Solar Panel Cost Guide in Senatobia, MS (Jan 2023)
- Senatobia Solar Installation Cost: $16,041
- 25-Year Savings: $21,536
- Payback Period: 10.7 Years
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Top Solar Installers in Senatobia
Trying to put up solar panels by yourself can be a dangerous undertaking, which is why hiring a solar installation company is a good option for many homeowners. Companies can also have access to quality options of the best solar panels and help you decide which one will be best for your family.
If you're on the hunt for a solar installer in Senatobia, we've compiled a list of our top suggestions here:
See all of the solar companies in Senatobia
Factors that Affect Solar Panel Costs in Senatobia
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Senatobia: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Senatobia, where sunlight is relatively 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
If paying for solar panels out of pocket is out of reach, solar loans are an affordable option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Though solar loans make adopting solar energy more accessible for Senatobia homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Senatobia know more 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||$2.75||$11,532||$14,438||11.1 years|
|8 kW||$2.69||$15,080||$19,546||10.9 years|
|10 kW||$2.64||$18,480||$24,802||10.7 years|
|12 kW||$2.59||$21,732||$30,206||10.5 years|
|14 kW||$2.53||$24,837||$35,757||10.2 years|
|16 kW||$2.48||$27,794||$41,457||10.0 years|
|18 kW||$2.43||$30,603||$47,304||9.8 years|
|20 kW||$2.38||$33,264||$53,299||9.6 years|
How to Save on Solar Panels
There are a lot of companies to choose from in Senatobia, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: The brand of solar panel you'd like to install plays a role in which installer you should choose, since different companies offer different panels.
- Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar installer. See to it that you understand how the installation process will go and the completion timeline.
EcoWatch's Senatobia, 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.