Solar Panel Cost Guide in Ocean Springs, MS (2023 Update)
- Ocean Springs Solar Installation Cost: $14,876
- 25-Year Savings: $28,931
- Payback Period: 8.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Ocean Springs
We break down average solar pricing in Ocean Springs.
In Ocean Springs, solar panels cost about 2.64 per watt on average. Because a 8.1-kW system is needed to cover the energy usage of a typical home in Ocean Springs, the average price of going solar will be about $14,876 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of going solar can vary based on multiple factors, such as how many panels you need, your energy usage and what installation company you go with. With average savings of about $21,000 on electricity bills over 20 years, many homeowners in Ocean Springs find investing in solar can pay off big.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Ocean Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-13,124 |
| 3 years | $-9,620 |
| 5 years | $-6,115 |
| 7 years | $-2,610 |
| 9 years | $894 |
| 11 years | $4,399 |
| 13 years | $7,903 |
| 15 years | $11,408 |
| 17 years | $14,912 |
| 19 years | $18,417 |
| 21 years | $21,921 |
| 23 years | $25,426 |
| 25 years | $28,931 |
Top Solar Installers in Ocean Springs
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make your switch to solar power much easier. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers in Ocean Springs:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Ocean Springs
Factors that Affect Solar Panel Costs in Ocean Springs
The cost of installing a solar system in Ocean Springs can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,640. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Ocean Springs, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Ocean Springs homeowners decide to finance their solar panel systems to make going solar more affordable. 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
Finally, the company you hire to install your solar panels can affect how much it costs. Ocean Springs' solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $21,106 | 8.8 years |
| 8 kW | $2.69 | $15,080 | $28,437 | 8.7 years |
| 10 kW | $2.64 | $18,480 | $35,916 | 8.5 years |
| 12 kW | $2.59 | $21,732 | $43,543 | 8.3 years |
| 14 kW | $2.53 | $24,837 | $51,317 | 8.2 years |
| 16 kW | $2.48 | $27,794 | $59,240 | 8.0 years |
| 18 kW | $2.43 | $30,603 | $67,310 | 7.8 years |
| 20 kW | $2.38 | $33,264 | $75,528 | 7.6 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 find the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Installation Process: When making the switch to solar, it's essential to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the project completion timeline.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Ocean Springs, MS Solar Cost FAQs
How much does it cost to install solar panels in Ocean Springs?
The average cost of solar panels in Ocean Springs 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 model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Ocean Springs?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The downside 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.
Does Ocean Springs have a net metering program?
Most states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had 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.