Solar Panel Cost Guide in Senatobia, MS (2024 Update)
- Senatobia Solar Installation Cost: $19,082
- 25-Year Savings: $21,533
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Senatobia
Find out what the average cost of solar panels are in Senatobia.
The national average cost of solar panels is $2.66 per watt, but in Senatobia it’s 3 per watt.The average solar panel system size in Senatobia is around 8.7 kilowatts, meaning a cost of about $19,082 for a solar installation, or $27,287 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of equipment you choose, your solar contractor and more.With typical savings of about $16,000 on power bills over 20 years, many homeowners in Senatobia find going solar can pay off big.
To get a free estimate from a pre-vetted solar company in Senatobia, you can click the button below.
Solar savings over time in Senatobia
| Year | Return on Investment |
|---|---|
| 1 years | $-17,715 |
| 3 years | $-14,980 |
| 5 years | $-12,245 |
| 7 years | $-9,510 |
| 9 years | $-6,776 |
| 11 years | $-4,041 |
| 13 years | $-1,306 |
| 15 years | $1,429 |
| 17 years | $4,164 |
| 19 years | $6,899 |
| 21 years | $9,634 |
| 23 years | $12,369 |
| 25 years | $15,103 |
Top Solar Installers in Senatobia
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar company can make switching to solar power much easier. Plus, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
If you're looking for a solar company in Senatobia, the EcoWatch team has 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 Senatobia
Factors that Affect Solar Panel Costs in Senatobia
The cost of installing a solar system in Senatobia can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
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 energy your household consumes, the larger your system will likely need to be. You can expect to spend about $3,140 per kilowatt in Senatobia.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Senatobia, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. 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 too expensive, solar loans are an affordable route because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can impact the cost. Senatobia’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that offers the products, warranties and services you’re looking for and also is within your budget.
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 | $12,254 | 13.2 years |
| 8 kW | $3.20 | $17,936 | $16,690 | 12.9 years |
| 10 kW | $3.14 | $21,980 | $21,302 | 12.7 years |
| 12 kW | $3.08 | $25,848 | $26,090 | 12.4 years |
| 14 kW | $3.01 | $29,541 | $31,053 | 12.2 years |
| 16 kW | $2.95 | $33,058 | $36,193 | 11.9 years |
| 18 kW | $2.89 | $36,399 | $41,508 | 11.7 years |
| 20 kW | $2.83 | $39,564 | $46,999 | 11.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Senatobia, MS Solar Cost FAQs
What is the average cost of installing solar panels in Senatobia?
This is a difficult question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Senatobia?
A solar panel system isn’t free in Senatobia, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 get 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.