Solar Panel Cost Guide in Pearl River, MS (2023 Update)
- Pearl River Solar Installation Cost: $15,505
- 25-Year Savings: $25,357
- Payback Period: 9.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pearl River
We break down average solar pricing in Pearl River.
Although the national average of solar panels is $2.66 per watt, solar panels in Pearl River typically cost about 2.64. To cover the typical energy usage of the average home in Pearl River, most homeowners require a 8.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $15,505, or $22,172 before the federal solar tax credit of 30% is applied.
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 needs, the type of solar panels you want to get, your solar contractor and more. Even with the significant initial cost, the average Pearl River homeowner can save around $18,000 on their power bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a top solar panel company in your area for a custom quote.
Solar savings over time in Pearl River
| Year | Return on Investment |
|---|---|
| 1 years | $-13,870 |
| 3 years | $-10,601 |
| 5 years | $-7,332 |
| 7 years | $-4,063 |
| 9 years | $-794 |
| 11 years | $2,475 |
| 13 years | $5,744 |
| 15 years | $9,012 |
| 17 years | $12,281 |
| 19 years | $15,550 |
| 21 years | $18,819 |
| 23 years | $22,088 |
| 25 years | $25,357 |
Top Solar Installers in Pearl River
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make switching to solar power much easier. The expertise that solar companies provide can be valuable as well, especially if you don't quite know what kind of solar equipment you need.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Pearl River
Factors that Affect Solar Panel Costs in Pearl River
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Pearl River: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,640. The kind of solar panels and equipment you want is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Most solar installers in Pearl River offer solar loans, which reduce the initial cost of installing solar panels. 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 upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you select will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment 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 | $17,675 | 9.9 years |
| 8 kW | $2.69 | $15,080 | $23,862 | 9.7 years |
| 10 kW | $2.64 | $18,480 | $30,198 | 9.5 years |
| 12 kW | $2.59 | $21,732 | $36,681 | 9.3 years |
| 14 kW | $2.53 | $24,837 | $43,312 | 9.1 years |
| 16 kW | $2.48 | $27,794 | $50,090 | 8.9 years |
| 18 kW | $2.43 | $30,603 | $57,017 | 8.7 years |
| 20 kW | $2.38 | $33,264 | $64,091 | 8.5 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- 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 good reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
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 Pearl River, MS Solar Cost FAQs
What is the average cost of installing solar panels in Pearl River?
The average cost of solar panels in Pearl River 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 like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Pearl River?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in Pearl River?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.