Solar Panel Cost Guide in Magee, MS (Jan 2023)
- Magee Solar Installation Cost: $15,449
- 25-Year Savings: $23,107
- Payback Period: 10.0 Years
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Top Solar Installers in Magee
When going solar, many homeowners prefer to go with a solar company since DIY solar panel installation can be a difficult project. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be right for you.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Magee:
See all of the solar companies in Magee
Factors that Affect Solar Panel Costs in Magee
Though the average cost of a solar system in Magee is $15,449, your actual cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
When it comes to estimating the cost of a solar energy system in Magee, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by around $2,640 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Magee, where sunlight is abundant, efficiency can quickly pay off. In addition, 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
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Magee homeowners decide 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 amount of 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 original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Magee, and each can charge different amounts for labor and equipment. The size of the company sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and bulk 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||$16,139||10.4 years|
|8 kW||$2.69||$15,080||$21,814||10.2 years|
|10 kW||$2.64||$18,480||$27,638||10.0 years|
|12 kW||$2.59||$21,732||$33,609||9.8 years|
|14 kW||$2.53||$24,837||$39,728||9.6 years|
|16 kW||$2.48||$27,794||$45,994||9.4 years|
|18 kW||$2.43||$30,603||$52,409||9.2 years|
|20 kW||$2.38||$33,264||$58,971||9.0 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Warranty: If you're worried about the endurance of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
EcoWatch's Magee, MS Solar Cost FAQs
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.