Solar Panel Cost Guide in Petal, MS (2024 Update)
- Petal Solar Installation Cost: $18,125
- 25-Year Savings: $30,714
- Payback Period: 9.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Petal
Find out what the average cost of a solar system is in Petal.
The average cost of solar panels in Petal is 3 per watt.To account for the typical energy needs of the average home in Petal, most homeowners require a 8.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $18,125, or $25,919 before the federal solar tax credit of 0 is applied.
These figures are just averages, and your own solar costs will most likely differ based on the amount of energy your home requires and what company you want to go with.Despite the high upfront cost, the average Petal homeowner can save around $21,000 on their power bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a reputable solar panel company in your area for a customized quote.
Solar savings over time in Petal
| Year | Return on Investment |
|---|---|
| 1 years | $-16,297 |
| 3 years | $-12,640 |
| 5 years | $-8,984 |
| 7 years | $-5,328 |
| 9 years | $-1,672 |
| 11 years | $1,984 |
| 13 years | $5,640 |
| 15 years | $9,296 |
| 17 years | $12,952 |
| 19 years | $16,608 |
| 21 years | $20,264 |
| 23 years | $23,920 |
| 25 years | $27,577 |
Top Solar Installers in Petal
When switching to solar energy, many homeowners prefer to go with a solar installation company since putting up a solar system yourself can be a challenging project. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're looking for a solar installer in Petal, we've organized a list of our top suggestions here:
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 Petal
Factors that Affect Solar Panel Costs in Petal
There are several factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Petal average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Petal homeowners opt to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of financing options, including the total 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 finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Petal is the company you hire to install your solar panel system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different costs.Additionally, some companies in Petal have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $3.27 | $13,716 | $19,721 | 10.3 years |
| 8 kW | $3.20 | $17,936 | $26,646 | 10.1 years |
| 10 kW | $3.14 | $21,980 | $33,747 | 9.9 years |
| 12 kW | $3.08 | $25,848 | $41,024 | 9.7 years |
| 14 kW | $3.01 | $29,541 | $48,476 | 9.5 years |
| 16 kW | $2.95 | $33,058 | $56,105 | 9.3 years |
| 18 kW | $2.89 | $36,399 | $63,909 | 9.1 years |
| 20 kW | $2.83 | $39,564 | $71,890 | 8.9 years |
How to Save on Solar Panels
The solar company you choose will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Petal, MS Solar Cost FAQs
How much does it cost to install solar panels in Petal?
This is a tough question to answer exactly, because the cost depends on many 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. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Petal?
Solar panels aren’t free in Petal, 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.
Does Petal have a net metering program?
Each state has some form 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 power bills.
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 stop working completely 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 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.