Solar Panel Cost Guide in Mccomb, MS (Mar 2023)
- Mccomb Solar Installation Cost: $15,338
- 25-Year Savings: $22,582
- Payback Period: 10.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mccomb
Let's take a look at the average cost of solar in Mccomb.
In Mccomb, solar panels cost about 2.64 per watt on average. Since a 8.3-kW system is needed to cover the energy usage of a typical home in Mccomb, the average price of going solar will be about $15,338 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what installation company you go with. But, after you've paid the initial cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $17,000 over 20 years on energy bills.
To receive a free estimate from a vetted solar installation company in Mccomb, you can click the button below.
Solar savings over time in Mccomb
| Year | Return on Investment |
|---|---|
| 1 years | $-13,822 |
| 3 years | $-10,788 |
| 5 years | $-7,754 |
| 7 years | $-4,721 |
| 9 years | $-1,687 |
| 11 years | $1,347 |
| 13 years | $4,380 |
| 15 years | $7,414 |
| 17 years | $10,447 |
| 19 years | $13,481 |
| 21 years | $16,515 |
| 23 years | $19,548 |
| 25 years | $22,582 |
Top Solar Installers in Mccomb
Many homeowners decide to use a solar panel installer since trying to put up solar panels yourself can be a labor-intensive endeavor. Also, if you'd like to maximize your investment in solar energy, using a solar company can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Mccomb
Factors that Affect Solar Panel Costs in Mccomb
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Mccomb: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,640. There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Mccomb to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can affect how much you pay. Mccomb's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of 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 discount can bring their pricing lower to compete with bigger names.
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 | $15,884 | 10.5 years |
| 8 kW | $2.69 | $15,080 | $21,474 | 10.3 years |
| 10 kW | $2.64 | $18,480 | $27,212 | 10.1 years |
| 12 kW | $2.59 | $21,732 | $33,098 | 9.9 years |
| 14 kW | $2.53 | $24,837 | $39,132 | 9.7 years |
| 16 kW | $2.48 | $27,794 | $45,313 | 9.5 years |
| 18 kW | $2.43 | $30,603 | $51,643 | 9.3 years |
| 20 kW | $2.38 | $33,264 | $58,120 | 9.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Warranty: If you're concerned about the longevity of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 Mccomb, MS Solar Cost FAQs
How much does it cost to install solar panels in Mccomb?
The average cost of solar panels in Mccomb is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind 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 Mccomb?
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 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.
Can you sell solar power back to the grid in Mccomb?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Mccomb?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.