Solar Panel Cost Guide in Magee, MS (2025 Update)
- Magee Solar Installation Cost: $18,376
- 25-Year Savings: $23,106
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Magee
Find out what the average cost of a solar system is in Magee.
The average cost of a solar system in Magee is 3 per watt.The average solar panel system size in Magee is around 8.4 kilowatts, meaning a cost of about $18,376 for a solar installation, or $26,278 before the 0 federal solar tax credit is applied.
These figures are just estimates, and your own solar costs may look different based on your energy needs and what company you choose to go with.But, after you've paid the initial cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $18,000 over 20 years on power bills.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Magee
| Year | Return on Investment |
|---|---|
| 1 years | $-17,008 |
| 3 years | $-14,274 |
| 5 years | $-11,539 |
| 7 years | $-8,804 |
| 9 years | $-6,069 |
| 11 years | $-3,334 |
| 13 years | $-599 |
| 15 years | $2,136 |
| 17 years | $4,871 |
| 19 years | $7,605 |
| 21 years | $10,340 |
| 23 years | $13,075 |
| 25 years | $15,810 |
Top Solar Installers in Magee
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with an installer can make your switch to solar power much easier. The expertise that solar installers provide can be valuable as well, particularly if you don’t quite know what type of solar equipment would be right for your home.
If you’d like to switch to solar energy but still aren’t certain which solar panel installer to go with, here are our recommendations for providers nearby:
See all of the solar companies in Magee
Factors that Affect Solar Panel Costs in Magee
The cost of installing a solar system in Magee can vary by more than $10,000 from home to home. Your actual cost depends on 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 cost of solar panels 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 chiefly based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $3,140 for each additional kilowatt you need.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 can expect 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 increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid route because they lower your upfront costs and let you pay for your system over five to seven years on average.It’s a good idea to add 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 the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Magee is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, you’ll have no shortage of solar installers that provide a range of services for different budgets.Some companies only sell products with high efficiency and therefore a higher price point — 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 decide on the company that has the products, warranties and services you want 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 | $13,955 | 12.4 years |
| 8 kW | $3.20 | $17,936 | $18,958 | 12.2 years |
| 10 kW | $3.14 | $21,980 | $24,138 | 11.9 years |
| 12 kW | $3.08 | $25,848 | $29,493 | 11.7 years |
| 14 kW | $3.01 | $29,541 | $35,024 | 11.4 years |
| 16 kW | $2.95 | $33,058 | $40,730 | 11.2 years |
| 18 kW | $2.89 | $36,399 | $46,613 | 11.0 years |
| 20 kW | $2.83 | $39,564 | $52,671 | 10.7 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: The kind of solar panel you want to install plays a part in which company you should opt for, since different companies have access to different panels.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of 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 good reviews from past customers.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
EcoWatch's Magee, MS Solar Cost FAQs
How much does it cost to install solar panels in Magee?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $15,700 for a 5-kW system and $31,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a 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 buy 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.