Solar Panel Cost Guide in Picayune, MS (2023 Update)
- Picayune Solar Installation Cost: $15,278
- 25-Year Savings: $30,019
- Payback Period: 8.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Picayune
We break down average solar pricing in Picayune.
While the national average of solar panels is $2.66 per watt, solar panels in Picayune typically cost around 2.64. Because a 8.3-kW system is needed to cover the energy costs of a typical home in Picayune, the average price of going solar will be about $15,283 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of going solar can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what installation company you go with. But, after you've paid the initial cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $21,000 over 20 years on utility bills.
To get a free estimate from a top solar installation company in Picayune, you can click the button below.
Solar savings over time in Picayune
| Year | Return on Investment |
|---|---|
| 1 years | $-13,505 |
| 3 years | $-9,958 |
| 5 years | $-6,412 |
| 7 years | $-2,865 |
| 9 years | $682 |
| 11 years | $4,229 |
| 13 years | $7,775 |
| 15 years | $11,322 |
| 17 years | $14,869 |
| 19 years | $18,415 |
| 21 years | $21,962 |
| 23 years | $25,509 |
| 25 years | $29,056 |
Top Solar Installers in Picayune
Many homeowners choose to hire a solar installer since trying to install solar panels by yourself can be a lot of work. The expertise that solar companies offer can be invaluable as well, especially if you aren't sure what kind of solar equipment you need.
If you're looking for a solar company in Picayune, the EcoWatch team has compiled 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 Picayune
Factors that Affect Solar Panel Costs in Picayune
Though the average cost of a solar system in Picayune is $15,283, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $2,640 per kilowatt in Picayune. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Picayune, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Picayune homeowners decide 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 can only 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 APR could reduce your costs remarkably.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Picayune, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Picayune are more knowledgeable about local solar incentives and can help you make good use of 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 | $21,342 | 8.8 years |
| 8 kW | $2.69 | $15,080 | $28,752 | 8.6 years |
| 10 kW | $2.64 | $18,480 | $36,310 | 8.4 years |
| 12 kW | $2.59 | $21,732 | $44,015 | 8.3 years |
| 14 kW | $2.53 | $24,837 | $51,869 | 8.1 years |
| 16 kW | $2.48 | $27,794 | $59,870 | 7.9 years |
| 18 kW | $2.43 | $30,603 | $68,019 | 7.8 years |
| 20 kW | $2.38 | $33,264 | $76,316 | 7.6 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Picayune, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
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 Picayune, MS Solar Cost FAQs
What is the average cost of installing solar panels in Picayune?
The average cost of solar panels in Picayune 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 model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost 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.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.