Solar Panel Cost Guide in Pearl, MS (2023 Update)
- Pearl Solar Installation Cost: $15,441
- 25-Year Savings: $22,679
- Payback Period: 10.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pearl
Here's how much it might cost to go solar in Pearl.
The average cost of a solar panel system in Pearl is 2.64 per watt. To cover the typical energy usage of the average home in Pearl, most homeowners require a 8.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,449, or $22,092 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. Even with the high initial cost, the average Pearl homeowner can save about $17,000 on their electricity bills over 20 years, which is one of the positives of solar.
To receive a free estimate from a pre-vetted solar installer in Pearl, you can click the button below.
Solar savings over time in Pearl
| Year | Return on Investment |
|---|---|
| 1 years | $-14,074 |
| 3 years | $-11,339 |
| 5 years | $-8,604 |
| 7 years | $-5,869 |
| 9 years | $-3,134 |
| 11 years | $-400 |
| 13 years | $2,335 |
| 15 years | $5,070 |
| 17 years | $7,805 |
| 19 years | $10,540 |
| 21 years | $13,275 |
| 23 years | $16,010 |
| 25 years | $18,745 |
Top Solar Installers in Pearl
Many homeowners decide to use a solar panel installer since trying to put up solar panels on your own can be a lot of work. Companies can also have access to various kinds of the best solar panels and help you decide which one will be best for your family.
If you'd like to start using solar energy but still aren't certain which solar system company to go with, here are our recommendations for providers nearby:
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 Pearl
Factors that Affect Solar Panel Costs in Pearl
There are a number of criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use better technology and/or more equipment, both of which can raise 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 higher efficiency. In a city like Pearl, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Pearl, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your all-in costs, so it's important to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Pearl are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 kind of solar panels and the installer you choose has an impact on 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:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Installation Process: When making the switch to solar, it's important to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project completion timeline.
- Contract: Before you sign a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
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 Pearl, MS Solar Cost FAQs
What is the average cost of installing solar panels in Pearl?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $13,200 for a 5-kW system and $26,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Pearl?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How long do solar panels last in Pearl?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.