Solar Panel Cost Guide in Saltillo, MS (2024 Update)
- Saltillo Solar Installation Cost: $18,968
- 25-Year Savings: $3,303
- Payback Period: 24.6 Years
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Average Cost of Solar Panels in Saltillo
Let’s take a look at the average cost of solar in Saltillo.
In Saltillo, solar panels cost about 3 per watt on average.To account for the typical energy usage of the average home in Saltillo, most homeowners require a 8.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $18,968, or $27,124 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary quite a bit based on several factors, such as what size system you need, your energy usage and what installation company you go with.For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $8,900 in savings on electricity bills over 20 years.
You can click the button below to get connected with a vetted solar company in Saltillo that can help you get a more accurate cost estimate for your home.
Solar savings over time in Saltillo
| Year | Return on Investment |
|---|---|
| 1 years | $-18,968 |
| 3 years | $-18,968 |
| 5 years | $-18,968 |
| 7 years | $-18,968 |
| 9 years | $-18,968 |
| 11 years | $-18,968 |
| 13 years | $-18,968 |
| 15 years | $-18,968 |
| 17 years | $-18,968 |
| 19 years | $-18,968 |
| 21 years | $-18,968 |
| 23 years | $-18,968 |
| 25 years | $-18,968 |
Top Solar Installers in Saltillo
Many homeowners choose to use a solar panel installer since installing solar panels by yourself can be a lot of work. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you're searching for a solar company in Saltillo, we've organized a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Saltillo
Factors that Affect Solar Panel Costs in Saltillo
There are many criteria that can determine your solar system 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
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to consider 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
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Saltillo, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Saltillo, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.You may see national solar installers that have lower prices because of 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 major players.
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 | $-331 | 25.6 years |
| 8 kW | $3.20 | $17,936 | $-89 | 25.1 years |
| 10 kW | $3.14 | $21,980 | $328 | 24.6 years |
| 12 kW | $3.08 | $25,848 | $921 | 24.1 years |
| 14 kW | $3.01 | $29,541 | $1,690 | 23.6 years |
| 16 kW | $2.95 | $33,058 | $2,635 | 23.2 years |
| 18 kW | $2.89 | $36,399 | $3,755 | 22.7 years |
| 20 kW | $2.83 | $39,564 | $5,052 | 22.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before signing a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- 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 most likely has a good reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Solar Panel Brands: Not all solar installers have 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.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Saltillo, MS Solar Cost FAQs
How much does it cost to install solar panels in Saltillo?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly 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 other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to think about when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Saltillo?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.