Solar Panel Cost Guide in Pearl, MS (Mar 2023)
- Pearl Solar Installation Cost: $15,449
- 25-Year Savings: $22,671
- Payback Period: 10.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Pearl
Here's how much it might cost to go solar in Pearl.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pearl, the average cost of a solar system is 2.64 per watt. Using this figure, a typical 8.4-kW system would cost about $15,449 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of installing solar panels can vary based on a few factors, such as how many panels you need, your energy usage and what installation company you go with. Many homeowners find installing solar panels is a sound investment. The average homeowner in Pearl can save around $17,000 on their electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Pearl
| Year | Return on Investment |
|---|---|
| 1 years | $-13,924 |
| 3 years | $-10,875 |
| 5 years | $-7,825 |
| 7 years | $-4,776 |
| 9 years | $-1,726 |
| 11 years | $1,324 |
| 13 years | $4,373 |
| 15 years | $7,423 |
| 17 years | $10,472 |
| 19 years | $13,522 |
| 21 years | $16,572 |
| 23 years | $19,621 |
| 25 years | $22,671 |
Top Solar Installers in Pearl
Many homeowners choose to hire a solar panel installer since figuring out how to install solar panels on your own can be challenging. Plus, if you're unsure what kind of solar panels and equipment you need, a solar expert can help you figure that out after a site survey and consultation.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Pearl
Factors that Affect Solar Panel Costs in Pearl
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 Pearl: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Pearl, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $2,640 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Pearl homeowners choose to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $15,841 | 10.5 years |
| 8 kW | $2.69 | $15,080 | $21,417 | 10.3 years |
| 10 kW | $2.64 | $18,480 | $27,141 | 10.1 years |
| 12 kW | $2.59 | $21,732 | $33,013 | 9.9 years |
| 14 kW | $2.53 | $24,837 | $39,033 | 9.7 years |
| 16 kW | $2.48 | $27,794 | $45,200 | 9.5 years |
| 18 kW | $2.43 | $30,603 | $51,515 | 9.3 years |
| 20 kW | $2.38 | $33,264 | $57,978 | 9.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose greatly influences your costs and your system's efficiency, production, and durability, it's important to select 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 be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Warranty: If you're concerned about the longevity of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project timeline.
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 Pearl, MS Solar Cost FAQs
What is the average cost of installing solar panels in Pearl?
The average cost of solar panels in Pearl is about $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located 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 $912.42 per year.
How often do you have to replace solar panels?
Although 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 the amount of energy they produce will have decreased significantly after that point. You can choose 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.