panels?
On average, solar panels can last 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 level 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.