Solar Panel Cost Guide in Ocean Springs, MS (2024 Update)
- Ocean Springs Solar Installation Cost: $17,701
- 25-Year Savings: $26,633
- Payback Period: 10.1 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Ocean Springs
We go over average solar pricing in Ocean Springs.
The average cost of a solar system in Ocean Springs is 3 per watt.Since a 8.1-kW system is needed to cover the energy needs of a typical home in Ocean Springs, the average price of going solar will be about $17,701 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy use, the type of solar system you want to get, your solar contractor and more.Despite the high upfront cost, the average Ocean Springs homeowner can save around $21,000 on their energy bills over 20 years, which is one of the positives of solar.
To get a free estimate from a pre-vetted solar installation company in Ocean Springs, you can click the button below.
Solar savings over time in Ocean Springs
Year | Return on Investment |
---|---|
1 years | $-15,928 |
3 years | $-12,381 |
5 years | $-8,834 |
7 years | $-5,288 |
9 years | $-1,741 |
11 years | $1,806 |
13 years | $5,353 |
15 years | $8,899 |
17 years | $12,446 |
19 years | $15,993 |
21 years | $19,539 |
23 years | $23,086 |
25 years | $26,633 |
Top Solar Installers in Ocean Springs
DIY solar panel installation is a possibility, 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. Some solar installers, particularly local ones, can help you better understand incentives in Ocean Springs, optimizing your ROI.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy 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, your total will most likely increase by about $3,140. 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 limited roof space or just want maximum energy production, you can expect 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 raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Ocean Springs homeowners choose to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your overall costs, so it’s crucial to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Ocean Springs, and each can charge different amounts for labor and equipment.You may come across 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 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 | $18,922 | 10.5 years |
8 kW | $3.20 | $17,936 | $25,581 | 10.3 years |
10 kW | $3.14 | $21,980 | $32,416 | 10.1 years |
12 kW | $3.08 | $25,848 | $39,427 | 9.9 years |
14 kW | $3.01 | $29,541 | $46,613 | 9.7 years |
16 kW | $2.95 | $33,058 | $53,976 | 9.5 years |
18 kW | $2.89 | $36,399 | $61,514 | 9.3 years |
20 kW | $2.83 | $39,564 | $69,228 | 9.1 years |
How to Save on Solar Panels
There are many companies available in Ocean Springs, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- 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 component breaking or the company going out of business.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: The model of solar panel you’d like plays a part in which installer you should go with, since different companies provide different panels.
- Warranty: If you’re worried about the endurance of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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?
This is a tough question to answer precisely, because the cost depends on a few different 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 other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Ocean Springs?
Solar panels aren’t free in Ocean Springs, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Ocean Springs?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How many solar panels should I get to power 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 usually produce about 250 to 400 watt-hours per hour, the average home 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.