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.To cover the typical energy needs of the average home in McComb, most homeowners require a 8.3-kilowatt system. Using the figure above, a solar installation costs about $18,241, or $26,085 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of equipment you choose, your solar contractor and more.With average savings of about $17,000 on energy bills over 20 years, many homeowners in McComb find installing solar panels has a decent ROI.
To get a free estimate from a highly rated solar installer in McComb, you can 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
Many homeowners opt for a solar panel installer since installing solar panels by yourself can be hard. Another benefit of using a solar company is that they can help you make the most of your ROI by reducing your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you're looking for a solar installer in McComb, we've compiled a list of our top suggestions here:
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
While the average cost of a solar system in McComb is $18,241, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,140. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like McComb, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. 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 time, but they can also be a big investment. That’s why many McComb homeowners opt to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can influence how much you pay. McComb’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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
The company that does your system installation will affect the warranties and brands you have access to, 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 companies that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: When making the switch to solar, it’s important to maintain an open line of communication with your solar installer. See to it that you understand how the installation process works and 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
EcoWatch's McComb, MS Solar Cost FAQs
What is the average cost of installing solar panels in McComb?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact the value of my home?
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% after installing a solar system."
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.