Solar Panel Cost Guide in Moss Point, MS (2024 Update)
- Moss Point Solar Installation Cost: $17,701
- 25-Year Savings: $29,522
- Payback Period: 10.0 Years
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Average Cost of Solar Panels in Moss Point
Let’s have a look at the average cost of solar panels in Moss Point.
The average cost of a solar panel system in Moss Point is 3 per watt.The average Moss Point homeowner needs a 8.1-kilowatt system, which would cost about $17,701 with the federal tax credit, or $25,312 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 installing solar panels can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what solar installer you go with.For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Moss Point see about $21,000 in savings on utility bills over 20 years.
To get a free estimate from a top solar installer in Moss Point, you can click the button below.
Solar savings over time in Moss Point
| Year | Return on Investment |
|---|---|
| 1 years | $-15,873 |
| 3 years | $-12,217 |
| 5 years | $-8,561 |
| 7 years | $-4,905 |
| 9 years | $-1,249 |
| 11 years | $2,407 |
| 13 years | $6,064 |
| 15 years | $9,720 |
| 17 years | $13,376 |
| 19 years | $17,032 |
| 21 years | $20,688 |
| 23 years | $24,344 |
| 25 years | $28,000 |
Top Solar Installers in Moss Point
Many homeowners decide to use a solar panel company since trying to install solar panels by yourself can be a lot of work. Another advantage of using a solar installer is that they can help you maximize your ROI by cutting back on future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
Working with a vetted solar company 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
See all of the solar companies in Moss Point
Factors that Affect Solar Panel Costs in Moss Point
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Moss Point: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $3,140 per kilowatt in Moss Point.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Moss Point have solar loans, which reduce the initial cost of installing solar panels.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you choose will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.You may come across 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 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 | $19,367 | 10.4 years |
| 8 kW | $3.20 | $17,936 | $26,175 | 10.2 years |
| 10 kW | $3.14 | $21,980 | $33,158 | 10.0 years |
| 12 kW | $3.08 | $25,848 | $40,317 | 9.8 years |
| 14 kW | $3.01 | $29,541 | $47,652 | 9.6 years |
| 16 kW | $2.95 | $33,058 | $55,163 | 9.4 years |
| 18 kW | $2.89 | $36,399 | $62,849 | 9.2 years |
| 20 kW | $2.83 | $39,564 | $70,712 | 9.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Different companies carry different brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
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 Moss Point, MS Solar Cost FAQs
How much does it cost to install solar panels in Moss Point?
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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Moss Point?
Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
How will solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Moss Point is currently $126,810, so you can look forward to a value of about $5,199 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Moss Point is a fruitful investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.