Solar Panel Cost Guide in Richland, MS (Feb 2023)
- Richland Solar Installation Cost: $15,449
- 25-Year Savings: $22,506
- Payback Period: 10.2 Years
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Top Solar Installers in Richland
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with an installer can make your switch to solar power much easier. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
If you're on the hunt for a solar installer in Richland, we've compiled a list of our top suggestions here:
See all of the solar companies in Richland
Factors that Affect Solar Panel Costs in Richland
Even though the average cost of a solar system in Richland is $15,449, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
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 energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,640 per kilowatt in Richland. The brand of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Richland homeowners choose to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your total costs, so it's vital to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can play a role in determining how much it costs. Richland's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Richland know more about local solar incentives and can help you make good use 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 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||$15,723||10.6 years|
|8 kW||$2.69||$15,080||$21,260||10.4 years|
|10 kW||$2.64||$18,480||$26,944||10.2 years|
|12 kW||$2.59||$21,732||$32,777||10.0 years|
|14 kW||$2.53||$24,837||$38,757||9.8 years|
|16 kW||$2.48||$27,794||$44,885||9.6 years|
|18 kW||$2.43||$30,603||$51,161||9.4 years|
|20 kW||$2.38||$33,264||$57,585||9.2 years|
How to Save on Solar Panels
There are many companies to choose from in Richland, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of 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 satisfied reviews from previous customers.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: Look through the contract terms carefully to make sure you understand the overall cost, project timeline incentives and warranties.
- 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 considerable role in the company you go with.
EcoWatch's Richland, MS Solar Cost FAQs
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.