Solar Panel Cost Guide in Tutwiler, MS (2023 Update)
- Tutwiler Solar Installation Cost: $15,721
- 25-Year Savings: $21,939
- Payback Period: 10.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Tutwiler
Find out what the average cost of solar panels are in Tutwiler.
In Tutwiler, solar panels cost about 2.64 per watt on average. To account for the typical energy needs of the average home in Tutwiler, most homeowners require a 8.5-kilowatt system. Using the figure above, a solar installation costs about $15,726, or $22,488 before the federal solar tax credit of 30% is applied.
Remember 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 want, your solar contractor and more. With average savings of about $17,000 on utility bills over 20 years, many homeowners in Tutwiler find investing in solar can pay off big.
Click the button below to get connected to a top solar company in Tutwiler for a customized quote.
Solar savings over time in Tutwiler
| Year | Return on Investment |
|---|---|
| 1 years | $-14,354 |
| 3 years | $-11,619 |
| 5 years | $-8,884 |
| 7 years | $-6,149 |
| 9 years | $-3,414 |
| 11 years | $-679 |
| 13 years | $2,056 |
| 15 years | $4,791 |
| 17 years | $7,525 |
| 19 years | $10,260 |
| 21 years | $12,995 |
| 23 years | $15,730 |
| 25 years | $18,465 |
Top Solar Installers in Tutwiler
Although you can install solar panels on your own, it requires extra labor and knowledge. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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 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 is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
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 important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Tutwiler average.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable choice because they decrease your upfront costs and let you pay for your system over five to seven years on average. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies in Tutwiler, and each can charge different amounts for labor and 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 cost more. It's best to do some research and choose a company that has 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 | $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 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:
- Contract: Before signing a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the project timeline.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
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 Tutwiler, MS Solar Cost FAQs
What is the average cost of installing solar panels in Tutwiler?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,200 for a 5-kW system and $26,400 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Tutwiler is currently $68,400, which means you can look forward to a value of about $2,804 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Tutwiler is a rewarding investment.
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 buy between 20 and 35 panels to cover 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.