Solar Panel Cost Guide in McComb, MS (2024 Update)
- McComb Solar Installation Cost: $18,241
- 25-Year Savings: $22,584
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in McComb
We break down average solar pricing in McComb.
The national average cost of solar panels is $2.66 per watt, but in McComb it’s 3 per watt.The average McComb homeowner needs a 8.3-kilowatt system, which would cost about $18,241 with the federal tax credit, or $26,085 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of making the switch to solar can vary quite a bit depending on several factors, such as what size system you need, your energy usage and what company you go with.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $17,000 over 20 years on electricity bills.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in McComb
| Year | Return on Investment |
|---|---|
| 1 years | $-16,874 |
| 3 years | $-14,139 |
| 5 years | $-11,404 |
| 7 years | $-8,669 |
| 9 years | $-5,934 |
| 11 years | $-3,199 |
| 13 years | $-465 |
| 15 years | $2,270 |
| 17 years | $5,005 |
| 19 years | $7,740 |
| 21 years | $10,475 |
| 23 years | $13,210 |
| 25 years | $15,945 |
Top Solar Installers in McComb
Although it's possible to install solar panels yourself, it takes extra effort and know-how. That's one of the reasons almost all homeowners choose to hire a solar panel installer. The payback period on a solar system will vary based on factors like your roof configuration and energy consumption, but going with a solar installer can shorten it. Your provider will be able to help you identify incentives available in your area.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 McComb
Factors that Affect Solar Panel Costs in McComb
For many McComb homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in McComb, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in McComb, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your total cost can increase by around $3,140 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in McComb offer solar loans, which reduce your upfront costs of installing solar panels.While solar loans make switching to solar energy more accessible for McComb homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies in McComb, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $13,700 | 12.5 years |
| 8 kW | $3.20 | $17,936 | $18,618 | 12.3 years |
| 10 kW | $3.14 | $21,980 | $23,712 | 12.0 years |
| 12 kW | $3.08 | $25,848 | $28,982 | 11.8 years |
| 14 kW | $3.01 | $29,541 | $34,428 | 11.5 years |
| 16 kW | $2.95 | $33,058 | $40,049 | 11.3 years |
| 18 kW | $2.89 | $36,399 | $45,847 | 11.1 years |
| 20 kW | $2.83 | $39,564 | $51,820 | 10.8 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
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 McComb, MS Solar Cost FAQs
What is the average cost of installing solar panels in McComb?
This is a difficult question to answer exactly, because the cost depends on a few different 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 cost more if you want other solar equipment or higher quality panels, or if you have higher-than-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.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can 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 get between 20 and 35 panels to cover 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.
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.