Solar Panel Cost Guide in Vancleave, MS (Mar 2023)
- Vancleave Solar Installation Cost: $14,876
- 25-Year Savings: $28,532
- Payback Period: 8.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Vancleave
Find out what the average cost of a solar system is in Vancleave.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Vancleave, the typical cost of a solar system is 2.64 per watt. The average Vancleave homeowner needs a 8.1-kilowatt system, which would cost about $14,876 with the federal tax credit, or $21,273 before the 30% tax credit is applied.
These figures are only estimates, and how much solar costs for you will vary based on your specific situation and what company you go with. For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $20,000 in savings on energy bills over 20 years.
To get a free estimate from a pre-vetted solar installer in Vancleave, you can click the button below.
Solar savings over time in Vancleave
| Year | Return on Investment |
|---|---|
| 1 years | $-13,140 |
| 3 years | $-9,667 |
| 5 years | $-6,195 |
| 7 years | $-2,722 |
| 9 years | $751 |
| 11 years | $4,223 |
| 13 years | $7,696 |
| 15 years | $11,169 |
| 17 years | $14,642 |
| 19 years | $18,114 |
| 21 years | $21,587 |
| 23 years | $25,060 |
| 25 years | $28,532 |
Top Solar Installers in Vancleave
When going solar, many homeowners decide to use a solar installer since installing a solar system yourself can be a time-consuming project. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a vetted solar company can make going solar easier. 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Vancleave
Factors that Affect Solar Panel Costs in Vancleave
While the average cost of a solar system in Vancleave is $14,876, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar system you need for your home, 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 $2,640. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Vancleave, where sunlight is 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
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. Fortunately, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time due to interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you select will impact your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $20,809 | 8.9 years |
| 8 kW | $2.69 | $15,080 | $28,042 | 8.7 years |
| 10 kW | $2.64 | $18,480 | $35,422 | 8.6 years |
| 12 kW | $2.59 | $21,732 | $42,950 | 8.4 years |
| 14 kW | $2.53 | $24,837 | $50,625 | 8.2 years |
| 16 kW | $2.48 | $27,794 | $58,449 | 8.1 years |
| 18 kW | $2.43 | $30,603 | $66,420 | 7.9 years |
| 20 kW | $2.38 | $33,264 | $74,539 | 7.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: If you care about the durability of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Make sure your solar company has a good reputation by confirming 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: The kind of solar panel you need to install plays a part in which company you should choose, since different companies provide different panels.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you aren't sure 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 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 $13,200 for a 5-kW system and $26,400 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Vancleave?
Leasing solar panels can be an option if you can't pay upfront or secure 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.
How will having solar panels impact how much my home is worth?
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 $157,700, which means you could be looking at a value of about $6,466 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Vancleave is a fruitful investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.