Solar Panel Cost Guide in Morton, MS (Jan 2023)
- Morton Solar Installation Cost: $15,505
- 25-Year Savings: $25,822
- Payback Period: 9.4 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Morton
Let's have a look at the average cost of solar panels in Morton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Morton, the typical cost of a solar system is $3 per watt. To account for the typical energy needs of the average home in Morton, most homeowners require a 8.4-kilowatt system. Using the figure above, a solar installation costs around $15,505, or $11,474 after the federal solar tax credit of 30% is applied.
The true cost of your system can go above or below the average in Morton depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire. With typical savings of about $19,000 on power bills over 20 years, many homeowners in Morton find installing solar panels can pay off big.
To get a free quote from a highly rated solar company in Morton, you can click the button below.
Solar savings over time in Morton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,852 |
| 3 years | $-10,546 |
| 5 years | $-7,239 |
| 7 years | $-3,933 |
| 9 years | $-627 |
| 11 years | $2,679 |
| 13 years | $5,985 |
| 15 years | $9,291 |
| 17 years | $12,597 |
| 19 years | $15,904 |
| 21 years | $19,210 |
| 23 years | $22,516 |
| 25 years | $25,822 |
Top Solar Installers in Morton
Many homeowners decide to use a solar installation company since installing solar panels by yourself can be time-consuming. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be best for your home.
If you're searching for a solar installer in Morton, we've organized 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
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 Morton
Factors that Affect Solar Panel Costs in Morton
There are a number of factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,640. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Although solar loans make switching to solar energy more accessible for Morton homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies operating in Morton, and each can charge varying amounts for labor and equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment 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 | $2.75 | $11,532 | $18,023 | 9.8 years |
| 8 kW | $2.69 | $15,080 | $24,326 | 9.6 years |
| 10 kW | $2.64 | $18,480 | $30,777 | 9.4 years |
| 12 kW | $2.59 | $21,732 | $37,376 | 9.2 years |
| 14 kW | $2.53 | $24,837 | $44,123 | 9.0 years |
| 16 kW | $2.48 | $27,794 | $51,018 | 8.8 years |
| 18 kW | $2.43 | $30,603 | $58,060 | 8.6 years |
| 20 kW | $2.38 | $33,264 | $65,251 | 8.4 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose significantly affects your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: If you're worried about the durability of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
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 Morton, MS Solar Cost FAQs
What is the average cost of installing solar panels in Morton?
The average cost of solar panels in Morton is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about 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 places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of 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 go 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."
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.