Solar Panel Cost Guide in Pascagoula, MS (2023 Update)
- Pascagoula Solar Installation Cost: $14,882
- 25-Year Savings: $29,522
- Payback Period: 8.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pascagoula
Let's take a look at the average cost of solar in Pascagoula.
Although the national average of solar panels is $2.66 per watt, solar panels in Pascagoula typically cost around 2.64. Since a 8.1-kW system is needed to cover the energy needs of a typical home in Pascagoula, the average price of going solar will be about $14,876 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying 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 $21,000 on utility bills over 20 years, many homeowners in Pascagoula find installing solar panels can be quite rewarding.
You can click the button below to get connected with a vetted solar company in Pascagoula for a quote for your home.
Solar savings over time in Pascagoula
| Year | Return on Investment |
|---|---|
| 1 years | $-13,099 |
| 3 years | $-9,531 |
| 5 years | $-5,964 |
| 7 years | $-2,396 |
| 9 years | $1,172 |
| 11 years | $4,739 |
| 13 years | $8,307 |
| 15 years | $11,874 |
| 17 years | $15,442 |
| 19 years | $19,009 |
| 21 years | $22,577 |
| 23 years | $26,144 |
| 25 years | $29,712 |
Top Solar Installers in Pascagoula
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Using an installer can make switching to solar power much easier. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be best for your family.
Working with a professional solar company can help your solar project go smoothly. 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 Pascagoula
Factors that Affect Solar Panel Costs in Pascagoula
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Pascagoula: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,640. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Pascagoula, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of 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
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Pascagoula, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. Though solar loans make adopting solar energy more accessible for Pascagoula homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installation company you pick will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $21,551 | 8.7 years |
| 8 kW | $2.69 | $15,080 | $29,031 | 8.5 years |
| 10 kW | $2.64 | $18,480 | $36,658 | 8.4 years |
| 12 kW | $2.59 | $21,732 | $44,433 | 8.2 years |
| 14 kW | $2.53 | $24,837 | $52,356 | 8.0 years |
| 16 kW | $2.48 | $27,794 | $60,427 | 7.9 years |
| 18 kW | $2.43 | $30,603 | $68,645 | 7.7 years |
| 20 kW | $2.38 | $33,264 | $77,012 | 7.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on 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:
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
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 Pascagoula, MS Solar Cost FAQs
What is the average cost of installing solar panels in Pascagoula?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $13,200 for a 5-kW system and $26,400 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 usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Pascagoula?
Leasing solar panels can be an appealing choice, because it typically 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 much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,102.76 per year.
How long do solar panels last in Pascagoula?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.