Solar Panel Cost Guide in Tutwiler, MS (Feb 2023)
- Tutwiler Solar Installation Cost: $15,726
- 25-Year Savings: $21,934
- Payback Period: 10.4 Years
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Top Solar Installers in Tutwiler
Although you can install solar panels yourself, it takes extra energy and expertise. That's why almost all homeowners choose to go with a solar panel installer. Companies can also have access to various kinds of the best solar panels and help you decide which one will be best for your home.
If you're looking for a solar installer in Tutwiler, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Tutwiler
Factors that Affect Solar Panel Costs in Tutwiler
The cost of installing a solar system in Tutwiler can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
When it comes to estimating the cost of solar panels in Tutwiler, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,640 for each additional kilowatt you need. The brand of solar panels and equipment you get is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond 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 falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your overall costs, so it's crucial to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Tutwiler is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services for different budgets. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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||$15,030||10.9 years|
|8 kW||$2.69||$15,080||$20,336||10.6 years|
|10 kW||$2.64||$18,480||$25,789||10.4 years|
|12 kW||$2.59||$21,732||$31,391||10.2 years|
|14 kW||$2.53||$24,837||$37,140||10.0 years|
|16 kW||$2.48||$27,794||$43,037||9.8 years|
|18 kW||$2.43||$30,603||$49,082||9.6 years|
|20 kW||$2.38||$33,264||$55,274||9.4 years|
How to Save on Solar Panels
There are a lot of 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:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: Different companies will have different brands and types of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
EcoWatch's Tutwiler, 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.