Solar Panel Cost Guide in Vancleave, MS (2024 Update)
- Vancleave Solar Installation Cost: $17,701
- 25-Year Savings: $28,526
- Payback Period: 10.2 Years
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Average Cost of Solar Panels in Vancleave
Find out how much it might cost to make the switch to solar in Vancleave.
The average cost of solar panels in Vancleave is 3 per watt.Using this figure, a typical 8.1-kW system would cost about $17,701 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Vancleave can save about $20,000 on their power bills over 20 years.
Click the button below to get connected to a top solar company in Vancleave for a custom estimate.
Solar savings over time in Vancleave
| Year | Return on Investment |
|---|---|
| 1 years | $-16,037 |
| 3 years | $-12,709 |
| 5 years | $-9,381 |
| 7 years | $-6,053 |
| 9 years | $-2,725 |
| 11 years | $603 |
| 13 years | $3,931 |
| 15 years | $7,259 |
| 17 years | $10,587 |
| 19 years | $13,914 |
| 21 years | $17,242 |
| 23 years | $20,570 |
| 25 years | $23,898 |
Top Solar Installers in Vancleave
When going solar, many homeowners decide to go with a solar installation company since installing solar panels yourself can be a time-consuming project. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Vancleave
Factors that Affect Solar Panel Costs in Vancleave
The cost of installing a solar system in Vancleave 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 home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,140. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Vancleave average.
Solar Financing Terms
Many homeowners find the average cost of solar in Vancleave to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest.It’s a good idea to include 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
The solar panel installation company you pick will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $18,625 | 10.6 years |
| 8 kW | $3.20 | $17,936 | $25,186 | 10.4 years |
| 10 kW | $3.14 | $21,980 | $31,922 | 10.2 years |
| 12 kW | $3.08 | $25,848 | $38,834 | 10.0 years |
| 14 kW | $3.01 | $29,541 | $45,921 | 9.8 years |
| 16 kW | $2.95 | $33,058 | $53,185 | 9.6 years |
| 18 kW | $2.89 | $36,399 | $60,624 | 9.4 years |
| 20 kW | $2.83 | $39,564 | $68,239 | 9.2 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 select the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies carry various brands and types of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: Before you sign a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
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 Vancleave, MS Solar Cost FAQs
How much does it cost to install solar panels in Vancleave?
The average cost of solar panels in Vancleave is about $15,700 for a 5-kW system and $31,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Vancleave?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Vancleave is currently $257,662, so you could be looking at a value of about $10,564 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Vancleave is a worthwhile investment.
How many solar panels should I get to power 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 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.